EV Energy Partners CEO Resigning, VP/CFO Promoted

Changes are coming at the top of EV Energy Partners (EVEP). Mark Houser, current president and CEO, will resign at the end of February. Houser will remain on the board. In his place, EVEP is promoting Michael Mercer, senior VP and CFO, to the top post of president/CEO. EVEP says the move was planned. EVEP, you may recall, has been trying to unload a hoard of Utica Shale acreage (more than a half million acres) for the past three years–largely unsuccessfully (see EVEP’s Mark Houser Says More Utica Acreage Sales Ahead in 2014). They recently sold their interest in Cardinal Midstream to a pair of South Korean companies (see Total, EVEP Sell Interest in Cardinal Midstream to S Koreans for $612M). Perhaps Mercer will have more luck shopping their considerable inventory of Utica acreage?…

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