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July 01, 2015 3:36 AM ET

Oil, Gas and Consumable Fuels

Company Overview of EP Energy LLC

Company Overview

EP Energy LLC acquires, explores, develops, and produces oil, natural gas, and natural gas liquids in the United States. The company’s oil and natural gas properties are located in the Eagle Ford Shale in South Texas; the Wolfcamp Shale in Permian Basin in West Texas; the Altamont field in the Uinta Basin in Northeastern Utah; and the Haynesville Shale in North Louisiana. As of December 31, 2014, it had proved reserves of 622.2 million barrels of oil equivalent. The company is headquartered in Houston, Texas. EP Energy LLC is a subsidiary of EP Energy Corporation.

1001 Louisiana Street

Houston, TX 77002

United States

Phone:

713-997-1000

Key Executives for EP Energy LLC

Chairman of The Board - Ep Energy Corporation, Chief Executive Officer and President
Age: 54
Chief Financial Officer and Executive Vice President
Age: 54
Chief Operating Officer and Executive Vice President
Age: 50
Senior Vice President, General Counsel and Corporate Secretary
Age: 50
Executive Vice President of Operations Services
Age: 46
Compensation as of Fiscal Year 2015.

EP Energy LLC Key Developments

EP Energy Announces Completion of Tender Offer for 6.875% Senior Secured Notes Due 2019

EP Energy LLC, a wholly-owned subsidiary of EP Energy Corporation announced the completion of its previously announced tender offer to purchase for cash any and all of the outstanding 6.875% Senior Secured Notes due 2019 (the Notes) issued by EP Energy and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer. The tender offer expired at 5:00pm, New York City time, on May 27, 2015 (the Expiration Time). EP Energy received tenders from the holders of $480,758,000 aggregate principal amount of the Notes, as reported by the tender agent, by the Expiration Time. EP Energy has accepted for purchase all of the Notes validly tendered (and not validly withdrawn). EP Energy has paid total consideration of $1,037.88 per $1,000 principal amount of the Notes, plus any accrued and unpaid interest from the last interest payment date to, but not including, the payment date.

EP Energy LLC and Everest Acquisition Finance Inc. Announce Pricing of Senior Notes Due 2023

EP Energy LLC and Everest Acquisition Finance Inc., as co-issuer announced the pricing of the previously announced unregistered offering of $800 million aggregate principal amount of 6.375% Senior Notes due 2023 at an issue price of 100%. The offering is expected to close on May 28, 2015, subject to certain closing conditions. The issuers intend to use the proceeds from the offering of the notes to purchase for cash any and all of the $750 million aggregate principal amount of their outstanding 6.875% Senior Secured Notes due 2019 in connection with EP Energy's tender offer announced; to the extent the Tender Offer is not fully subscribed, to redeem any 6.875% Senior Secured Notes due 2019 that remain outstanding; to repay amounts outstanding under its senior reserve-based revolving credit facility and/or for other general corporate purposes and to pay related fees and expenses.

EP Energy LLC and Everest Acquisition Finance Inc. Announce Offering of Senior Notes Due 2023

EP Energy LLC ("EP Energy"), a wholly-owned subsidiary of EP Energy Corporation announced that it and its wholly-owned subsidiary, Everest Acquisition Finance Inc., as co-issuer (together with EP Energy, the "Issuers"), intend to offer $800,000,000 aggregate principal amount of its senior notes due 2023 in a private placement. The issuers intend to use the proceeds from the offering of the notes (i) to purchase for cash any and all of the $750 million aggregate principal amount of their outstanding 6.875% senior secured notes due 2019 in connection with EP Energy's tender offer (ii) to the extent the tender offer is not fully subscribed, to redeem any 6.875% senior secured notes due 2019 that remain outstanding, (iii) to repay amounts outstanding under its senior reserve-based revolving credit facility and/or for other general corporate purposes and (iv) to pay related fees and expenses.

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