EV Energy Partners - MLP für Oil&Gas production assets - 500 Beiträge pro Seite

[R-BgO]

SOURCE: EV Energy Partners, L.P.

Jul 28, 2009 07:30 ET
EV Energy Partners Announces Quarterly Cash Distribution
Highlighted Links


EV Energy Partners, L.P.

HOUSTON, TX--(Marketwire - July 28, 2009) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced a cash distribution attributable to the second quarter of 2009 of $0.753 per unit for all of its outstanding units. The distribution will be payable on August 14, 2009, to unit holders of record at the close of business on August 7, 2009.

EV Energy Partners, L.P. is a Houston based master limited partnership engaged in acquiring, producing and developing oil and gas properties. More information about EVEP is available on the internet at www.evenergypartners.com.

[Vivian664]

Antwort auf Beitrag Nr.: 37.660.061 von R-BgO am 28.07.09 13:51:49

(Calgary, July 22, 2009) /Marketwire/ - Pengrowth Corporation, administrator of Pengrowth Energy Trust, today announced its August 17, 2009 cash distribution will be Cdn $0.10 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures and preserve financial flexibility. The ex-distribution date is July 29, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of July 31, 2009.

The distribution of Cdn $0.10 per trust unit is equivalent to approximately U.S. $0.09037 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9037. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of June 2009. Cash distributions paid over the past 12 months now total Cdn $1.96 per trust unit or approximately U.S. $1.71 per trust unit.

[R-BgO]

Habe mir mal ein paar zugelegt.

[R-BgO]

Sep 15, 2009 16:49 ET
EV Energy Partners to Present at the 2009 NAPTP MLP Investor Conference
Highlighted Links


EV Energy Partners, L.P.

HOUSTON, TX--(Marketwire - September 15, 2009) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced that Mr. John Walker, Chairman & CEO, and Mr. Michael Mercer, Senior Vice President and CFO, will be presenting at the NAPTP Master Limited Partnership Investor Conference in Greenwich, CT on Thursday, September 17, 2009 at 9:00 am ET.

Interested parties can access a live webcast via the following link: http://www.wsw.com/webcast/naptp2/evep/. A replay of the webcast will be available approximately two hours following the event and will remain available for approximately 15 days.

In addition, the presentation will be available on EVEP's website at http://www.evenergypartners.com in the Investor Relations/Presentations section.

EV Energy Partners, L.P., is a Houston-based master limited partnership engaged in acquiring, producing and developing oil and gas properties.

[R-BgO]

Sep 25, 2009 09:11 ET
EV Energy Partners Announces Pricing of Public Offering of Common Units
Highlighted Links


EV Energy Partners, L.P.

HOUSTON, TX--(Marketwire - September 25, 2009) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced that its public offering of 2,800,000 common units was priced at $22.83 per unit to the public. The Partnership expects the delivery to occur on September 30, 2009. In addition, the underwriters have an over-allotment option to purchase up to approximately 420,000 common units.

Assuming no exercise of the over-allotment option, the Partnership expects to receive net proceeds from the offering of approximately $62.3 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, for general partnership purposes, including potential future acquisitions. Pending use of the proceeds for acquisitions or other purposes, the partnership intends to use the proceeds to repay indebtedness under its existing credit facility.

Raymond James, Citi, RBC Capital Markets and Wells Fargo Securities will act as joint book-running managers for the offering. The offering of common units will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained from:

Raymond James & Associates, Inc
Attn: Equity Syndicate
880 Carillon Parkway
St. Petersburg, Florida 33716
Telephone: [phone]

Citi
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Email: [e-mail]
Telephone: [phone]

RBC Capital Markets Corporation
Attn: Equity Syndicate
Three World Financial Center
200 Vesey Street, 8th Floor
New York, New York 10281
Telephone: [phone]

Wells Fargo Securities
Attn: Equity Syndicate Dept.
375 Park Avenue
New York, New York 10152
Email: [e-mail]
Telephone: [phone]

An electronic copy of the preliminary prospectus supplement and accompanying base prospectus may also be obtained at no charge at the Securities and Exchange Commission's website at www.sec.gov.

EV Energy Partners, L.P., is a master limited partnership engaged in acquiring, producing and developing oil and gas properties.

(code #: EVEP/G)

[R-BgO]

Nov 09, 2009 06:45 ET
EV Energy Partners Announces Third Quarter 2009 Results and Additional Commodity Price Hedges
Highlighted Links


EV Energy Partners, L.P.

HOUSTON, TX--(Marketwire - November 9, 2009) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced results for the third quarter 2009 and filed its Form 10-Q with the Securities and Exchange Commission.

Third Quarter 2009 Results

Adjusted EBITDA for the quarter was $33.6 million, a 22% increase over the third quarter of 2008 and a 2% increase versus the second quarter of 2009. Distributable Cash Flow for the quarter was $19.5 million, a 39% increase over the third quarter of 2008 and an 8% increase versus the second quarter of 2009. Adjusted EBITDA and Distributable Cash Flow are described in the attached table under "Non-GAAP Measures."

EVEP reported a net loss of $2.8 million, or ($0.23) per basic and diluted weighted average unit outstanding, for the third quarter of 2009. Included in net income were $16.6 million of non-cash net unrealized losses on commodity and interest rate derivatives and $0.9 million of non-cash equity compensation expense contained in general and administrative expenses. For the third quarter of 2008, net income was $204.1 million, or $13.02 per basic and diluted weighted average unit outstanding, which included $188.8 million of non-cash net unrealized gains on commodity derivatives and ($0.1) million of non-cash equity compensation expense contained in general and administrative expenses. For the second quarter of 2009, net loss was $31.6 million, or ($1.93) per basic and diluted weighted average unit outstanding, which included $44.5 million of non-cash net unrealized losses on commodity and interest rate derivatives and $0.7 million of non-cash equity compensation expense contained in general and administrative expenses.

