EVEP Profile
EV Energy Partners, L.P. (EVEP) is an independent exploration and production master limited partnership (MLP) that focuses on acquiring, producing and developing oil and natural gas properties. The company primarily operates in the Barnett Shale, San Juan Basin, the Appalachian Basin and the Permian Basin.
EVEP was founded in 2006 and is headquartered in Houston, Texas. The company is focused on generating sustainable distributions for its unitholders and has historically paid out a significant portion of its cash flow in distributions.
However, the company has faced challenges in recent years, with declining production volumes and rising debt levels. In 2019, EVEP filed for bankruptcy and emerged as a reorganized company with a new management team.
As of my cutoff date of September 2021, EVEP's stock was delisted from the NASDAQ and was trading on OTC markets. The company's financial performance has remained weak, with declining revenues and significant losses in recent years.
|
