EV Energy Partners won’t drill new wells this year
Wednesday, March 2, 2016
EV Energy Partners is the latest company to announce that it won’t drill in the Utica shale — or any other shale formations — this year.
Akron Beacon Journal reports that the Texas-based company reduced its 2016 budget by 75 percent. EV Energy Partners is going to focus on its 10 drilled wells in Texas’s Barnett shale.
The company’s production was flat in 2015. According to the newspaper, EV Energy Partners sold its share of the Utica East Ohio pipeline, natural gas processing plants and a liquids processing plant in eastern Ohio.
Read more: Akron Beacon Journal > EV Energy Partners has no Utica drilling plans for 2016
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