EP Energy will continue to operate and focus on onshore unconventional oil and gas plays in the southern and western areas of United States.

EP Energy president and chief executive officer Brent Smolik said the partnership with Apollo, Riverstone, and our other investors will enhance the value of EP Energy and extend the company’s performance track record.

"We will continue to focus on large acreage positions with low-risk, repeatable drilling opportunities that generate strong financial returns," Smolik said.

"By partnering with investors who are clearly aligned with this strategy and committed to our success, we believe EP Energy will continue to profitably find and produce the oil and natural gas that fuels our economy."

EP Energy’s operations include programs in the Eagle Ford shale, an Altamont multipay oil program in the Uintah basin in Utah, a Wolfcamp shale oil program, and a natural gas-directed program in the Haynesville shale.

EP Energy is oil and gas producer, Apollo Global Management is an investment manager where as Riverstone Holdings is an energy and power-focused private equity firm.