Operational Updates | Capital Markets | Private Equity Activity
EV Energy Partners Sees Q3 Growth in Barnett Shale
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EV Energy Partners LP reported results for the third quarter 2012.
Adjusted EBITDAX for the quarter was $67.3 million, a 29 percent increase over the third quarter of 2011 and a 2 percent increase versus the second quarter of 2012. Distributable Cash Flow for the quarter was $35.3 million, a 15 percent increase over the third quarter of 2011 and a 2 percent increase versus the second quarter of 2012. The increase in Adjusted EBITDAX and Distributable Cash Flow over the third quarter of 2011 was primarily due to production from Barnett Shale properties acquired during the fourth quarter of 2011.
Production for the third quarter of 2012 was 10.8 Bcf of natural gas, 266 MBbls of oil and 440 MBbls of natural gas liquids, or 15 Bcfe. This represents a 49 percent increase from third quarter…
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