March 23, 2021
HOUSTON – March 23, 2021 – As previously announced, EP Energy Corporation (“EP Energy” or the “Company”) has engaged Credit Suisse and Jefferies to assist with a review of strategic alternatives.
Today, the Company is providing 2021 guidance focused on maximizing returns and generating free cash flow.
March 12, 2021
HOUSTON – March 12, 2021 – EP Energy Corporation (“EP Energy” or the “Company”) announced today that its Board of Directors (the “Board”) 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 (USA) LLC (“Credit Suisse”) and Jefferies LLC (“Jefferies”) as financial advisors to assist with the evaluation process.
February 24, 2021
HOUSTON – February 24, 2021 – EP Energy Corporation (“EP Energy” or the “Company”) announced today 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 (270,000 net) acres in the Uinta Basin in Northeastern Utah and the Eagle Ford.
December 11, 2020
Transaction to transform EP Energy into two-basin Northeastern Utah and Eagle Ford operator with low leverage and significant free cash flow generation ability
HOUSTON – December 11, 2020 – EP Energy Corporation (“EP Energy” or the “Company”) announced today that it has entered into a Purchase and Sale Agreement with an undisclosed buyer to divest of EP Energy’s assets located in the Southern Midland Basin. The transaction is expected to close by the end of January 2021.
October 1, 2020
Reduces Pre-Petition Debt by $4.4 Billion
Emerges from Chapter 11 Well-Positioned to Generate Material Free Cash Flow
August 27, 2020