BNET Industries

Market Cap:$519.5M
Last Fiscal Year Sales:$207.3M
  • Public
  • US
Dow Jones Description

We are a Delaware limited partnership formed in April 2006 by EnerVest to acquire, produce and develop oil and natural gas properties. Our general partner is EV Energy GP, a Delaware limited partnership, and the general partner of our general partner is EV Management, a Delaware limited liability company.

Chairman and Chief Executive Officer
John B. Walker
Number of Employees 504
Contact Information

1001 Fannin St Ste 800

Houston, Texas 77002

evenergypartner...

(713) 651-1144

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • EV Energy Partners Slides To Loss In Q3 - Quick Facts

    11/09/09 - Financial Announcement - View Story

  • Wells Fargo Downgrades EV Energy Partners EVEP to Market Perform

    10/22/09 - Bond / Stock Rating - View Story

  • BRIEF-RESEARCH ALERT-Citigroup raises targets on North American E&P MLP cos

    10/20/09 - Bond / Stock Rating - View Story

  • EXCO, EV Energy Partners agree to deal on Ohio, Pennsylvania properties

    9/30/09 - Joint Venture / Alliance - View Story

  • EV Energy Buys Appalachian Basin Properties EVEP

    9/30/09 - Buildings Purchased - View Story

  • EV Energy, EnerVest to buy Austin Chalk assets

    6/11/09 - Buildings Purchased - View Story

News & Analysis

ev energy partners lp - All News and Analysis

Decision Makers

Name (plus bio) Position
Mark A. Houser President, Chief Operating Officer and Director
Michael E. Mercer Senior Vice President and Chief Financial Officer
James R. Larson Jim Senior Vice President
Kathryn S. Macaskie Senior Vice President, Acq & Divestitures
Frederick Dwyer Controller
George Lindahl Managing Partner of Sandefer Capital Partners
Victor Burk Global Energy Practice Leader for Spencer Stuart

Board of Directors

Name (plus bio) Position
John B. Walker Chairman and Chief Executive Officer
George Lindhal Chairman
James R. Larson Chairman
Gary R. Petersen Board of Directors

Organization Position Status
EV Energy Partners, LP Chairman and Chief Executive Officer Current
Enervest San Juan Operations LLC CEO Current
Enervest, Ltd. CEO Current
EnerVest Management Partners Ltd. CEO Current
Enervest, Ltd. President Current
Enervest Operating LLC President & CEO Current
Ev Management Chairman Current
National Petroleum Council Board of Directors Current
National Petroleum Council Member Current
Ipaa Nomination Committee Chairman, President and CEO, Enervest Management Partners, Ltd. Former
EnerVest Management Partners Ltd. President Former
Stock Exchange Limited Former
NYSE Group, Inc. Former
Sam Houston Area Council Board of Directors Former
New York University MBA Former
Texas Tech University Bba Former

Mark A. Houser has served as EV Management s President, Chief Operating Officer and Director since 2006. He has been the Executive Vice President and Chief Operating Officer of EnerVest Management Partners, Ltd. since 1999. Prior to that, Mr. Houser was Vice President, United States Exploration and Production, for Occidental Petroleum Corporation, or Oxy, where he helped lead Oxy s reorganization of its domestic reserve base. Mr. Houser began his career as an engineer with Kerr-McGee Corporation. He holds a petroleum engineering degree from Texas A&M University and an MBA from Southern Methodist University.

Organization Position Status
EV Energy Partners, LP President, Chief Operating Officer and Director Current
Ev Management President Current
Enervest, Ltd. Chief Operating Officer Current
EnerVest Management Partners Ltd. Chief Operating Officer Current
Enervest, Ltd. Executive Vice President Current
EV Energy Partners, LP Board of Directors Current
EnerVest Management Partners Ltd. Executive Vice President Former
Kerr-McGee Corporation Engineer Former
Southern Methodist University MBA Former
Texas A&M University Degree Former

Michael E. Mercer Mike is Senior Vice President and Chief Financial Officer. He has been a consultant to EnerVest Management Partners since 2001. Prior to that, Mike was an investment banker for 12 years. He was a Director in the Energy Group at Credit Suisse First Boston in Houston and a Director in the Energy Group at Salomon Smith Barney in New York and London. He holds a BBA in Petroleum Land Management from the University of Texas at Austin and a MBA from the University of Chicago Graduate School of Business.

