Key Developments: EV Energy Partners LP (EVEP.O)
42.43USD
22 May 2013
$-0.25 (-0.59%)
$42.68
$42.99
$43.45
$41.91
324,522
444,659
$66.30
$39.15
Latest Key Developments (Source: Significant Developments)
EV Energy Partners LP Announces Quarterly Cash Distribution
EV Energy Partners LP announced a cash distribution attributable to the first quarter of 2013 of $0.768 per unit for all of its outstanding units. The distribution will be payable on May 15, 2013, to unit holders of record at the close of business on May 9, 2013. Full Article
EV Energy Partners LP Announces Quarterly Cash Distribution
EV Energy Partners LP announced a cash distribution attributable to the fourth quarter of 2012 of $0.767 per unit for all of outstanding units. The distribution will be payable on February 14, 2013, to unit holders of record at the close of business on February 11, 2013. Full Article
EV Energy Partners LP Announces Quarterly Cash Distribution
EV Energy Partners LP announced a cash distribution attributable to the third quarter of 2012 of $0.766 per unit for all of its outstanding units. The distribution will be payable on November 14, 2012, to unit holders of record at the close of business on November 7, 2012. Full Article
EV Energy Partners, L.P. Announces Quarterly Cash Distribution
EV Energy Partners, L.P. announced a cash distribution attributable to the second quarter of 2012 of $0.765 per unit for all of its outstanding units. The distribution will be payable on August 14, 2012, to unit holders of record at the close of business on August 7, 2012. Full Article
EV Energy Partners, L.P. Announces Quarterly Cash Distribution
EV Energy Partners, L.P. announced a cash distribution attributable to the first quarter of 2012, of $0.764 per unit for all of its outstanding units. The distribution will be payable on May 15, 2012, to unit holders of record at the close of business on May 8, 2012. Full Article
EV Energy Partners, L.P. Announces Closing Of Common Unit Offering And Exercise Of Over-Allotment Option
EV Energy Partners, L.P. announced that the closing of its previously announced public offering of 3,500,000 common units at $67.95 per unit to the public. The underwriters of the Partnership's common unit offering exercised in full their option to purchase an additional 525,000 common units at $67.95 per unit. The Partnership intends to use the net proceeds of approximately $268 million from the 4,025,000 common unit offering, after deducting the underwriting discounts and commissions and estimated offering expenses, and including the Partnership's general partner's proportionate capital contribution, to repay indebtedness under its existing revolving credit facility. Wells Fargo Securities, Citigroup, Raymond James, RBC Capital Markets, BofA Merrill Lynch, Credit Suisse and J.P. Morgan will act as joint book-running managers of the underwritten offering of common units. Full Article
EV Energy Partners, L.P. Announces Pricing of Upsized Public Offering of Common Units
EV Energy Partners, L.P. announced that its public offering of 3,500,000 common units was priced at $67.95 per unit to the public. The Partnership expects the delivery to occur on February 15, 2012. In addition, the underwriters have an over-allotment option to purchase up to 525,000 common units. The offering was upsized to 3,500,000 common units from the original offering size of 3,200,000 common units. Assuming no exercise of the over-allotment option, the Partnership expects to receive net proceeds from the offering of approximately $233 million, after deducting the underwriting discounts and commissions and estimated offering expenses, and including the Partnership's general partner's proportionate capital contribution. The Partnership intends to use the net proceeds from the offering, including the proceeds from any exercise of the over-allotment option of common units, to repay indebtedness under its existing revolving credit facility. Wells Fargo Securities, Citigroup, Raymond James, RBC Capital Markets, BofA Merrill Lynch, Credit Suisse and J.P. Morgan will act as joint book-running managers of the underwritten offering of common units. Full Article
EV Energy Partners, L.P. Announces Public Offering Of Common Units
EV Energy Partners, L.P. announced that it has commenced an underwritten public offering of 3,200,000 of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to purchase up to 480,000 additional common units to cover over-allotments, if any. The Partnership intends to use the net proceeds from the offering, including the proceeds from any exercise of the over-allotment option of common units, to repay indebtedness under its existing revolving credit facility. Wells Fargo Securities, Citigroup, Raymond James, RBC Capital Markets, BofA Merrill Lynch, Credit Suisse and J.P. Morgan will act as joint book-running managers of the underwritten offering. Full Article
EV Energy Partners, L.P. Announces Quarterly Cash Distribution
EV Energy Partners, L.P. announced a cash distribution attributable to the fourth quarter of 2011 of $0.763 per unit for all of its outstanding units. The distribution will be payable on February 14, 2012, to unit holders of record at the close of business on January 30, 2012. Full Article
EV Energy Partners, L.P. Signs Agreement To Acquire Properties In Barnett Shale
EV Energy Partners, L.P. announced that along with certain institutional partnerships managed by EnerVest, Ltd., has signed agreements with two unrelated companies to acquire over $1.2 billion of oil and natural gas properties located in the Barnett Shale the first is for $975 million from Encana Oil & Gas (USA) Inc., a subsidiary of Encana Corporation, and the second is a $233 million acquisition from an undisclosed private seller. EVEP will acquire an approximate 31% interest in both acquisitions for a combined $372.3 million. The acquisitions, which have been approved by the EVEP Board of Directors, are expected to close in December. EVEP plans to initially finance the acquisitions with borrowings under its existing credit facility. Full Article
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