EV Energy Partners to file for bankruptcy
Thursday, March 29, 2018
EV Energy Partners plans to file for bankruptcy to restructure and reduce its debt, according to the Houston Chronicle.
The company said it has agreed to a bankruptcy plan with a majority of its lenders to renegotiate its debt and restructure its ownership in order to avoid a financial default.
EV Energy Partners is the publicly traded business of Houston energy investment firm EnerVest. Despite the bankruptcy of EV Energy Partners, its parent firm is not filing for bankruptcy.
Learn more: Houston Chronicle > EnerVest business filing for bankruptcy to restructure
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How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.