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EV Energy Sees Drop in 4Q Reserves; Talks Financials

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EV Energy Sees Drop in 4Q Reserves; Talks Financials

EV Energy Partners, L.P. announced results for the fourth quarter and full year 2014 and the filing of its Form 10-K with the Securities and Exchange Commission.  In addition, EVEP announced its 2014 year-end proved reserves, and the amendment of its credit facility.

Year-end 2014 Estimated Net Proved Reserves

EVEP's year-end 2014 estimated net proved reserves were 1,000.5 Bcfe.  Approximately 71 percent were natural gas, 22 percent were natural gas liquids and 7 percent were crude oil.  In addition, 84% percent were categorized as proved developed.  Year-end 2014 estimated proved reserves declined by 191 Bcfe from year-end 2013 estimated net proved reserves, primarily due to a reduction in proved undeveloped reserves (PUD's).  In connection with the annual reserves review for 2014, the…

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