EP Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis - Q2, 2016

GlobalData
101 Pages - GLDATA59214
$250.00

Summary

EP Energy Corporation (EP Energy) is an exploration and production company which focuses on the acquisition and development of unconventional onshore oil and natural gas properties in the US. EP Energy has producing assets located in four operating areas - the Eagle Ford Shale, South Texas; the Wolfcamp Shale, Permian Basin, West Texas; the Altamont field in the Uinta Basin, Northeastern Utah and the Haynesville Shale, North Louisiana. EP Energy focuses on exploring oil and liquids rich assets and natural gas production. The company operates along with subsidiaries located in the US. EP Energy is headquartered in Houston, Texas, the US

EP Energy Corporation Oil & Gas Exploration and Production Operations and Cost Analysis is the latest report from GlobalData, the industry analysis specialists, that offers comprehensive information on the operational and financial performance of the company. The report is an essential source for key operational metrics, analysis and provides a strategic insight into the company. The report provides an annual and quarterly overview of oil and gas reserves and production, changes in reserves, costs incurred and results of oil and gas operations, acreage and well details, share price performance and key valuation metrics.

Scope

The report provides in-depth analysis and insights into companies’ capital spending, revenues, oil and gas reserves, production, and performance measures. Its scope includes the following -
- The report provides detailed and unique insight information on the key operational metrics. It gives a comprehensive overview of oil and gas production and reserves, costs incurred and results of oil and gas operations, acreage and well details and other performance metrics.
- Provides details with respect to the company’s oil and gas reserves and production information by country. It further consists of in-depth information on the company’s expenditures in relation to the acquisition, exploration and development activities; developed and undeveloped acreage position; key costs and revenue information; and performance metrics of the company as disclosed in its annual reports and regulatory filings.
- Provides a comprehensive overview of the company’s share price performance and key valuation metrics such as market capitalization, enterprise value, EV/Production ($boe/d) and EV/Proved Reserve ($/boe)
- Provides information on key operational and financial metrics on an annual and quarterly basis. The annual information provided is for a five-year period and the quarterly information is for the last five quarters.

*Note:

1. The scope mentioned above is generic and may not apply to all the companies. The report is based on the information disclosed by the companies in their annual and quarterly reports, regulatory filings and other company documents and sources.
2. Quarterly information is provided only for the companies that are December ending and files quarter reports and documents.
3. There can be cases where countries/regions data column/Charts will be blank. This can be due to the fact that the company might have discontinued the reporting of those countries/regions. Information that is not disclosed by the company may not be available in the report.

Reasons to buy

The report will enhance your decision making capability in a more rapid and time sensitive manner. It will allow you to -
- Be up-to-date with the latest information and in-depth analysis of the operational metrics of the company.
- Identify M&A targets from up-to-date information and in-depth analysis on financial and operational metrics of your competitors.
- Rank your performance against other companies in the exploration and production (E&P) sector using operational and financial benchmarking metrics.
- Formulate your strategies based on in-depth analysis of your competitors’ financial and operational data.
- Exploit the strengths and weakness of your closest competitors by comparing and analyzing their financial and operational metrics.
- Establish relative performance among the industry’s players based on key operational and financial measures.

