EV Energy to repay revolver via 21% Utica East interest divestment

By Tali Rackner

Norfolk, Va., April 6 – EV Energy Partners, LP plans to repay all amounts outstanding under its revolving credit facility with the proceeds from its $575 million divestment of its entire 21% interest in Utica East Ohio Midstream LLC (UEO), to Utica Gas Services, LLC, according to a press release.

The remainder will be held for future activities.

Availability under the revolving credit facility may be used to fund future activities, including acquisitions of oil and natural gas properties.

EV Energy is a Houston-based acquirer, producer and developer of oil and gas properties.

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