EV Energy Selling 539K Utica Shale Acres by Dec 31
EV Energy Partners, part of EnerVest Ltd., is in the final stages of a deal to sell its interest in 539,000 Utica Shale acres in Ohio, according to EV founder and chairman John Walker. (See this MDN story for background on how EV amassed such a large stake in the Utica.) When the final deal is done, it may bring in as much as $6 billion for EV.
Here’s what we know about the deal and what motivated it, from an investors call with Walker on Friday: