EP Energy Announces It Has Engaged Credit Suisse and Jefferies to Assist with Strategic Alternatives Review News provided by Share this article Share this article HOUSTON, March 12, 2021 /PRNewswire/ -- EP Energy Corporation ("EP Energy" or the "Company") announced today that its Board of Directors (the "Board") intends to evaluate a range of strategic alternatives to maximize shareholder value, including without limitation, a corporate sale, merger or other business combination, or other transactions. The Company has engaged Credit Suisse Securities (USA) LLC ("Credit Suisse") and Jefferies LLC ("Jefferies") as financial advisors to assist with the evaluation process. President and Chief Executive Officer Russell Parker stated, "We are very pleased to be working with our advisors to explore strategic alternatives that maximize value for our shareholders. 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 now has minimal leverage and a strong oil-weighted asset base in the Eagle Ford and Northeastern Utah that generates attractive returns and significant EBITDAX and free cash flow. I am extremely proud of our team's performance and we will remain highly focused on executing our business plan throughout this process."