EP Energy Corp.

EP Energy announced that its Board of Directors intends to evaluate a range of strategic alternatives to maximize shareholder value, including without limitation, a corporate sale, merger or other business combination, or other transactions. The Company has engaged Credit Suisse Securities LLC and Jefferies LLC as financial advisors to assist with [...]

EP Energy announced that it has closed the divestiture of its Southern Midland Basin assets. EP Energy's go-forward portfolio will consist of approximately 410,000 gross acres in the Uinta Basin in Northeastern Utah and the Eagle Ford. Average daily net production for the fourth quarter 2020 pro-forma for the transaction was 44,000 barrels of oil [...]

EP Energy announced today that it has entered into a Purchase and Sale Agreement with an undisclosed buyer to divest of EP Energy's assets. The transaction is expected to close by the end of Jan 2021. Pro forma for the divestiture, EP Energy will own approximately 410,000 gross acres in Northeastern Utah and the Eagle Ford. Average daily net [...]

EP Energy announced it has successfully completed its financial restructuring and emerged from Chapter 11 better positioned for the long-term with significantly reduced debt, a stronger balance sheet and enhanced financial flexibility. Through the financial restructuring process, EP Energy has reduced its pre-petition debt by approximately $4.4 [...]

Expects to Emerge from Chapter 11 by October 1, 2020 EP Energy Corp. today announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Company's Amended Plan of Reorganization . The Company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection by October [...]

EP Energy Corp. Expects to Emerge from Chapter 11 in the coming weeks Bolstered By $3.3 Billion Deleveraging and New Equity Financing EP Energy Corp. today announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Company's Plan of Reorganization . The Company expects to complete its financial [...]

 EP Energy Corp. today reported third quarter 2019 financial and operational results. 3Q'19 Results: Equivalent production of 67.2 MBoe/d Oil production of 37.9 MBbls/d Net loss of $620 million, including $32 million gain on financial derivatives Adjusted EBITDAX of $141 million Oil and gas expenditures of $159 million, including $3 million [...]

 EP Energy Corp. has scheduled a webcast at 10:00 a.m. Eastern Time, 9:00 a.m. Central Time, on Tuesday, November 12 to discuss its third quarter 2019 financial and operational results. The company's third quarter earnings press release is scheduled to be issued before market-hours on Tuesday, November 12, 2019. The webcast may be accessed online [...]

Reorganization Expected to Reduce Company's Existing Debt by approximately $3.3 Billion Reorganization Provides for up to $475 Million Equity Rights Offering, of which $463 Million is Backstopped, including $325 Million in Committed New Money Investment, and approximately $629 Million in Exit Financing Company Intends to Complete Financial [...]

Company Has Sufficient Liquidity to Continue Operating Safely and in the Normal Course  EP Energy Corp. today announced that the Company has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas for the "First Day" motions related to its voluntary Chapter 11 petitions. As previously announced, EP Energy reached an [...]