EP Energy Corporation Reports Production Results for the Fourth Quarter and Full Year Ended December 31, 2018; Reported Impairment Charges for the Fourth Quarter Ended December 31, 2018; Provides Production Guidance for the First Quarter of 2019
For the year ended December 31, 2018, average daily production was 80.7 MBoe/d, including 45.8 MBbls/d of oil.
For the fourth quarter, the company reported impairment charges of $1,103 million.
For the first quarter of 2019, the company expects total production of 72 MBoe/d to 73 MBoe/d. Oil production expects 38 MBbls/d to 39 MBbls/d.