EV Energy Partners (EVEP) Announces Multi-Year Exploration Joint Venture Agreement with Apache (APA)
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EV Energy Partners, L.P. (Nasdaq: EVEP) and certain institutional partnerships managed by EnerVest, Ltd., (EnerVest) have entered into a multi-year exploration joint venture agreement with Apache Corp. (NYSE: APA) in Central and East Texas. The agreement covers zones below the Austin Chalk in more than 400,000 acres owned by EVEP and EnerVest.
EVEP and EnerVest will contribute the acreage and data, while Apache, as operator for these deeper zones, will contribute its exploration and operations expertise and the initial exploration capital.
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