With fluctuating costs in well development, EP Energy Corp.’s president and CEO, Russell Parker, said efficiency is the key in the Eagle Ford.
Parker, speaking during Hart Energy’s recently held DUG Eagle Ford Conference & Exhibition, said industry inflation in some areas, most notably in transportation, has meant remaining capital-efficient in other areas to keep profits up.
“First and foremost you’ve got to be cash flow neutral when production is flat,” Parker said. “Growth is important and growth can be a gift but if you can’t maintain base production at a flat level and actually be cash flow neutral or throw off a little bit of cash, then as you grow you actually destroy capital.”