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Table of Contents
Table of Contents 2
List of Tables 4
List of Figures 5
Company Snapshot 8
Key Information 8
Company Overview 8
EP Energy Corporation, Valuation and Financial Data 9
EP Energy Corporation, Share Price Performance 9
Share Price Performance, Q2, 2015-Q2, 2016 9
EP Energy Corporation, Key Valuation Metrics 10
Key Valuation Metrics, Q2, 2015-Q2, 2016 10
EP Energy Corporation, Quarterly Results of Oil & Gas Operations Per boe Produced 11
Results of Oil & Gas Operations Per boe Produced, Q2, 2015-Q2, 2016 11
Results of Oil & Gas Operations Per boe Growth Rates, Q2, 2015-Q2, 2016 12
EP Energy Corporation, Quarterly E&P Costs Trends 13
Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
EP Energy Corporation, Quarterly Production Trends 14
EP Energy Corporation, Total Oil and Gas Production 14
Total Crude Oil and Natural Gas Production Trend, Q2, 2015-Q2, 2016 14
Total Crude Oil & Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 15
EP Energy Corporation, Crude Oil Production 16
Total Crude Oil Production Trend, Q2, 2015-Q2, 2016 16
Crude Oil Production, By Country/Region, Q2, 2015-Q2, 2016 17
EP Energy Corporation, Natural Gas Production 18
Total Natural Gas Production Trend, Q2, 2015-Q2, 2016 18
Natural Gas Production, By Country/Region, Q2, 2015-Q2, 2016 19
EP Energy Corporation, Valuation and Financial Data, 2011-2015 20
EP Energy Corporation, Share Price Performance, 2011-2015 20
Share Price Performance, 2011-2015 20
Key Valuation Metrics, 2011-2015 21
EP Energy Corporation, Production and Reserves Trends 22
Total Oil and Gas, Reserves and Production 22
Total Crude Oil and Natural Gas Production and Reserves Trend, 2011-2015 22
Total Crude Oil & Natural Gas Production and Reserves By Country/Region, 2011-2015 24
Total Crude Oil and Natural Gas Reserve Changes, 2011-2015 26
Crude Oil/Liquids Production and Reserve 27
Crude Oil/Liquids Production and Reserve Trend, 2011-2015 27
Crude Oil Production and Reserves By Country/Region, 2011-2015 28
Crude Oil/Liquids Reserve Changes, 2011-2015 30
Natural Gas Production and Reserve 31
Natural Gas Production and Reserve Trend, 2011-2015 31
Natural Gas Production and Reserves, By Country/Region, 2011-2015 32
Natural Gas Reserve Changes, 2011-2015 34
Total Crude Oil and Natural Gas Reserves Life Index 35
Total Crude Oil and Natural Gas Reserves Life Index, 2011-2015 35
Total Crude Oil and Natural Gas Reserves Life Index, By Country/Region, 2011-2015 36
EP Energy Corporation, E&P Costs Trends 38
Allocation of the Upstream Capital Expenditure 38
Upstream Capital Expenditure, 2011-2015 38
Acquisition Costs By Country/Region, 2011-2015 39
Exploration and Development Costs, By Country/Region, 2011-2015 41
Oil and Gas Cost Per boe, US$/boe 43
Oil and Gas Cost Per boe, US$/boe, 2011-2015 43
Oil and Gas Cost Per boe, US$/boe, By Country/Region, 2011-2015 44
EP Energy Corporation, Reserve Replacement Ratio 46
Oil and Gas Production Replacement Ratio 46
Oil and Gas Production Replacement Ratio, 2011-2015 46
Oil and Gas Production Replacement Ratio, By Country/Region, 2011-2015 48
EP Energy Corporation, Results of Oil & Gas Operations Trend 52
Oil and Gas Revenue and Expenses 52
Oil and Gas Revenue and Expenses, 2011-2015 52
Oil and Gas Revenue and Expenses, By Country/Region, 2011-2015 53
Oil and Gas Revenue and Expenses, Per boe 59
Oil and Gas Revenue and Expenses, By boe, 2011-2015 59
Oil and Gas Revenue and Expenses Per boe, By Country/Region, 2011-2015 60
Oil and Gas Performance Metrics 65
EP Energy Corporation, Land Holdings and Well Data 66
Developed and Undeveloped Acreage 66
Gross and Net Developed and Undeveloped Acreage, 2011-2015 66
Gross and Net Developed and Undeveloped Acreage, By Country/Region, 2011-2015 67
Well Statistics 70
Producible Oil and Gas Well, 2011-2015 70
Producible Oil and Gas Well, By Country/Region, 2011-2015 71
Exploration and Development Wells Drilled, 2011-2015 76
Recent Developments 77
EP Energy Corporation - Recent Developments 77
Oct 26, 2016: EP Energy Reports Third Quarter 2016 With Strong Production Results And Continued Financial And Operational Improvements 77
Aug 03, 2016: EP Energy Reports Second Quarter 2016 Results With Continued Financial And Operational Improvement 79
Jul 20, 2016: EP Energy Announces Significantly Expanded 2017 Oil Hedge Positions 82
May 04, 2016: EP Energy Reports Solid First Quarter 2016 Results And Significant Progress Improving Financial Position 83
Feb 18, 2016: EP Energy Announces Fourth Quarter And Full Year 2015 Results And Proved Reserves, And Provides 2016 Outlook Focused On Capital Efficiency And Financial Discipline 86
Oct 28, 2015: EP Energy Reports Third Quarter 2015 Results -- Improved Well Performance And Lower Costs 91
Aug 19, 2015: Integrated Environmental Technologies Expands Supply Relationship With EP Energy 93
Jul 29, 2015: EP Energy Reports Second Quarter 2015 Results 94
Apr 29, 2015: EP Energy Reports First Quarter 2015 Results - Continued Execution Drives Operational Outperformance 96
Apr 07, 2015: EP Energy Reaffirms $2.75 Billion Borrowing Base And Extends Credit Facility Maturity Two Years To 2019 98
Appendix 99
Methodology 99
Coverage 99
Secondary Research 99
Primary Research 99
Data Information Sources 100
Company Source 100
SEC/Other Regulatory Filings 100
Other Sources 100
Expert Panel Validation 100
Data Definition 100
Oil and Gas Reserves 100
Units of Measure 101
About GlobalData 101
Disclosure 101
Disclaimer 101

