EnerVest Not Included in Planned EVEP Chapter 11 Restructuring
March 14 2018 - 6:27AM
EV Energy Partners, L.P. (NASDAQ:EVEP) and its subsidiaries
(collectively, “EVEP” or the “Company”) today announced that it has
entered into a restructuring support agreement (“RSA”) with certain
banks and certain holders of its senior notes. The RSA
contemplates a comprehensive restructuring of the Company’s capital
structure, to be implemented through a proposed pre-packaged plan
of reorganization that will significantly deleverage the Company’s
balance sheet.
Neither EnerVest, Ltd., nor EnerVest Operating, L.L.C., is
seeking Chapter 11 bankruptcy relief.
EnerVest Operating, L.L.C., will continue to operate assets for
EVEP.
Houston-based EnerVest, founded in 1992, acquires, develops and
operates oil and gas fields in 14 states on behalf of its
institutional investors. More information about EnerVest is
available at www.enervest.net.
Contact:
J. Andrew West, 713-659-3500