EV Energy Partners, L.P; Increase in Cash Distribution
EV Energy Partners, L.P has recently announced that a cash distribution for the second quarter of 2008 of $0.70 per unit for all of its outstanding units. The distribution represents a 40 percent increase over EVEP’s prior year second quarter distribution and a 12.9 percent increase over the distribution for the 1st quarter of 2008. The distribution will be payable on August 14, 2008, to unit holders of record at the close of business on August 5, 2008. In addition, management anticipates that it will recommend to the Board of Directors a further increase in the distribution per unit for the third fiscal quarter of 2008, payable during the fourth quarter of 2008.
EV Energy Partners, L.P., is a Houston based master limited partnership engaged in acquiring, producing and developing oil and gas properties.
Contact:
EV Energy Partners, L.P., Houston
Michael E. Mercer, 713-651-1144
Source: EV Energy Partners, L.P.
