Finance & Investing | Capital Markets | Private Equity Activity
EV Energy Partners Responds to Low Nat Gas Price with Asset Write Down
Print
|
EV Energy Partners, L.P., today announced results for the second quarter 2012
Production for the second quarter of 2012 was 10.7 Bcf of natural gas, 282 MBbls of oil and 403 MBbls of natural gas liquids, or 14.8 Bcfe. This represents a 47 percent increase from second quarter 2011 production of 10.1 Bcfe, primarily due to acquisitions completed during 2011, and a 2 percent increase from the first quarter 2012 production of 14.5 Bcfe.
For the second quarter of 2012, EVEP reported net income of $15.0 million, or $0.35 and $0.34 per basic and diluted weighted average limited partner unit outstanding, respectively. Included in net income were $15.5 million of unrealized gains on commodity and interest rate derivatives, $0.7 million of non-cash realized losses related to derivatives acquired in…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations