Wednesday, April 17, 2013

EV Energy Partners in Search of Partners for Utica Shale Deals

From the Akron Beacon Journal:
A Texas-based energy company has scrapped a proposed deal to sell nearly 104,000 acres in Ohio’s Utica shale.
EV Energy Partners Executive Chairman John B. Walker, in a teleconference from New Yorkk today, said efforts to put together a Utica sale with an unnamed buyer have failed.
That company made an acceptable cash offer for most of EV Energy Partner’s acreage, but the terms of the agreement sought by the unnamed firm were unacceptable, he said.
Negotiations with that company stretched over several months and are continuing, he said.
But his company is reopening talks with other parties on smaller packages in eastern Ohio and surrounding areas, Walker said.
Read the whole article by clicking here. 

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