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Tuesday, December 17, 2013

EV Energy Partners Shares Updates on Utica Shale

From the Akron Beacon Journal:
EV  Energy Partners attended the 12th annual Wells Fargo Energy Symposium.
EVEP is very involved in the Utica shale. It owns significant acreage, is a drilling partner, is invested in midstream and is leading the push to find recoverable Utica oil.
It is also seeking to sell off a portion of its Utica holdings.
It has a lot of Utica shale upside, company officials said.
Here are some of the highlights from president and CEO Mark Houser’s 27-minute presentation.
1. The midstream bottlenecks in Ohio’s Utica shale are disappearing, he said.
More than $12 billion of pipelines and processing plants have been constructed in eastern Ohio, he said.
That is a number that is being repeatedly used by the energy industry in Ohio.
He said the Utica East Ohio processing plant at Kensington added its second train or unit last week. Two more units are planned at the plant in southern Columbiana County.
The new unit was being filled up on Wednesday and processing will begin soon, Houser said.
Read much more in the original article by clicking here.

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