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EV Energy buys properties from affiliate EnerVest for $259M

Sep 03, 2015 - The Deal Pipeline
Mergers and Acquisitions

EV Energy Partners LP (EVEP) said Thursday it's entered into four agreements with institutional partnerships of affiliate EnerVest Ltd. to acquire oil and natural gas properties for $259 million. The assets have estimated net proved reserves of 302 billion cubic feet equivalent in the Appalachian Basin, San Juan Basin, Michigan and Austin Chalk, 69% of which is natural gas, 15% natural gas liquids and 16% crude oil.

They produce 55 million cubic feet equivalent per day through 9,400 wells...