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EV Energy Partners IDs 2015 Guidance; Lowers CapEx
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EV Energy Partners, L.P. announced a cash distribution attributable to the fourth quarter of 2014, announced full year 2015 guidance and updated fourth quarter 2014 production guidance.
Revised Production Guidance for 4Q 2014 and Guidance for Full Year 2015Fourth quarter 2014 production is expected to average approximately 171 mmcfe per day, or down approximately 2.7% from third quarter levels. During the quarter, production in West Virginia was down on average by 1.9 mmcfe per day due to a compressor change-out program by the operator.
Guidance for 2015 is presented below. As previously noted, E&P capital expenditures have been reduced to between $55 million and $65 million, as compared to approximately $100 million for 2014, and EVEP's 21% share of midstream capital expenditures is…
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