EV Energy Partners Announces Reaffirmation of $450 million Borrowing Base
November 01 2016 - 8:15AM
EV Energy Partners, L.P. (Nasdaq:EVEP) today announced that it has
completed its fall 2016 semi-annual borrowing base redetermination
under its revolving credit facility (“Facility”). The
borrowing base was reaffirmed at $450 million and there were no
changes to the existing terms or conditions of the Facility.
A total of $281 million of borrowings is currently outstanding
under the Facility, leaving $169 million of available
capacity.
The next scheduled borrowing base redetermination will be April
2017.
About EV Energy Partners, L.P.
EV Energy Partners, L.P. is a Houston based 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.
(code #: EVEP/G)
Forward Looking Statements
This press release may include statements that are not
historical facts which are "forward-looking statements" within the
meaning of the U.S. Private Securities Litigation Reform Act of
1995. These statements include information about, future
plans, our reserve quantities and the present value of our
reserves, estimates of maintenance capital and production amounts
and other statements which include words such as "anticipates,"
"plans," "projects," "expects," "intends," "believes," "should,"
and similar expressions of forward-looking information.
Forward-looking statements are inherently uncertain and necessarily
involve risks that may affect the business prospects and
performance of EVEP. 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.
Actual results may differ materially from those contained in
the press release. Such risks and uncertainties include, but
are not limited to, changes in commodity prices, changes in reserve
estimates, requirements and actions of purchasers of properties,
exploration and development activities, the availability and cost
of financing, the returns on our capital investments and
acquisition strategies, the availability of sufficient cash flow to
execute our business plan and general economic conditions.
Additional information on risks and uncertainties that could affect
our business prospects and performance are provided in the most
recent reports of EVEP with the Securities and Exchange
Commission. You are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. All forward-looking statements included
in this press release are expressly qualified in their entirety by
the foregoing cautionary statements.
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.
EV Energy Partners, L.P., Houston
Nicholas Bobrowski
713-651-1144
http://www.evenergypartners.com