EV Energy Partners (NASDAQ:EVEP) was clearly having some cash flows issues last quarter. The company has been trying to diversify itself more towards midstream revenues and away from its upstream (E&P) focus. However, this shift involves heavy capital spending -- capital that EV Energy Partners did not readily have. However, this funding gap may have been partially plugged by EnerVest's (the general partner of EV Energy Partners) recently announced agreement to sell a portion (22,535 acres) of its Utica acreage to an undisclosed buyer for $284.3M. Of this total, EV Energy Partners is selling 4,345 acres for approximately $56M and will retain overriding royalty interests in these acres.
However, even with these recent positive developments, EV Energy...
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