List of Tables
Table 1: EP Energy Corporation, Key Facts 8
Table 2: EP Energy Corporation, Share Price Performance, Q2, 2015-Q2, 2016 9
Table 3: EP Energy Corporation, Key Valuation Metrics, Q2, 2015-Q2, 2016 10
Table 4: EP Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Table 5: EP Energy Corporation, Results of Oil & Gas Operations Per boe Growth Rates, %, Q2, 2015-Q2, 2016 12
Table 6: EP Energy Corporation, Upstream Capital Expenditure, Q2, 2015-Q2, 2016 13
Table 7: EP Energy Corporation, Total Crude Oil and Natural Gas, Production, Q2, 2015-Q2, 2016 14
Table 8: EP Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Table 9: EP Energy Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Table 10: EP Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Table 11: EP Energy Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Table 12: EP Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Table 13: EP Energy Corporation, Share Price Performance, 2011-2015 20
Table 14: EP Energy Corporation, Key Valuation Metrics, 2011-2015 21
Table 15: EP Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 23
Table 16: EP Energy Corporation, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, mmboe, 2011-2015 25
Table 17: EP Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2011-2015 26
Table 18: EP Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Table 19: EP Energy Corporation, Crude Oil Production and Reserves, By Country/Region, mmbbl, 2011-2015 29
Table 20: EP Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2011-2015 30
Table 21: EP Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Table 22: EP Energy Corporation, Natural Gas Production and Reserves, By Country/Region, bcf, 2011-2015 33
Table 23: EP Energy Corporation, Natural Gas Reserve Changes, bcf, 2011-2015 34
Table 24: EP Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Table 25: EP Energy Corporation, Oil and Gas Reserves Life Index, By Country/Region, Years, 2011-2015 37
Table 26: EP Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Table 27: EP Energy Corporation, Proved and Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 40
Table 28: EP Energy Corporation, Exploration and Development Costs, By Country/Region, US$ mil, 2011-2015 42
Table 29: EP Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Table 30: EP Energy Corporation, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2011-2015 45
Table 31: EP Energy Corporation, Oil and Gas Production Replacement Ratio, %, 2011-2015 47
Table 32: EP Energy Corporation, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2011-2015 51
Table 33: EP Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Table 34: EP Energy Corporation, Revenue and Expenses, By Country/Region, US$ mil, 2011-2015 57
Table 35: EP Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Table 36: EP Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2011-2015 64
Table 37: EP Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 65
Table 38: EP Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66
Table 39: EP Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), By Country/Region, Acres, 2011-2015 69
Table 40: EP Energy Corporation, Producible Oil and Gas Wells, 2011-2015 70
Table 41: EP Energy Corporation, Producible Oil and Gas Wells, By Country/Region, 2011-2015 75
Table 42: EP Energy Corporation, Exploratory and Developed Wells, 2011-2015 76

