Application popup: php-cgi.exe - Application Error : The application was unable to start correctly (0xc000007b)

Brand new server build, php 5.4 and 5.5.11 installed through WPI. 5.4 works fine, getting this error below on 5.5. Windows 2012 R2 IIS 8. 

Application popup: php-cgi.exe - Application Error : The application was unable to start correctly (0xc000007b)

I've tried disabling all extensions. This is the error I see when running it from command prompt. I am just trying to run php info. 

Also this is what IIS reports, but the crash is because of the error above. 

HTTP Error 500.0 - Internal Server Error

C:\Program Files (x86)\PHP\v5.5\php-cgi.exe - The FastCGI process exited unexpectedly