Exhibit 99.1
epenergy.gif

News
For Immediate Release
 
EP Energy Announces Fourth Quarter and Full Year 2017 Results
 
HOUSTON, TEXAS, February 28, 2018
—EP Energy Corporation (NYSE:EPE) today reported fourth quarter and year-end 2017 financial and operational results for the company.
 
Key highlights include:
 
2017 Full Year Results 
New leadership team in place
82.3 thousand barrels of oil equivalent per day (MBoe/d), including 46.1 thousand barrels of oil production per day (MBbls/d)
$587 million of oil and gas expenditures, including acquisitions of $29 million
149 completed wells
$194 million net loss / $691 million Adjusted EBITDAX
Entered into Eagle Ford acquisition and Altamont acreage divestiture - closed 1Q'18
Improved financial flexibility with extended debt maturity profile
     
2017 Proved Reserves
Proved reserves of 392.1 million barrels of oil equivalent (MMBoe) - down nine percent from 2016
Pro-forma for divestitures and ownership changes, total proved reserves essentially flat to 2016
52 percent oil and 72 percent liquids
Proved developed reserves of 218.3 MMBoe - up seven percent from 2016
13 year reserve to production ratio (based on 2017 annual production)

“We have been making meaningful progress on multiple fronts since coming on board in November last year” said Russell Parker, president and chief executive officer of EP Energy Corporation. "The organization has been restructured to increase the speed of execution and decision making. In each operating area we are blending in new concepts to improve asset performance, increase capital efficiency and reduce operating costs. So far in 2018, we have improved our financial flexibility by extending $1.2 billion of near term maturities, and we enhanced our portfolio of capital efficient projects with the completion of two successful A&D transactions. We are pleased with our progress so far, but we are even more excited about executing on the opportunities ahead that will drive us toward cash flow neutrality and reduced leverage."






The following information was filed by Ep Energy Llc on Thursday, March 1, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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