Finally, EV Energy Partners (EVEP) is an Enervest upstream MLP with a current yield of 4.30% and exposure to Utica Shale upside. EV Energy Partners is probably our favorite Utica play.EV Energy has over 600,000 gross acres in Ohio – the vast majority of which is in the strategic eastern portion of the state. Their net Utica Shale exposure is 150,000 net acres plus an overriding royalty interest on another 80,000 acres. Some of their Utica acreage is operated by Chesapeake Energy. So far they have 9 wells drilled or drilling in the Utica Shale and 7 additional wells permitted and numerous other Utica wells in the planning stage.
Saw that and did a cartwheel! Now, if our stock would just get back down to $50 (not that long ago and with the same dynamics more or less..shale acreage, etc) we can enjoy "Our favorite Utica play!" Today was grief pure and simple for those still heavily vested in the market...really sad unless you're sitting on a pile of cash and can do some bargain hunting that will be available shortly.