EV Energy Partners LP (EVEP) said it plans to cut its capital expenditures (capex) by 40% this year and is “accelerating” the sale of its stake in Utica East Ohio (UEO) midstream, but the company will delay selling some of its acreage in the Eagle Ford and Utica shales due to low oil and natural gas prices.
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EVEP, Total Agree to Sell Interests in Cardinal Gas Services
EV Energy Partners LP (EVEP) and Total E&P USA said Tuesday that they have agreed to sell their interests in Cardinal Gas Services LLC for a combined sale price of $562 million in a deal that is expected to close next month.
1Q2014 Cold Held Back EVEP’s Barnett, But Appalachia Helped Lift Production
EV Energy Partners LP (EVEP) continued struggling with the cold weather of North Texas in the first quarter, which curtailed production from legacy operations in the Barnett Shale that account for more than 50% of the partnership’s overall volumes.
EVEP CEO Hints at ‘Several Other Opportunities’ in the Utica
EV Energy Partners LP (EVEP) is working on “several other opportunities” in the Utica Shale, where it is continuing a dual strategy of offering its wet gas acreage for sale while also looking for joint venture (JV) partners to help de-risk the play’s oil window.
EV Energy Partners Bolting On More Barnett Acreage
EV Energy Partners LP (EVEP) and partnerships managed by EnerVest Ltd. have agreed to acquire Barnett Shale natural gas properties from Carrizo Oil and Gas Inc.
McClendon’s New E&P Said to Be Buying Onshore Leaseholds
Risk-taker and rule-breaker Aubrey McClendon, who co-founded Chesapeake Energy Corp. and then retired on April 1, appears to be making a comeback in the U.S. exploration and production (E&P) arena, with one of his start-ups apparently buying one or two leaseholds in the Utica Shale, sources toldNGI.
McClendon’s E&P Readying Comeback in U.S. Onshore
Aubrey McClendon hasn’t taken long to gallop back in the U.S. onshore unconventional drilling business, if analysts are to be believed.