The $16.6 million non-cash net unrealized losses on derivatives for the third quarter of 2009 was primarily due to the increase in future gas prices at September 30, 2009 as compared to those at June 30, 2009 and the effect of such price changes on EVEP's commodity price hedges which extend through August 2014.

For the quarter ended September 30, 2009, EVEP produced 4.3 Bcf of natural gas, 132 MBbls of crude oil and 180 MBbls of natural gas liquids, or 6.1 Bcfe. Third quarter 2009 production of 6.1 Bcfe represents a 30% increase over third quarter 2008 production of 4.7 Bcfe, primarily due to acquisitions made during 2008 and the third quarter of 2009. Third quarter 2009 production was 4% higher than second quarter 2009 production of 5.9 Bcfe, primarily due to acquisitions completed during the quarter.

John Walker, Chairman and CEO, stated about the quarter, "We are very pleased with our third quarter results. We successfully completed two Austin Chalk add-on acquisitions, announced an Appalachian Basin acquisition that we expect to close later this month, and successfully completed a 3.2 million common unit offering. In addition, our borrowing base was recently reaffirmed at $465 million. This year we have reduced our debt by $185 million, significantly increasing our liquidity and providing capacity for potential future acquisition financing."

Additional Commodity Hedge Positions

EVEP uses oil and natural gas commodity contracts to hedge a significant portion of its anticipated oil and natural gas production against the risk of commodity price volatility. Since the second quarter earnings press release dated August 10, 2009, EVEP has added the following commodity price hedge positions to its portfolio. A complete schedule of EVEP's updated commodity price hedge positions is included at the end of this release, including the hedges detailed below.

Swap Swap
Volume Price
--------------- ---------------
(Mmmbtu/Mbbls)
Natural Gas
Houston Ship Channel
Sept - Dec 2009 74 $ 4.09
2010 193 $ 5.45

Crude Oil
NYMEX
2013 146.0 $ 80.39
Jan - Aug 2014 194.4 $ 82.28

Quarterly Report on Form 10-Q

EVEP's financial statements and related footnotes are available on our third quarter 2009 Form 10-Q, which was filed today and is available through the Investor Relations/SEC Filings section of the EVEP web site at http://www.evenergypartners.com.

Conference Call

As announced on November 3, 2009, EV Energy Partners, L.P. will host an investor conference call Monday, November 9, 2009 at 10:30am (Eastern Time). Investors interested in participating in the call may dial 480-629-9866 and ask for conference ID 4181671 at least 5 minutes prior to the start time, or may listen live over the internet through the Investor Relations section of the EVEP web site at http://www.evenergypartners.com.

EV Energy Partners, L.P., is a master limited partnership engaged in acquiring, producing and developing oil and gas properties. More information about EVEP is available on the internet at http://www.evenergypartners.com.

(code #: EVEP/G)

This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by EVEP based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of EVEP, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, availability of sufficient cash flow to pay distributions and execute our business plan, prices and demand for natural gas and oil, our ability to replace reserves and efficiently develop our current reserves and other important factors that could cause actual results to differ materially from those projected as described in the EVEP's reports filed with the Securities and Exchange Commission.

Any forward-looking statement speaks only as of the date on which such statement is made and EVEP undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

Operating Statistics

Three Months Ended Nine Months Ended
September 30, September 30,
--------------------- ---------------------
2009 2008 2009 2008
---------- ---------- ---------- ----------
Production data:
Oil (MBbls) 132 111 386 301
Natural gas liquids (MBbls) 180 127 580 386
Natural gas (MMcf) 4,251 3,285 12,230 10,305
---------- ---------- ---------- ----------
Net production (MMcfe) 6,123 4,710 18,026 14,423
Average sales price per unit
(1):
Oil (Bbl) $ 64.04 $ 115.55 $ 50.95 $ 111.40
Natural gas liquids (Bbl) 32.35 68.41 27.84 65.63
Natural gas (Mcf) 3.28 9.80 3.56 9.37
Mcfe 4.61 11.39 4.40 10.77

Average unit cost per Mcfe:
Production costs:
Lease operating expenses $ 1.70 $ 2.51 $ 1.72 $ 2.12
Production taxes 0.25 0.55 0.23 0.50
---------- ---------- ---------- ----------
Total 1.95 3.06 1.95 2.62
Depreciation, depletion and
amortization 2.11 1.66 2.18 1.68
General and administrative
expense 0.74 0.60 0.71 0.68

(1) Prior to $20.6 and $(9.5) million of net realized commodity price
hedge gains (losses) for the three months ended September 30, 2009 and
September 30, 2008, respectively, and prior to $61.4 and ($23.9) million
of net realized commodity price hedge gains (losses) for the nine months
ended September 30, 2009 and September 30, 2008 respectively.




Unaudited Condensed Consolidated Balance Sheets
(in $ thousands)

September 30, 2009 December 31, 2008
------------------ ------------------
ASSETS
Current assets:
Cash and cash equivalents $ 25,365 $ 41,628
Accounts receivable:
Oil, natural gas and natural gas
liquids revenues 10,265 17,588
Related party 6,134 1,463
Other 1,270 3,278
Derivative asset 34,638 50,121
Prepaid expenses and other current
assets 312 1,037
------------------ ------------------
Total current assets 77,984 115,115

Oil and natural gas properties, net
of accumulated depreciation,
depletion and amortization;
September 30, 2009, $109,234;
December 31, 2008, $69,958 753,214 765,243
Other property, net of accumulated
depreciation and amortization;
September 30, 2009, $311; December
31, 2008, $284 152 180
Long-term derivative asset 76,127 96,720
Other assets 4,612 2,737
------------------ ------------------
Total assets $ 912,089 $ 979,995
================== ==================

