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EV Energy Partners LP Message Board

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  • fredericababe fredericababe Mar 13, 2012 7:24 PM Flag

    Chesapeake Announces Partnership with EVEP

    i don't see how this deal will prevent them from selling their acerage. i initially had the same thought as you.

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    • EVEP is going to keep its
      royalty at 7.5% off the top
      of growing production...that is in my
      estimation worth about a billion
      on its own.

      Given the rapid tech improvements for
      horizontal drilling in the last few years,
      they should be able to rapidly ramp-up
      this area. We probably won't see top production until 2016 before it levels out for. Imagine what our royalty stream will
      be that year!

      This announcement shows increased public conviction in the UTICA and will be yet another income stream for EVEP.

      We will probably trade out 150k net land
      position for for about $2 billion worth of high PDP assets, but will keep the royalty on all land.

      When completed this will get us to the low 2's on debt to EBIDTA, just where we want
      to be with huge and growing income streams
      from our new positions.

 
EVEP
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