EP ENERGY CORPORATION (NYSE:EPE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

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EP ENERGY CORPORATION (NYSE:EPE) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January26, 2018, J. Barton Kalsu was appointed to the Board of Directors (the “Board”) of EP Energy Corporation (the “Company”). Mr.Kalsu will also serve on the Board’s Audit and Compensation Committees, including as chairman of the Audit Committee. Mr.Kalsu was appointed as a ClassII director, with an initial term expiring at the Company’s 2019 annual meeting of stockholders. Mr.Kalsu was selected for appointment by certain affiliates of Riverstone Holdings LLC (collectively, the “Riverstone Sponsor”) to the Riverstone Sponsor’s director designation rights under the Company’s Stockholders Agreement, dated as of August30, 2013, by and among the Company and the holders party thereto. There are no material relationships between Mr.Kalsu and any of the Company’s directors, executive officers, or the immediate family members of any such person and there are no family relationships between Mr.Kalsu and any of the Company’s directors or executive officers.

In accordance with the Company’s independent director compensation program, Mr.Kalsu will receive an annual cash retainer of $90,000 for his services on the Board plus $30,000 for his service as chairman of the Audit Committee and $10,000 for his service on the Compensation Committee. Mr.Kalsu will also receive an annual equity grant of restricted stock with a value of $175,000.

Mr.Kalsu has been determined to be an independent director for purposes of the listing standards of the New York Stock Exchange. In addition, the Board affirmatively determined that Mr.Kalsu qualifies as an “audit committee financial expert,” as defined in rulesof the Securities and Exchange Commission.


About EP ENERGY CORPORATION (NYSE:EPE)

EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana). In its operating areas, it has identified approximately 5,710 drilling locations (including over 860 drilling locations to which it has attributed proved undeveloped reserves). The Company has proved reserves of approximately 546.0 million barrels of oil equivalent (MMBoe) and it has an average net daily production of over 109,680 barrel of oil equivalent per day (Boe/d).