Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates | Capital Markets | Private Equity Activity
EV Energy Produces 12.5 Bcfe in Q3
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EV Energy Partners has detailed its Q3 2016 financial results.
Third Quarter 2016 Results
Production for the third quarter of 2016 was 12.5 Bcf of natural gas, 308 Mbbls of oil and 597 Mbbls of natural gas liquids, or 195.3 million cubic feet equivalent per day (Mmcfe/day).
This represents a three percent decrease from second quarter of 2016 production of 201.5 Mmcfe/day and a 27 percent increase over the third quarter of 2015 production of 153.8 Mmcfe/day.
The decrease from the second quarter of 2016 was due to the reduction in drilling activity, and the increase over the third quarter of 2015 was primarily due to the addition of producing properties acquired on October 1, 2015.
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