Acquisitions & Divestitures

The MLP EV Energy Partners LP, Houston, (Nasdaq: EVEP) and privately held parent EnerVest Ltd. plan to acquire oil and gas properties in the Ohio Appalachian Basin from Range Resources Corp., Fort Worth, Texas, (NYSE: RRC) for a combined $330 million. EVEP will acquire a 46.15% interest in these assets for $151.8 million.

The Ohio tight gas sand properties include approximately 465,000 gross acres (418,000 net) and 3,306 wells (3,018 operated) producing primarily from the Clinton and Medina formations. Net production is approximately 25 million cubic feet equivalent per day ...