LIABILITIES AND OWNERS' EQUITY
Current liabilities:
Accounts payable and accrued
liabilities $ 11,461 $ 14,063
Deferred revenues - 4,120
Derivative liability 375 2,115
------------------ ------------------
Total current liabilities 11,836 20,298

Asset retirement obligations 36,411 33,787
Long-term debt 292,000 467,000
Long-term derivative liability 68 -
Other Long-term liabilities 1,866 1,426

Commitments and contingencies

Owners' equity 569,908 457,484
------------------ ------------------
Total liabilities and owners' equity $ 912,089 $ 979,995
================== ==================





Unaudited Condensed Consolidated Statements of Operations
(in $ thousands, except per unit data)

Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2009 2008 2009 2008
--------- --------- --------- ---------
Revenues:
Oil, natural gas and natural
gas liquids revenues $ 28,198 $ 53,672 $ 79,361 $ 155,336
Gain on derivatives, net - 563 - 1,225
Transportation and
marketing-related revenues 1,351 3,169 6,401 9,649
--------- --------- --------- ---------
Total revenues 29,549 57,404 85,762 166,210
--------- --------- --------- ---------
Operating costs and expenses:
Lease operating expenses 10,421 11,828 31,075 30,542
Cost of purchased natural gas 980 2,451 3,431 7,866
Production taxes 1,500 2,593 4,143 7,221
Asset retirement obligations
accretion expense 494 381 1,508 987
Depreciation, depletion and
amortization 12,935 7,832 39,304 24,187
General and administrative
expenses 4,519 2,843 12,870 9,867
--------- --------- --------- ---------
Total operating costs and
expenses 30,849 27,928 92,331 80,670
--------- --------- --------- ---------
Operating (loss) income (1,300) 29,476 (6,569) 85,540

Other (expense) income, net:
Realized gains (losses) on
mark-to-market derivatives,
net 18,441 (10,389) 55,201 (24,767)
Unrealized (losses) gains on
mark-to-market derivatives,
net (16,572) 188,773 (34,404) 29,686
Interest expense (3,065) (3,736) (9,909) (10,563)
Other (expense) income, net (273) 90 (317) 252
--------- --------- --------- ---------
Total other (expense) income,
net (1,469) 174,738 10,571 (5,392)
--------- --------- --------- ---------
(Loss) income before income
taxes (2,769) 204,214 4,002 80,148
Income taxes (64) (75) (121) (205)
--------- --------- --------- ---------
Net (loss) income $ (2,833) $ 204,139 $ 3,881 $ 79,943
========= ========= ========= =========
General partner's interest in
net (loss) income, including
incentive distribution rights $ 1,916 $ 5,419 $ 5,099 $ 4,588
========= ========= ========= =========
Limited partners' interest in
net (loss) income $ (4,749) $ 198,720 $ (1,218) $ 75,355
========= ========= ========= =========

Net (loss) income per limited
partner unit (basic and
diluted) $ (0.23) $ 13.02 $ (0.07) $ 5.00

Weighted average limited
partner units outstanding:
Common units (basic and
diluted) 17,190 12,168 14,715 11,976
Subordinated units (basic and
diluted) 3,100 3,100 3,100 3,100
Performance Units 100 - 44 -



Unaudited Condensed Consolidated Statements of Cash Flows
(in $ thousands)
Nine Months Ended Nine Months Ended
September 30, 2009 September 30, 2008
------------------- -------------------

Cash flows from operating
activities:
Net income $ 3,881 $ 79,943
Adjustments to reconcile net
income to net cash flows
provided by operating
activities:
Asset retirement obligations
accretion expense 1,508 987
Depreciation, depletion and
amortization 39,304 24,187
Equity-based compensation cost 2,197 1,208
Amortization of deferred loan
costs 662 220
Unrealized losses (gains) on
derivatives, net 34,404 (30,911)
Other, net 350 -
Changes in operating assets and
liabilities:
Accounts receivable 6,096 (12,061)
Prepaid expenses and other
current assets 327 236
Other assets (1) (7)
Accounts payable and accrued
liabilities (358) 4,115
Deferred revenues (4,120) 3,710
Other 35 -
------------------- -------------------
Net cash flows provided by
operating activities 84,285 71,627
------------------- -------------------

Cash flows from investing
activities:
Acquisitions of oil and natural
gas properties (16,807) (182,123)
Deposit on acquisition of oil and
natural gas properties (2,500) -
Development of oil and natural
gas properties (11,506) (24,314)
------------------- -------------------
Net cash flows used in investing
activities (30,813) (206,437)
------------------- -------------------
Cash flows from financing
activities:
Debt borrowings - 197,000
Repayment of debt borrowings (175,000) -
Deferred loan costs (36) (1,227)
Proceeds from private equity
offerings, net of underwriters
discounts 149,038 -
Offering costs (435) -
Contributions from general
partner 1,641 -
Distributions to partners (44,943) (31,602)
Distributions related to
acquisitions (13,918)
------------------- -------------------
Net cash flows (used in) provided
by financing activities (69,735) 150,253
------------------- -------------------

(Decrease) increase in cash and
cash equivalents (16,263) 15,443
Cash and cash equivalents -
beginning of period 41,628 10,220
------------------- -------------------
Cash and cash equivalents - end
of period $ 25,365 $ 25,663
=================== ===================


Non GAAP Measures

We define Adjusted EBITDA as net income (loss) plus income tax provision, interest expense, net, realized (gains) losses on interest rate swaps, depreciation, depletion and amortization, asset retirement obligation accretion expense, non-cash (gains) losses on derivatives, amortization of upfront premiums paid to enter into commodity price hedge agreements and non-cash equity compensation expense. Distributable Cash Flow is defined as Adjusted EBITDA less income tax provision, interest expense, net, realized (gains) losses on interest rate swaps, amortization of upfront premiums paid to enter into commodity price hedge agreements and estimated maintenance capital expenditures.

