EP Energy Prices $350 Million Senior Notes

Aug 8, 2012

Houston,  August  8,  2012  ‐  EP  Energy  LLC  (“EP  Energy”),  a  leading North  American  oil  and  gas producer, today announced the pricing of $350 million principal amount of 7.750% Senior Notes due 2022 (the “Notes”) at an issue price of 100% of par value.   The offering is expected to close on August 13, 2012, subject to certain closing conditions.   
EP  Energy  intends  to  use  the  proceeds  from  this  private  offering  to  repay  a  portion  of  the borrowings under its senior secured reserve‐based revolving credit facility, as well as for general corporate purposes. 
The Notes are being offered in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), only to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and outside the United States, only to non‐U.S. investors pursuant to Regulation S. The Notes will not be initially registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent an effective registration statement or an applicable exemption from registration requirements or a transaction not subject to the registration requirements of the Securities Act or any state securities laws. 
This press release shall not  constitute  an offer to sell or the solicitation of  an offer to buy  any security  and shall  not  constitute  an  offer, solicitation  or sale  in  any  jurisdiction  in  which such offering, solicitation or sale would be unlawful.  
About EP Energy LLC 
The EP Energy team has a passion for finding and producing the oil and gas that enriches people’s lives.  As a leading North American oil and natural gas producer, EP Energy has a proven strategy, a significant reserve base, multi‐year drilling opportunities, and a strategic presence in fast‐emerging unconventional resource areas. EP Energy is active in all phases of the E&P value chain—exploring for, acquiring, developing and producing oil and natural gas.  For more information about EP Energy, visit epenergy.com. 
This release  includes  “forward‐looking statements”  intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. These statements contain words such as “may,” “will,” “project,” “might,” “expect,” “believe,” “anticipate,” “intend,” “could,” “would,” “estimate,” “continue” or “pursue,” or the negative or other variations thereof or comparable terminology.  In  particular, they  include statements relating to,  among  other things, future actions, new projects, strategies, future performance, the outcomes of  contingencies and future  financial results  of  EP  Energy.  These  forward‐looking statements  are  based  on  current expectations and projections about future events.  
Any forward‐looking statements are made pursuant to the Private Securities Litigation Reform Act of 1995 and, as such, speak only as of the date made. EP Energy disclaims any obligation to update the forward‐looking statements.  You  are  cautioned  not to  place  undue reliance on these  forward‐looking statements, which speak only as of the date stated, or if no date is stated, as of the date of this press release.  
Arthur Pike, Manager 
Communications and Community Relations