List of Figures
Figure 1: EP Energy Corporation, Share Price Performance, USD/Share, Q2, 2015-Q2, 2016 9
Figure 2: EP Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve ($/boe), Q2, 2015-Q2, 2016 10
Figure 3: EP Energy Corporation, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q2, 2015-Q2, 2016 11
Figure 4: EP Energy Corporation, Upstream Capital Expenditure, US$ mil, Q2, 2015-Q2, 2016 13
Figure 5: EP Energy Corporation, Total Crude Oil and Natural Gas, Production, mmboe, Q2, 2015-Q2, 2016 14
Figure 6: EP Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, Q2, 2015-Q2, 2016 15
Figure 7: EP Energy Corporation, Total Crude Oil Production, mmbbl, Q2, 2015-Q2, 2016 16
Figure 8: EP Energy Corporation, Crude Oil Production, By Country/Region, mmbbl, Q2, 2015-Q2, 2016 17
Figure 9: EP Energy Corporation, Total Natural Gas Production, bcf, Q2, 2015-Q2, 2016 18
Figure 10: EP Energy Corporation, Natural Gas Production, By Country/Region, bcf, Q2, 2015-Q2, 2016 19
Figure 11: EP Energy Corporation, Share Price Performance, USD/Share, 2011-2015 20
Figure 12: EP Energy Corporation, Key Valuation Metrics, EV/Production ($/boed), EV/Proved Reserve (US$/boe), 2011-2015 21
Figure 13: EP Energy Corporation, Total Crude Oil and Natural Gas, Production and Reserves, mmboe, 2011-2015 22
Figure 14: EP Energy Corporation, Total Oil & Gas Reserves, End of Period, By Country/Region, mmboe, 2011-2015 24
Figure 15: EP Energy Corporation, Total Oil & Gas Production, By Country/Region, mmboe, 2011-2015 24
Figure 16: EP Energy Corporation, Total Crude Oil and Natural Gas Reserve Changes, mmboe, 2015 26
Figure 17: EP Energy Corporation, Crude Oil Production and Reserves Metrics, mmbbl, 2011-2015 27
Figure 18: EP Energy Corporation, Oil Reserves, End of Period, By Country/Region, mmbbl, 2011-2015 28
Figure 19: EP Energy Corporation, Oil Production, By Country/Region, mmbbl, 2011-2015 28
Figure 20: EP Energy Corporation, Crude Oil Reserve Changes, mmbbl, 2015 30
Figure 21: EP Energy Corporation, Natural Gas Production and Reserves Metrics, bcf, 2011-2015 31
Figure 22: EP Energy Corporation, Gas Reserves, End of Period, By Country/Region, bcf, 2011-2015 32
Figure 23: EP Energy Corporation, Gas Production, By Country/Region, bcf, 2011-2015 32
Figure 24: EP Energy Corporation, Natural Gas Reserve Changes, bcf, 2015 34
Figure 25: EP Energy Corporation, Oil and Gas Reserves Life Index, Years, 2011-2015 35
Figure 26: EP Energy Corporation, Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 27: EP Energy Corporation, Oil & Gas Reserve Life Index, By Country/Region, Years, 2011-2015 36
Figure 28: EP Energy Corporation, Oil Reserve Life Index, By Country/Region, Years, 2011-2015 37
Figure 29: EP Energy Corporation, Upstream Capital Expenditure, US$ mil, 2011-2015 38
Figure 30: EP Energy Corporation, Proved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 31: EP Energy Corporation, Unproved Acquisition Costs, By Country/Region, US$ mil, 2011-2015 39
Figure 32: EP Energy Corporation, Development Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 33: EP Energy Corporation, Exploration Costs, By Country/Region, US$ mil, 2011-2015 41
Figure 34: EP Energy Corporation, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2011-2015 43
Figure 35: EP Energy Corporation, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 36: EP Energy Corporation, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 44
Figure 37: EP Energy Corporation, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2011-2015 45
Figure 38: EP Energy Corporation, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2011-2015 46
