One-Page Deal Sheet
EV Energy Partners, EnerVest Announce Joint Venture with Apache
Apache Corp EV Energy Partners Lp
Announced Date
September 12,2007
Transaction Type
JV
Transaction Details: Require Private Equity Subscription
EV Energy Partners, L.P. and certain institutional partnerships managed by EnerVest, Ltd., have entered into a multi-year exploration joint venture agreement with Apache Corp. in Central and East Texas. The agreement covers zones below the Austin Chalk in more than 400,000 acres owned by EVEP and EnerVest.
EVEP and EnerVest will contribute the acreage and data, while Apache, as operator for these deeper zones, will contribute its exploration and operations expertise and the initial exploration capital.
"This is an exceptional deal for EVEP, EnerVest and Apache," said John B. Walker, EVEP…
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