Adjusted EBITDA and Distributable Cash Flow are used by our management to provide additional information and metrics relative to the performance of our business, including (prior to the creation of any reserves) the cash available to pay distributions to our unitholders. These financial measures indicate to investors whether or not we are generating cash flow at a level that can sustain or support an increase in our quarterly distribution rates. Adjusted EBITDA and Distributable Cash Flow are also quantitative standards used throughout the investment community with respect to performance of publicly-traded partnerships. Adjusted EBITDA and Distributable Cash Flow should not be considered as alternatives to net income, operating income, cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjusted EBITDA and Distributable Cash Flow exclude some, but not all, items that effect net income and operating income and these measures may vary among companies. Therefore, our Adjusted EBITDA and Distributable Cash Flow may not be comparable to similarly titled measures of other companies.

Reconciliation of Net Income to Adjusted EBITDA and Distributable Cash Flow
(in $ thousands)

Three Months Ended Nine Months Ended
September 30, September 30,
-------------------- --------------------
2009 2008 2009 2008
--------- --------- ---------- ---------

Net (loss) income ($ 2,833) $ 204,139 $ 3,881 $ 79,943
Add:
Income taxes 64 75 121 205
Interest expense, net 3,056 3,645 9,784 10,321
Realized losses on interest
rate swaps 2,177 857 6,151 857
Depreciation, depletion and
amortization 12,935 7,832 39,304 24,187
Asset retirement obligation
accretion expense 494 381 1,508 987
Non-cash losses (gains) on
commodity derivatives 16,572 (189,336) 34,404 (30,911)
Amortization of premiums on
derivatives 209 - 399 -
Non-cash equity compensation
expense 897 (53) 2,197 1,208
--------- --------- ---------- ---------
Adjusted EBITDA $ 33,571 $ 27,540 $ 97,749 $ 86,797

Less:
Income taxes 64 75 121 205
Interest expense, net 3,056 3,645 9,784 10,321
Realized losses on interest
rate swaps 2,177 857 6,151 857
Amortization of premiums on
derivatives 209 - 399 -
Estimated maintenance capital
expenditures (1) 8,572 8,950 27,012 27,405
--------- --------- ---------- ---------
Distributable Cash Flow $ 19,493 $ 14,013 $ 54,282 $ 48,009

(1) Estimated maintenance capital expenditures are those expenditures
estimated to be necessary to maintain the production levels of our oil and
gas properties over the long term and the operating capacity of our other
assets over the long term.






Hedge Summary Table (as of 11/09/2009)

Swap Swap Collar Collar Collar Put Put
Volume Price Volume Floor Ceiling Volume Strike
---------- ------- --------- ------- ------- ------ ------
(Mmmbtu/ (Mmmbtu/ (Mmmbtu/
Mbbls) Mbbls) Mbbls)
Natural Gas
4Q 2009
NYMEX 828 $ 8.05 92 $ 7.50 $ 8.80
NYMEX 368 $ 7.75 $ 9.15
NYMEX 184 $ 8.00 $ 10.55
NYMEX 460 $ 4.00
Dominion
Appalachia 589 $ 9.03
El Paso Permian 322 $ 7.80
Houston Ship
Channel 659 $ 7.29
MichCon
Citygate 460 $ 8.27
2010
NYMEX 5,950 $ 8.00 548 $ 7.50 $ 10.00
Dominion
Appalachia 2,044 $ 8.65
El Paso Permian 913 $ 7.68
Houston Ship
Channel 553 $ 5.78 1,278 $ 7.25 $ 9.55
MichCon
Citygate 1,825 $ 8.34
2011
NYMEX 5,585 $ 8.18
Dominion
Appalachia 913 $ 8.69 1,095 $ 9.00 $ 12.15
El Paso Permian 913 $ 9.30
Houston Ship
Channel 1,278 $ 8.25 $ 11.65
MichCon
Citygate 1,643 $ 8.70 $ 11.85
2012
NYMEX 5,527 $ 8.63
Dominion
Appalachia 1,830 $ 8.95 $ 11.45
El Paso Permian 732 $ 9.21
Houston Ship
Channel 1,098 $ 8.25 $ 11.10
MichCon
Citygate 1,647 $ 8.75 $ 11.05
2013
NYMEX 3,285 $ 7.23
El Paso Permian 1,095 $ 6.77
El Paso San
Juan 1,095 $ 6.66
Jan - Aug 2014
NYMEX 1,215 $ 7.06
Crude Oil
(NYMEX)
4Q 2009 162.7 $ 93.25 11.5 $ 62.00 $ 73.90
2010 688.0 $ 89.81
2011 219.0 $103.66 401.5 $110.00 $166.45
2012 205.0 $104.05 366.0 $110.00 $170.85
2013 511.0 $ 78.64
Jan - July 2014 106.0 $ 84.60
Jan - Aug 2014 194.4 $ 82.28
Interest Rate
Swap
Agreements:
Notional Fixed Floating
Amount Rate Rate
(in $ mill)
October 2009 -
July 2012 $ 200 4.163% 1mo LIBOR
October 2009 -
Sept 2012 $ 40 2.145% 1mo LIBOR


EV Energy Partners, L.P., Houston
Michael E. Mercer
713-651-1144
http://www.evenergypartners.com

[R-BgO]

Jan 19, 2010 11:05 ET
EV Energy Partners to Present at IPAA Oil & Gas Investment Symposium
HOUSTON, TX--(Marketwire - January 19, 2010) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced that Mr. Mark Houser, President, COO and Director, will be presenting at the IPAA 2010 Oil & Gas Investment Symposium in Florida on Tuesday, January 19, 2010 at 2:05 pm E.S.T.
Interested parties can access the IPAA presentation during a live webcast via the following link: http://www.investorcalendar.com/CEPage.asp?ID=154199. A replay of the webcast will be available approximately two hours following the event and will remain available until Tuesday, Jan 26, 2010.
In addition, the presentation will be available on EVEP's website at http://www.evenergypartners.com in the Investor Relations/Presentations section.

