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EV Energy Partners' CEO Discusses Q2 2011 Results - Earnings Call Transcript

EV Energy Partners, L.P. ( EVEP)

Q2 2011 Earnings Call

August 10, 2011 10:00 AM ET

Executives

John Walker – Chairman and CEO

Mike Mercer – CFO

Mark Houser – COO

Analysts

Kevin Smith – Raymond James

Ethan Bellamy – Robert W. Baird

Praneeth Satish – Wells Fargo

Bob Sohaney – RBC Capital Markets

Richard Roy – Citi

Kathryn Smith – Upstream Newspaper

Presentation

Operator

Good morning ladies and gentlemen, thank you for standing by. Welcome to the EV Energy Partners’ Second Quarter Earnings Conference. During today’s presentation all parties will be in a listen-only mode. And following the presentation, the conference will be opened for questions. (Operator instructions) I would now like to turn the conference over to John Walker, Chairman and CEO. Please go ahead.

John Walker

Thank you, Douglas. Good morning everyone. I have with me the young 50 year-old Mark Houser, it’s his birthday today, who is our Chief Operating Officer; Mike Mercer, our Chief Financial Officer; and Ron Gajdica, who is in-charge of Engineering and Acquisitions.

The second quarter was a good one for EV Energy Partners as you can see based upon strong liquid prices and good cost control, our EBITDA was above the midpoint of guidance and distribution coverage continues to strengthen. Production fell within 2% of our guidance midpoint. Our Barnett production has grown albeit at a slightly slower pace due to the timing of bringing wells online, and Mark Houser is going to address that.

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