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
Expects to Emerge from Chapter 11 by October 1, 2020
HOUSTON – August 27, 2020 – EP Energy Corporation (“EP Energy” or the “Company”) today announced that the United States Bankruptcy Court for the Southern District of Texas (the “Court”) has confirmed the Company’s Amended Plan of Reorganization (the “Amended Plan”). The Company expects to complete its financial restructuring process and emerge from Chapter 11 bankruptcy protection by October 1, 2020.