[R-BgO]

Feb 08, 2010 06:00 ET
EV Energy Partners to Acquire Appalachian Basin Oil and Gas Properties

HOUSTON, TX--(Marketwire - February 8, 2010) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced it, along with certain institutional partnerships managed by EnerVest, Ltd., has signed an agreement to acquire oil and natural gas properties in the Appalachian Basin from Range Resources Corporation (NYSE: RRC). EVEP will acquire a 46.15 percent interest in these assets for $151.8 million.

The acquisition, which has been approved by the Board of Directors, is expected to close by the end of March 2010 and is subject to customary closing conditions and purchase price adjustments.

The acquisition is comprised of wells primarily producing from the Clinton and Medina formations, with substantially all of the proved reserves and production in Ohio. In addition, there is significant upside potential for drilling in the Knox group formation, where EnerVest has extensive drilling experience.

The properties, and EVEP's share of reserves and production, include:

- 3,306 active wells (3,018 operated)

- Estimated proved reserves as of Jan 1, 2010, net to EVEP, (based on
recent strip prices) of approximately 78.8 BCFE plus currently estimated
probable and possible reserves (most of which are possible), primarily in
the Knox group formation, of approximately 19.7 BCFE.

- 75 percent proved developed producing (58.7 BCFE)

- 70 percent natural gas and 30 percent crude oil

- Premium natural gas pricing due to BTU content and location

- Current daily production net to EVEP's interest of approximately 11.3
MMCFE

- 2010 Reserves-to-production ratio of 20 years (15 years for proved
developed producing)

- Approximately 465,000 gross acres (193,000 net to EVEP's interest), with
over 90 percent held by production

- 388 currently identified proved undeveloped drilling locations, primarily
in the Clinton and Medina formations

- Significant Knox group formation potential

John B. Walker, Chairman and CEO, said, "This acquisition is our second in the Appalachian Basin within the past six months. It provides EVEP with additional long-life base production and development drilling opportunities in an area where we have a sizeable asset position and substantial experience. In addition, it provides us with a significant opportunity for future production growth through drilling in the Knox group formation, a play where EnerVest has had drilling success over the past six years."

For 2010 from the date of closing, EVEP expects the following for the properties to be acquired:

Net Daily Production:
Natural gas (Mcf) 7,300 - 7,900
Crude oil (Bbls) 520 - 560
Total (Mcfe) 10,420 - 11,260

Price Differentials vs. NYMEX:
Natural gas (% of NYMEX Natural gas) 106% - 114%
Crude oil (% of NYMEX Crude Oil) 85% - 94%


Lease operating expenses ($/Mcfe) $1.30 - $1.45
Production and other taxes (% revenues) 0.8% - 1.2%
Incremental monthly general & administrative
expense ($thous) 80 - 110

In conjunction with the acquisition, and consistent with its strategy of hedging a significant percentage of its production, EVEP intends to enter into arrangements to hedge a substantial portion of the acquired production volumes at or prior to closing.

In addition, since the Partnership's third quarter 2009 earnings press release dated November 9, 2009, EVEP has entered into the following additional commodity price hedges for its existing production:

Swap Swap Collar Collar Collar
Volume Price Volume Floor Ceiling
--------- --------- --------- --------- ---------
Mmbtu Mmbtu

Natural Gas:
NYMEX
1Q 2010 378,000 $ 5.710
2Q 2010 291,200 $ 5.695
3Q 2010 202,400 $ 5.860
4Q 2010 110,400 $ 6.335

2010
Columbia Appalachia 110,230 $ 5.745
Dominion Appalachia 393,470 $ 5.795

2011
NYMEX 440,555 $ 5.850 $ 7.550

Gas Basis Differentials:
2010
El Paso Permian 365,000 -$ 0.275
Panhandle TX-OK 730,000 -$ 0.300
El Paso San Juan 1,642,500 -$ 0.340

2011
Dominion Appalachia 346,020 $ 0.198
Columbia Appalachia 94,535 $ 0.150

EV Energy Partners, L.P., is a master limited partnership engaged in acquiring, producing and developing oil and natural gas properties. More information about EVEP is available on the internet at www.evenergypartners.com.

[R-BgO]

Feb 09, 2010 08:55 ET
EV Energy Partners Announces Pricing of Public Offering of Common Units

HOUSTON, TX--(Marketwire - February 9, 2010) - EV Energy Partners, L.P. (NASDAQ: EVEP) today announced that its public offering of 3,000,000 common units was priced at $28.08 per unit to the public. The Partnership expects the delivery to occur on February 12, 2010. In addition, the underwriters have an over-allotment option to purchase up to 450,000 common units.

Assuming no exercise of the over-allotment option, the Partnership expects to receive net proceeds from the offering of approximately $82.2 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, to fund part of the purchase price of the recently announced Appalachian acquisition, which is expected to close by March 31, 2010. Pending the use of the proceeds for funding the closing of the Appalachian acquisition (or should such acquisition not be completed, potential future acquisitions), the Partnership intends to use the proceeds to repay indebtedness under its existing revolving credit facility.

