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News Breaks
January 15, 2014
09:07 EDTEVEPEV Energy general partner EnerVest announces management changes
EV Energy's general partner EnerVest has named Ken Mariani as president of the company. EnerVest founder John B. Walker will retain the position of CEO and also will continue as Executive Chairman of EV Energy Partners. In this capacity, Walker will focus his daily efforts on acquisitions, institutional fundraising, EVEP and strategic planning. Stephen McDaniel has been named CEO of EnerVest Operating Company, and Jud Walker has been named COO of EnerVest Operating Company. Mariani most recently served as Executive VP of EnerVest, Ltd., and President and CEO of EnerVest Operating Company.
News For EVEP From The Last 14 Days
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September 29, 2014
10:00 EDTEVEPOn The Fly: Analyst Downgrade Summary
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06:33 EDTEVEPEV Energy downgraded to Hold from Buy at Stifel
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September 23, 2014
08:15 EDTEVEPEV Energy to divest 9% interest in Cardinal Gas Services
EV Energy Partners announced it has signed an agreement to divest its 9% interest in Cardinal Gas Services to E1 and a Korean consortium led by Samchully for $162M, which includes estimated purchase price adjustments of approximately $18M. This sale is being made in conjunction with TOTAL E&P USA (TOT), which has also agreed to divest its 25% interest in CGS. The transaction is expected to close in mid-October and is subject to regulatory approval, tag-along rights and approval of the other member of CGS, as well as customary closing conditions and purchase price adjustments. Upon closing, EVEP intends to use the net proceeds of the disposition to repay amounts outstanding under its revolving credit facility.

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