EP Energy Corporation

Covey Park Announces Acquisition of Haynesville and Bossier Assets

Dallas, March 23, 2016 – Covey Park Gas LLC, a subsidiary of Dallas, Texas-based independent oil and gas exploration and production company Covey Park Energy LLC (“Covey Park”), announced it has entered into a Purchase and Sale Agreement with subsidiaries of EP Energy Corporation (“EP Energy”) to purchase all of EP Energy’s assets located in the Haynesville and Bossier shales. The total consideration to be paid is $420,000,000, subject to