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Ev Energy Partners Lp
Ev Energy Partners, L.P. (EEP) was a master limited partnership (MLP) that focused on acquiring, producing, and developing oil and natural gas properties in the United States. The company was based in Dallas, Texas and its stock was listed on the New York Stock Exchange (NYSE). However, I must note that as of November 2014, EEP was acquired by Energy Transfer Partners, L.P. (ETP) and is no longer a publicly traded company.
Before the acquisition, EEP's primary assets were located in the Barnett Shale, the San Juan Basin, the Haynesville Shale, and the Mid-Continent regions of the United States. The company's operations were primarily focused on the exploration, development, and production of natural gas and oil.
EEP had a unique business structure, as a master limited partnership, it was a limited partnership that was publicly traded and offered its investors a portion of the company's income, typically in the form of quarterly distributions. The MLP structure allowed EEP to enjoy certain tax benefits, which helped the company to lower its cost of capital and enhance its distribution growth.
In conclusion, Ev Energy Partners, L.P. was a significant player in the US energy sector before its acquisition in 2014. It had a focused strategy on acquiring, producing, and developing oil and natural gas properties and distributed a portion of its income to its investors in the form of quarterly distributions.