RBC Capital Markets, Citi, Raymond James and Wells Fargo Securities acted as joint book-running managers for the offering. The offering of common units will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained from:

[the_artlove]

Antwort auf Beitrag Nr.: 38.912.089 von R-BgO am 09.02.10 17:33:01

Hallo R-BgO

Du hast doch sicher auch Dividende bekommen.
Meine Bank hat da komischerweise pauschal 35 % ausländische QSt. abgezogen (dafür keine dt. mehr).
Ist das korrekt. ich hatte da immer 30 % im Hinterkopf??

Grüsse und Dank

[R-BgO]

Antwort auf Beitrag Nr.: 38.948.612 von the_artlove am 16.02.10 09:16:21

Bei mir sind's auch 35%; aber dafür ist der Restbetrag echt netto, selbst ohne Progressionsvorbehalt.

[R-BgO]

EV Energy Partners: A Long-Term Buy Candidate 1 comment
by: Pitbull Trading April 07, 2010 | about: EVEP / UNG / USO


EV Energy Partners (EVEP) is a company that is situated for growth and increasing shareholder value in the future. EVEP is a relatively small company with a market cap of only $890 million, and has been actively acquiring natural gas and oil assets during the economic downturn of the recent past.

Since going public in the fall of 2006, EVEP has returned 65% to shareholders not including their distributions. The company has steadily increased it's distribution from $0.40 to $0.75 per quarter, and the CEO has stated previously that he is committed to maintaining the current distribution. At $0.75 per quarter, this issue currently yields north of 9% and offers a fantastic opportunity for growth in both share price and distribution as a long-term holding.

According to Google Finance:

EV Energy Partners, L.P. is engaged in the exploration, development and production of oil and natural gas properties. During the year ended December 31, 2008, the Company’s properties were located in the Appalachian Basin (in Ohio and West Virginia), Michigan, the Monroe Field in Northern Louisiana, Central and East Texas (which includes the Austin Chalk area), the Permian Basin, the San Juan Basin and the Mid-Continent areas in Oklahoma, Texas, Kansas and Louisiana. In 2008, the Company had estimated net proved reserves of 5.9 million barrels (MMBbls) of oil, 266 billion cubic feet (Bcf) of natural gas and 9.6 MMBbls of natural gas liquids, or 359.2 billion cubic feet equivalent (Bcfe).

In May 2008, the Company acquired oil properties in South Central Texas. In August 2008, the Company acquired oil and natural gas properties in Michigan, Central and East Texas, the Mid-Continent area (Oklahoma, Texas Panhandle and Kansas) and Eastland County, Texas.

John Walker, Chairman and CEO said:

We are very pleased with our results for 2009. We completed one Appalachian Basin and two Austin Chalk add-on acquisitions, as well as two successful equity offerings to finance the acquisitions and increase liquidity. During the year, we reduced our debt by $165 million.

To date in 2010 we have announced a sizeable Appalachian Basin acquisition, which we expect to close by the end of March, and completed a 3.45 million common unit offering to finance the acquisition and provide capacity for additional acquisitions.

Jon Walker has been a prudent and efficient CEO in his time with EVEP. He is a significant individual shareholder in the company and has taken many actions to increase shareholder value over the years. Among these are strategic acquisitions of valuable assets at good prices and conducting timely equity offerings to satisfy liquidity, growth and cash needs. Mr. Walker still appears to be confident in the future prospects for EVEP, as he just recently bought 10,000 shares to bring his total up to 113,000.

Some excerpts of the most recent financial statement:

Full Year 2009 Results

*

Adjusted EBITDA and distributable cash flow for 2009 were $132.2 million and $75.5 million, increases of 11% and 20%, respectively, over 2008 primarily due to acquisitions made during the second half of 2008 and in 2009, partially offset by lower realized natural gas prices. Adjusted EBITDA and distributable cash flow are described in the attached table under "Non-GAAP Measures."

*

Production for 2009 was 16.5 Bcf of natural gas, 514 MBbls of crude oil and 768 MBbls of natural gas liquids, or 24.2 Bcfe. This was an 18% increase over 2008 production of 20.5 Bcfe, primarily due to acquisitions made during the second half of 2008 and in 2009.

Year-End 2009 Estimated Net Proved Reserves

*

EVEP's year-end 2009 estimated net proved reserves were 365.6 billion cubic feet equivalents (Bcfe), a 2% increase over year-end 2008 estimated net proved reserves. Approximately 70% were natural gas, 18% were natural gas liquids and 12% were crude oil. In addition, 93% were categorized as proved developed. At December 31, 2009 the present value of future net pre-tax cash flows discounted at 10% was $352.8 million and the standardized measure of our estimated net proved reserves was $351.5 million.

In summary, EV Energy Partners is a company that is heavily weighted in one of the asset classes I think is undervalued right now (Nat.Gas), as well as having exposure to oil which is valued with a higher premium. This should allow the company to maintain their currently solid earnings and distributions as well as increase revenues when natural gas prices rise.

Being a smaller company, there is plenty of room for future acquisitions to increase production, assets, and proven reserves in the future. The CEO John Walker has proven to be a very capable manager of the company who has shown he is dedicated to increasing shareholder value ever since the shares first traded publicly. Mr. Walker puts his money where his mouth is and shows the utmost confidence in the future of EVEP by placing a significant portion of his personal wealth into company stock.

EVEP clearly stands to benefit from the increased needs of the world's populations' increasingly insatiable appetite for energy. With the prudent management in place, strong fundamentals and proven reserves, and a very solid distribution yield, EVEP is a stock you can buy and hold for many, many years to come.

Disclosure: No positions

[R-BgO]

Ausschüttung minimal von 0,756 auf 0,757 angehoben....

