EV Energy Partners LP, Houston, (Nasdaq: EVEP) and certain institutional partnerships managed by EnerVest Management Partners Ltd., Houston, have closed a deal to acquire properties in Central and East Texas from Anadarko Petroleum Corp., The Woodlands, Texas, (NYSE: APC) for a total $728 million. The EV Energy portion of the deal is for $97 million, with assets including 1,297 active wells (892 operated) producing primarily from the Austin Chalk formation in 10 counties. Net production is approximately 13.8 million cubic feet of gas equivalent per day. Proved reserves are approximately 39 billion cubic feet equivalent (82% proved developed producing, 52% gas). The EnerVest portion is for $631 million, with 1,300 wells with proved reserves of 324 billion cubic feet equivalent. EnerVest is the general partner of EV Energy.
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