EV Energy Partners, L.P. (EVEP) Purchases Producing Oil and Gas Properties
EV Energy Partners, L.P. reported that the company has signed a deal to purchase producing oil and gas properties in the midcontinent area of the United States. EV Energy Partners, L.P. paid $123 million to Petrohawk Energy (HK) for properties in East Texas, and the Anadarko and Arkoma basins. The company said that the properties are producing oil and gas from several different formations. EV Energy Partners, L.P. said that the properties had current production net to the company of 15.5 million cubic feet equivalent per day. The estimated proved reserves totaled 74.5 billion cubic feet equivalent as of 7/1/2010.…