Texas-based EP Energy Corp. is planning to evaluate a range of strategic alternatives to maximize shareholder value, including a corporate sale, merger or other business combination, or other transactions.
EP Energy, a developer of oil and natural gas in the United States, has programs in the Eagle Ford and Northeastern Utah areas.
The company has enlisted the help of Credit Suisse Securities and Jefferies as financial advisers to assist with the evaluation process.
“We are very pleased to be working with our advisors to explore strategic alternatives that maximize value for our shareholders,” said Russell Parker, president and CEO of EP Energy. “With the completion of our Southern Midland Basin asset sale, the management team and our board believe now is an opportune time to evaluate alternatives to bring value forward for our shareholders.”
The company has not set a timetable for the conclusion of its evaluation or strategic alternatives and not