[R-BgO]

HOUSTON, TX -- (Marketwire) -- 08/10/10 -- EV Energy Partners, L.P. (NASDAQ: EVEP) today announced that it has commenced an underwritten public offering of 3.0 million of its common units representing limited partner interests. The Partnership also intends to grant the underwriters a 30-day option to purchase up to 450,000 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, to fund part of the purchase price of the recently announced Mid-Continent region acquisition, which is expected to close by the end of September 2010. Pending the use of the proceeds for funding the closing of the Mid-Continent region acquisition (or should such acquisition not be completed, potential future acquisitions), the Partnership intends to use the proceeds to repay indebtedness under its existing revolving credit facility.

Citi, Raymond James, RBC Capital Markets, Wells Fargo Securities and UBS Investment Bank will act as joint book-running managers of the underwritten offering. This offering of common units will be made only by means of a preliminary prospectus supplement and the accompanying base prospectus, copies of which may be obtained from:

Citigroup Global Markets Inc.
Attn: Prospectus Department
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, New York 11220
Email: [e-mail]
Telephone: [phone]

[R-BgO]

HOUSTON, TX -- (MARKET WIRE) -- 12/30/10 -- EV Energy Partners, L.P. (NASDAQ: EVEP) today announced it, along with
certain institutional partnerships managed by EnerVest, Ltd., closed the previously announced Barnett Shale oil and natural
gas property acquisition from Talon Oil & Gas LLC. EVEP acquired a 31.02% interest in these assets for an adjusted purchase
price of $295.9 million, subject to customary post-closing adjustments. The acquisition was funded primarily with borrowings
under its credit facility. EVEP's outstanding debt after funding of the acquisition is $619 million on a revised borrowing base of
$700 million.

[R-BgO]

December 22, 2011
EV Energy Partners Announces Closing of Barnett Shale Acquisitions
HOUSTON, TX -- (MARKET WIRE) -- 12/22/11 -- EV Energy Partners, L.P. (NASDAQ: EVEP) today announced it, along with certain institutional partnerships managed by EnerVest, Ltd., has closed both previously announced Barnett Shale acquisitions from two unrelated companies. EVEP acquired an approximate 31.5 percent interest in the combined assets for an adjusted purchase price of $345.6 million, subject to customary post-closing adjustments. The acquisitions were funded with borrowings under its revolving credit facility. The estimated proved reserves for these acquisitions as of Jan. 1, 2012 at SEC prices, net to EVEP, are 364.2 Bcfe.

The purchase price and estimated proved reserves were reduced from those contained in EVEP's Nov. 3, 2011 acquisition announcement because certain of the properties were not acquired, primarily due to remaining closing conditions for those properties. These property interests will be acquired if and when such remaining closing conditions are satisfied.

In conjunction with these acquisitions, EVEP has increased the borrowing base under its credit facility to $800 million. Debt currently outstanding under the facility, after funding of these acquisitions, is $660 million.

[R-BgO]

immer wieder im Februar:


February 15, 2012
EV Energy Partners Announces Closing of Common Unit Offering and Exercise of Over-Allotment Option
HOUSTON, TX -- (MARKET WIRE) -- 02/15/12 -- EV Energy Partners, L.P. (NASDAQ: EVEP) today announced 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.

[R-BgO]

dehistorize

[R-BgO]

verkauft bis auf ein Erinnerungsstück

[R-BgO]

Antwort auf Beitrag Nr.: 48.240.604 von R-BgO am 06.11.14 11:54:12

ups, echter haircut

fast gedrittelt seitdem

[R-BgO]

öfter mal was Neues:

So ein Scheiß!

Der deutsche Fiskus läuft wieder mal Amok.

Habe anläßlich umfangreicher Nachbuchungen von comdirect erfahren, dass Monsieur le Schäuble per Schreiben vom 18.1.2016 folgendes erließ:

"Einkommensteuerrechtliche Behandlung der Erträge aus einer Limited Liability Company (LLC), Limited Partnership (LP) oder einer Master Limited Partnership (MLP)

Bestimmte Gesellschaften - beispielsweise in der Rechtsform einer LLC, LP oder einer MLP -, deren Anteile als depotfähige Wertpapiere an einer Börse gehandelt werden, können nach ausländischem Steuerrecht ein Wahlrecht zur Besteuerung als Kapital- oder Personenge- sellschaft haben. Erträge aus solchen Gesellschaften sind für das Steuerabzugsverfahren auch dann als Dividendenerträge i. S. des § 20 Absatz 1 Nummer 1 EStG zu behandeln, wenn nach ausländischem Steuerrecht zur Besteuerung als Personengesellschaft optiert wurde.

Die Anrechnung der ausländischen Quellensteuer findet allein im Veranlagungsverfahren statt. Hinsichtlich der steuerlichen Einordnung beispielsweise einer LLC, LP oder einer MLP als Personengesellschaft oder Kapitalgesellschaft gelten die Grundsätze des BMF-Schreibens vom 19. März 2004 (BStBl I S. 411) unter Berücksichtigung der Ausführungen in Textzif- fer 1.2 des BMF-Schreibens vom 26. September 2014 (BStBl I S. 1258)."


Ergebnis:
Von 100% Distribution lassen die Amis eh' schon nur 60,4% durch und davon tun sich unsere nochmal 26,375% weg. Es bleiben also 34%, die Steuerlast beträgt 76%!.

Von der Anrechnung im Veranlagungsverfahren erwarte ich mir wenig, da in den referenzierten älteren Schreiben ziemlich klar wird, dass die börsennotierten MLP nach deutschem Recht als Körperschaften einzustufen und deswegen keine US-Steuern anzurechnen sind.


