Success complements success.
EV Energy Partners is a publicly traded MLP of which EnerVest is the controlling member of our general partner. The EnerVest family of institutional partnerships and EVEP are together, one of the top-25 oil and gas companies in the nation. Whereas our strategy is to buy and manage long-term assets, EnerVest focuses on acquiring, enhancing, then selling productive assets three to five years out.
While many of our properties are purchased on the open market in competitive bids, we will also participate with EnerVest in joint acquisitions, which allows for much bigger deals. If it’s a fit, we’ll even purchase assets directly from EnerVest, pending recommendations and approval from our board and its conflicts committee.
This arrangement has allowed both companies to leverage their individual strengths and have access to greater technical expertise.