EP Energy Accelerates Wolfcamp Drilling With $450 Million JV

Formed JV to fund up to 150 wells in the Wolfcamp Shale in the Permian's Midland Basin; Wolfcamp Drillco will fund 60% costs in exchange for 50% WI in JV wells.

[Editor's note: on April 27, 2018, EP Energy and Apollo amended the JV agreement to direct the development area for the second tranche from the Permian to the Eagle Ford, according to regulatory filings with U.S. Securities and Exchange Commission.]