Habe inzwischen alles verkauft oder ein Erinnerungsstück behalten bei:

Hi-Crush, Emerge Energy Services, Enbridge Energy Partners, Williams Partners, Energy Transfer Partners (Komplettverkauf)

Northern Tier Energy, Amerigas, Energy Transfer Equity, CONE Midstream, CNX Resources, Enterprise Products, Legacy Reserves, CSI Compressco, USA Compression, Archrock Partners, Buckeye Partners, Blueknight Partners, Boardwalk Pipeline, Alliance Resource Partners, Alliance Holdings, EV Energy Partners, Cheniere Energy Partners, Linn Energy (Erinnerungsstück(e))

Scheinbar ausgenommen vom Problem ist nur Enbridge Energy Management, weil dort nicht die US-Steuer vorabgezogen wird.


Wenigstens sollten die Verluste nun anrechenbar sein...


Werde trotz meiner Skepsis natürlich versuchen, im Anrechnungsverfahren was zu erreichen.

Wie schon gesagt: So ein Scheiß!

[R-BgO]

https://seekingalpha.com/article/4061207-bag-23-percent-yiel…

[R-BgO]

...hatte schon länger keine Insolvenz mehr:


EV Energy Partners Announces Agreement on Comprehensive Restructuring

HOUSTON, March 14, 2018 (GLOBE NEWSWIRE) --

EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries (collectively, “EVEP” or the “Company”) today announced that the Company entered into a restructuring support agreement (“RSA”) with certain holders of approximately 70% of its 8.0% senior notes due 2019 (the “Senior Notes”) and lenders holding approximately 94% of the principal amount outstanding under the Company’s reserve-based lending facility on March 13, 2018. The RSA was also signed by EnerVest, Ltd. (“EnerVest”) and EnerVest Operating, L.L.C. (“EnerVest Operating”) as they will continue to provide services to the Company.

The RSA contemplates a comprehensive restructuring of the Company’s capital structure, to be implemented through a proposed pre-packaged plan of reorganization (the “Plan”) that will significantly deleverage the Company’s balance sheet. Consistent with the RSA, the Company will commence the solicitation of votes to accept or reject the Plan today and commence its prepackaged bankruptcy case in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) on or before April 8, 2018. Neither EnerVest nor EnerVest Operating is seeking Chapter 11 bankruptcy relief.

More specifically, the Plan, which is subject to confirmation by the Bankruptcy Court, contemplates the equitization of all of the Company’s Senior Notes and the entry into an amended reserve-based lending facility with the Company’s existing lenders. Additionally, the Plan contemplates that suppliers, customers and other holders of general unsecured claims will be paid in full in the ordinary course of business and otherwise be unimpaired. The Company does not plan to reject any of its existing contracts as part of the restructuring.

The Company expects EnerVest Operating to continue as the primary operator for its oil and natural gas properties in the Barnett Shale, San Juan Basin, Appalachian Basin, Michigan, Central Texas, Permian Basin, Monroe Field and Karnes County, TX.

“We believe that this provides the best path forward for our Company to reduce leverage, maintain access to liquidity and maximize value for all of our stakeholders. During the restructuring and upon emergence, we expect to have ample liquidity and do not anticipate the need for debtor-in-possession financing or other additional capital,” said Michael Mercer, President and CEO.

Upon consummation, the restructuring would, among other things:

*Amend the Company’s reserve-based lending facility;

*Eliminate more than $343 million of principal and accrued interest with respect to the Senior Notes, in exchange for 95% of the reorganized Company’s equity as of the effective date of the Plan (subject to dilution by a management incentive plan and warrants for existing unit holders);

*Pay all supplier, service provider, customer, employee, royalty and working interest obligations in full in the ordinary course; and

*Provide the Company’s existing unitholders with consideration in the form of 5% of the reorganized Company’s equity (subject to dilution by a management incentive plan and warrants for existing unitholders) and 5-year warrants to acquire up to 8% of the equity in the reorganized Company.

The Company’s existing unitholders may be allocated taxable income and loss in connection with the restructuring, including cancellation of indebtedness income (“CODI”), if any, that could result from the court-supervised reorganization process. In general, CODI will be allocated to persons who are deemed to hold the units when the events giving rise to such CODI occur. The Company’s existing unitholders are not eligible to vote on the Plan but are encouraged to refer to the RSA and the Disclosure Statement for additional information, which is included with the Form 8-K filed with the Securities and Exchange Commission today.

The Company intends to commence solicitation on the Plan today. Votes on the Plan must be received by Prime Clerk, LLC, the Company’s voting agent, by March 30, 2018, unless the deadline is extended. The record date for voting has been set as March 12, 2018. Subject to approval by EVEP’s board of directors, the Company anticipates filing voluntary petitions for relief under chapter 11 in the Bankruptcy Court by April 8, 2018. Subject to Bankruptcy Court approval of the Plan and the satisfaction of certain conditions to the Plan and related transactions, the Company expects to consummate the Plan and emerge from chapter 11 before the end of the second quarter of 2018. There can be no assurances that the Plan will be approved or confirmed by the Bankruptcy Court, by that time, or at all.

This press release is for information purposes only and is not intended to be, and should not in any way be construed as, a solicitation of votes of noteholders or other investors regarding the Plan, and shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sale of these securities in any state in which such solicitation or sale would be unlawful prior to registration or qualification of these securities under the laws of any such state. Any securities to be issued pursuant to the Plan will not be or have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. Any solicitation or offer to sell will be made pursuant to and in accordance with the Disclosure Statement distributed to holders of the Company’s outstanding Senior Notes and lenders under the Company’s reserve-based lending facility and applicable law.

More detailed information on the restructuring can be found in the RSA and Disclosure Statement which is included with the Form 8-K filed with the Securities and Exchange Commission today. Further information on the Company as well as the restructuring process and plan will be included in a disclosure document which will be used in the solicitation process.

[R-BgO]

Antwort auf Beitrag Nr.: 57.749.497 von R-BgO am 13.05.18 16:10:52

ist meine 65.

over-and-out

[R-BgO]

Friedhof der Insolvenzen