EV Energy Partners, L.P. repre
EVEP
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Exploration & Production
- Address
- United States of America
- IPO Date
- Sep 27, 2006
- CIK
- 0001361937
- Similar Companies
- Business
- EV Energy Partners, L.P. (EVEP) is a master limited partnership engaged in the acquisition, exploration, development, and production of onshore oil and natural gas properties in the United States. The company's core assets include proved reserves located in key basins such as the Barnett Shale in Texas; the Appalachian Basin, including the Utica Shale in Pennsylvania and surrounding areas; the Permian Basin in Texas and New Mexico; the Mid-Continent region covering Oklahoma, Texas, Arkansas, Kansas, and Louisiana; the San Juan Basin; the Monroe Field in Northern Louisiana; Central Texas including the Austin Chalk area; and Michigan, with additional midstream investments in processing, fractionation, and gathering operations in the Utica Shale. It targets institutional investors through its upstream MLP structure, managed historically by EnerVest Ltd., and operates primarily in U.S. onshore regions. Founded in 2006 and headquartered in Houston, Texas, at 1001 Fannin Street, Suite 800, EV Energy Partners focuses on accretive acquisitions and operational enhancements to its oil and gas portfolio. The partnership historically pursued growth through strategic purchases, such as a $59 million Eagle Ford acquisition in Karnes County, Texas, in 2017 funded via like-kind exchange and credit facility borrowings; multiple 2015 deals across various plays financed by credit facilities; and earlier Permian Basin expansions. In a major restructuring, EV Energy Partners filed for Chapter 11 bankruptcy on April 2, 2018, in the U.S. Bankruptcy Court for the District of Delaware (Case No. 18-10814) to shed approximately $343 million in debt amid challenging upstream market conditions. It emerged from bankruptcy on June 4, 2018, as a reorganized corporation renamed Harvest Oil & Gas Corp., with pre-bankruptcy unitholders receiving a reduced 5% equity stake plus warrants, marking a significant operational and structural shift. No major acquisitions, partnerships, or product launches have been reported since the reorganization, with the entity now trading under legacy ticker references at minimal market capitalization levels.