EV Energy: Changing from Big Deals to Small for Utica Land Sale

In September last year, EV Energy Partners/EnerVest put more than a half million acres of Utica Shale acreage on the market. A deal for 104,000 of those acres seemed to be almost done, but in April of this year, the deal fell apart (see EV Energy Partners Deal to Sell 104K Utica Acres Dead, What Now?). According to EVEP’s president and CEO, Mark Houser, last year everyone wanted deals for large blocks of acreage. This year? People want small acreage deals. So EVEP is changing their strategy in order to dump some of their Utica Shale holdings.

Houser gave a presentation yesterday at the Credit Suisse MLP and Energy Logistics Conference. In his speech and the following Q&A, he gave a comprehensive update on EVEP’s Utica Shale program. MDN has extracted out his comments about the Utica (see below), and grabbed the slide deck he refers to (embedded below)…

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