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EV Energy Partners, L.P. (EVEP) announced the repurchase of $74 million of outstanding Senior Notes for $50 million in cash, representing a price to par of 67.6 percent, plus accrued interest.  EVEP has approximately $426 million in Senior Notes outstanding after the repurchase.

The Partnership currently has $265 million outstanding under its credit facility and a borrowing base of $625 million. Total debt outstanding is $691 million.

“This completes the Senior Note repurchases authorized under the recent amendment to our credit facility.  These repurchases reduce total debt by approximately $24 million and annual interest expense by $4.8 million,” stated Michael Mercer, President and CEO.

About EV Energy Partners, L.P.
EV Energy Partners, L.P. is a Houston based master limited partnership engaged in acquiring, producing and developing oil and natural gas properties. More information about EVEP is available on the Internet at