Figure 39: EP Energy Corporation, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2011-2015 48
Figure 40: EP Energy Corporation, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2011-2015 48
Figure 41: EP Energy Corporation, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2011-2015 49
Figure 42: EP Energy Corporation, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2011-2015 49
Figure 43: EP Energy Corporation, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2011-2015 50
Figure 44: EP Energy Corporation, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2011-2015 50
Figure 45: EP Energy Corporation, Revenue and Expenses, US$ mil, 2011-2015 52
Figure 46: EP Energy Corporation, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 53
Figure 47: EP Energy Corporation, Exploration Expenses, By Country/Region, US$ mil, 2011-2015 53
Figure 48: EP Energy Corporation, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 49: EP Energy Corporation, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 54
Figure 50: EP Energy Corporation, Oil & Gas Revenue, By Country/Region, US$ mil, 2011-2015 55
Figure 51: EP Energy Corporation, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 55
Figure 52: EP Energy Corporation, Production Costs, By Country/Region, US$ mil, 2011-2015 56
Figure 53: EP Energy Corporation, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ mil, 2011-2015 56
Figure 54: EP Energy Corporation, Oil and Gas Revenue and Expenses, US$/boe, 2011-2015 59
Figure 55: EP Energy Corporation, Exploration Expenses per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 56: EP Energy Corporation, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2011-2015 60
Figure 57: EP Energy Corporation, Lifting Cost per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 58: EP Energy Corporation, Annual Net Income per boe, By Country/Region, US$/boe, 2011-2015 61
Figure 59: EP Energy Corporation, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 60: EP Energy Corporation, Total DD&A per boe, By Country/Region, US$/boe, 2011-2015 62
Figure 61: EP Energy Corporation, Total Revenue per boe, By Country/Region, US$/boe, 2011-2015 63
Figure 62: EP Energy Corporation, Oil and Gas Performance Metrics, 2011-2015 65
Figure 63: EP Energy Corporation, Land Holdings (Developed and Undeveloped Acreage), Acres, 2011-2015 66
Figure 64: EP Energy Corporation, Total Gross Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67
Figure 65: EP Energy Corporation, Total Net Undeveloped Acreage, By Country/Region, Acres, 2011-2015 67
Figure 66: EP Energy Corporation, Total Gross Developed Acreage, By Country/Region, Acres, 2011-2015 68
Figure 67: EP Energy Corporation, Total Net Developed Acreage, By Country/Region, Acres, 2011-2015 68
Figure 68: EP Energy Corporation, Producible Oil and Gas Wells, 2011-2015 70
Figure 69: EP Energy Corporation, Gross Productive Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 70: EP Energy Corporation, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 71
Figure 71: EP Energy Corporation, Gross Productive Oil Wells, By Country/Region, Number, 2011-2015 72
Figure 72: EP Energy Corporation, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2011-2015 72
Figure 73: EP Energy Corporation, Net Productive Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 74: EP Energy Corporation, Net Productive Oil & Gas Wells, By Country/Region, Number, 2011-2015 73
Figure 75: EP Energy Corporation, Net Productive Oil Wells, By Country/Region, Number, 2011-2015 74
Figure 76: EP Energy Corporation, Exploratory and Developed Wells, 2011-2015 76

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