EV Energy Partners, L.P. (
Q3 2011 Earnings Call
November 9, 2011 10:00 AM ET
John Walker – Chairman and CEO
Michael Mercer – SVP and CFO
Mark Houser – President and COO
Ronald Gajdica – SVP, Acquisitions
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
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.
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.