EP Energy Corporation

Equities

EPEGQ

US2687851020

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2022	Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation.	CI
2022	Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion	CI

Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion

March 24, 2022

Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion on July 26, 2021. The transaction is subject to FTC approval. As of March 25, 202, the Federal Trade Commission announced that it will require the divestiture of EP Energy Corp.'s entire business and assets in Utah to resolve the agency's allegations that the transaction would eliminate competition.

The FTC ultimately granted conditional clearance of the transaction, with the purchaser agreeing to divest a portion of EP Energy's assets post-closing. Stephen Szalkowski, John Greer, Jason Cruise, Lindsey Champlin, Peter Todaro, Joseph Simei, Tim Fenn, Adam Kestenbaum, Joshua Marnitz and Pamela Kellet of Latham & Watkins LLP advises to EP Energy Corporation. Vinson & Elkins LLP acted as legal advisor and Cleary Gottlieb Steen & Hamilton LLP provided antitrust counsel to Verdun Oil Company II LLC.

Jefferies Group LLC acted as financial advisor to EP Energy.

Latest news about EP Energy Corporation

Verdun Oil Company II LLC completed the acquisition of EP Energy Corporation.	22-03-29	CI
Verdun Oil Company II LLC agreed to acquire EP Energy Corporation for $1.4 billion	22-03-24	CI
EP Energy Corporation Provides Production Guidance for the Year of 2021	21-03-23	CI
EP Energy Intends to Evaluate Range of Strategic Alternatives to Maximize Shareholder Value	21-03-12	CI
RRP Acquisitions 1 LLC completed the acquisition of Texas assets of EP Energy Corporation for $240 million.	21-02-22	CI
An unknown buyer entered into an agreement to acquire Texas assets of EP Energy Corporation.	20-12-22	CI
EP Energy Corporation Emerged from Bankruptcy	20-10-01	CI
Modified Fifth Amended Joint Reorganization Plan Approved for EP Energy Corporation	20-08-27	CI
Order Approving Combined Hearing for Fifth Amended Reorganization Plan & Disclosure Statement for EP Energy Corporation	20-07-20	CI
Fifth Amended Joint Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	20-07-13	CI
Motion for Exclusivity Period Extension Approved For EP Energy Corporation	20-05-27	CI
Motion for Asset Sale Approved for EP Energy Corporation	20-04-27	CI
Motion for Asset Sale Filed by EP Energy Corporation	20-04-02	CI
First Motion for Exclusivity Period Extension Approved For EP Energy Corporation	20-03-31	CI
Ep Energy Corporation Reports Earnings Results for the Full Year Ended December 31, 2019	20-03-25	CI
EP Energy Corporation Auditor Raises 'Going Concern' Doubt	20-03-24	CI
Fourth Amended Reorganization Plan Approved for EP Energy Corporation	20-03-12	CI
First Motion for Exclusivity Period Extension Filed by EP Energy Corporation	20-01-30	CI
Fourth Amended Disclosure Statement Approved for EP Energy Corporation	20-01-13	CI
Fourth Amended Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	20-01-13	CI
Third Amended Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	20-01-08	CI
Second Amended Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	20-01-02	CI
Amended Joint Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	19-12-12	CI
DIP Financing Approved for EP Energy Corporation	19-11-25	CI
Joint Reorganization Plan and Disclosure Statement Filed by EP Energy Corporation	19-11-18	CI

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Company Profile

EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a base of producing assets. It is involved in the development of its drilling inventory located in three areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas) and the Altamont Field in the Uinta Basin (Northeastern Utah). As of December 31, 2016, in its operating areas, the Company had identified 5,156 drilling locations (including 639 drilling locations to which it has attributed proved undeveloped reserves). As of December 31, 2016, the Company had proved reserves of 432.4 million barrels of oil equivalent (MMBoe) and an average net daily production of 87,641 barrel of oil equivalent per day (Boe/d).

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