EV Energy to draw from revolver for acquisition of four properties

By Wendy Van Sickle

Columbus, Ohio, Sept. 3 – EV Energy Partners, LP will draw from its revolving credit facility to fund part of its $259 million purchase of four oil and natural gas properties, according to a press release.

The properties are in the Appalachian Basin, San Juan Basin, Michigan and the Austin Chalk region.

The acquisitions are expected to close on Oct. 1. The company also plans to use available cash to fund a portion of the consideration.

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

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