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EV Energy Partners' CEO Discusses Q3 2011 Results - Earnings Call Transcript

EV Energy Partners, L.P. ( EVEP)

Q3 2011 Earnings Call

November 9, 2011 10:00 AM ET

Executives

John Walker – Chairman and CEO

Michael Mercer – SVP and CFO

Mark Houser – President and COO

Ronald Gajdica – SVP, Acquisitions

Analysts

Kevin Smith – Raymond James

Ethan Bellamy – Robert Baird

Dan Han – Morgan, Keegan & Company

Adam Leight – RBC Capital

Tommy Liam – Curry Partners

Michael Blum – Wells Fargo

Nick O’Grady – Plural Investments

Jed Theriac – George Weiss Associates

Dan Harhan – Morgan Keegan and Company

Presentation

Operator

Welcome to the EV Energy Partners Third Quarter Earnings Conference Call. (Operator Instructions) At this time, I’d like to turn the conference over to Mr. John Walker, Chairman and CEO. Please go ahead.

John Walker

Okay. Thank you, Bell. I want to spend some time talking about our major developments from last week as well as some in the quarter. And Mark Houser, Mike Mercer and Ron Gajdica will address the most recent quarter, our financial information, operations and engineering.

For our investors and analysts’ of EVEP, I want to readdress some of the fundamentals about our company. We’re not a traditional E&P company that over-leverages and outspends its cash flow with myopic focus on production and reserve growth. Our focus and discipline areas are accretive acquisitions which we’re very good at, and building concentrated positions in basins to drive down cost. And that’s particularly important in the gas environment that we’re in.

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