Organization Position Status
EV Energy Partners, LP Senior Vice President and Chief Financial Officer Current
EnerVest Management Partners Ltd. Consultant Current
The University of Texas at Austin Bba In Petroleum Land Management Former
Enervest, Ltd. Consultant Former
Salomon Smith Barney Former
University of Chicago Graduate School of Business MBA Former
The University of Texas at Austin Bba In Petroleum Land Management Former

James R. Larson Jim retired from Anadarko Petroleum Corporation in January 2006 after serving as Senior Vice President since September 2005. He served as Senior Vice President, Finance, and Chief Financial Officer of Anadarko from December 2003 until September 2005. From 2002 to 2003, he served as Senior Vice President, Finance, of Anadarko, where he managed treasury, investor relations, internal audits and acquisitions and divestitures. From 1995 to 2002, Jim served as Vice President and Controller at Anadarko, where he was responsible for accounting, financial reporting, budgeting, forecasting and tax. Prior to that he held various tax and financial positions with Anadarko after joining the company in 1981. Jim is a current member of the American Institute of Certified Public Accountants, Financial Executives International and Tax Executives Institute. He holds a BBA in Business from the University of Iowa.

Organization Position Status
EV Energy Partners, LP Senior Vice President Current
American Institute of Certified Public Accountants Member Current
Anadarko Petroleum Corporation Chief Financial Officer Former
Anadarko Petroleum Corporation Vice President and Controller Former
The University of Iowa Bba In Business Former

Kathryn S. MacAskie Kathryn serves as our Senior Vice President of Acquisitions and Divestitures. She has been President and co-owner of FlairTex Resources, Inc., a petroleum engineering consulting and acquisition business since 2002. Prior to that, Ms. MacAskie was Vice-President and Manager of the Houston Office for Cawley, Gillespie & Associates Inc., a Petroleum Engineering Consulting firm from 1999 to 2002 and Senior Vice-President of Acquisitions and Divestitures for EnerVest Management Partners, Ltd. from 1994 to 1999. She is a member of the Society of Petroleum Engineers, on the Advisory Board of Phillips Royalty Partners, L.P., a past member of the Advisory Board of Houston National Bank and a sustaining member of the Junior League of Houston. She holds a BS in Engineering from Rice University and is a Licensed Professional Engineer in the state of Texas.

Organization Position Status
EV Energy Partners, LP Senior Vice President, Acq & Divestitures Current
EnerVest Management Partners Ltd. Senior Vice President of Acquisitions Former
Cawley, Gillespie & Associates, Inc. Vice President Former
Houstonoffice.Com Manager Former
Cawley, Gillespie & Associates, Inc. Manager Former
The Junior League of Houston, Inc Member Former
Rice University BS In Engineering Former

Mr. Dwyer joined EnerVest Management Partners, Ltd., in September 2006 as Vice President and Corporate Controller. Prior to that he was employed by KCS Energy, Inc., a Houston-based oil and gas exploration and production company, since 1986, where he held various management and supervisory positions including Vice President, Controller and Corporate Secretary. He began his career with Peat, Marwick, Mitchell & Company. Mr. Dwyer holds a Bachelor of Science degree from Manhattan College.

Organization Position Status
EV Energy Partners, LP Controller Current
Ev Management Controller Current
Enervest, Ltd. Vice President Former
KCS Energy Inc. Vice President, Controller & Secretary Former
Enervest, Ltd. Corporate Controller Former
EV Energy Partners, LP Controlr and Prin, Accounting. Ofc. Former
KCS Energy Inc. Board of Directors Former
Manhattan College Bachelor of Science Degree Former

Organization Position Status
EV Energy Partners, LP Managing Partner of Sandefer Capital Partners Current
EV Energy Partners, LP Board of Directors Current
Anadarko Petroleum Corporation Vice Chairman Former
The University of Alabama Bs In Geology Former

Organization Position Status
EV Energy Partners, LP Global Energy Practice Leader for Spencer Stuart Current
Sam Houston Area Council Board Member Current
Houston Producer's Forum Board Member Current
EV Energy Partners, LP Board of Directors Current
Stephen F. Austin State University Bba In Accounting Former

Organization Position Status
EV Energy Partners, LP Chairman Current
Anadarko Petroleum Corporation Vice Chairman Former
The University of Alabama BS In Geology Former

James R. Larson was appointed to our Board of Directors in September 2006. Since January 1, 2006, Mr. Larson has been retired. From September 2005 until January 1, 2006, Mr. Larson served as Senior Vice President of Anadarko Petroleum Corporation. From December 2003 to September 2005, Mr. Larson served as Senior Vice President, Finance and Chief Financial Officer of Anadarko. From 2002 to 2003, Mr. Larson served as Senior Vice President, Finance of Anadarko where he oversaw treasury, investor relations, internal audits and acquisitions and divestitures. From 1995 to 2002, Mr. Larson served as Vice President and Controller of Anadarko where he was responsible for accounting, financial reporting, budgeting, forecasting and tax. Prior to that, he held various tax and financial positions within Anadarko after joining the company in 1981. Mr. Larson is a current member of the American Institute of Certified Public Accountants, Financial Executives International and Tax Executives Institute. He holds a BBA in Business from the University of Iowa.

Organization Position Status
EV Energy Partners, LP Chairman Current
Anadarko Petroleum Corporation Senior Vice President Former

Mr. Petersen has served as a director since June 2001. Mr. Petersen is Senior Managing Director of EnCap Investments L.L.C. (an investment management firm), which he co-founded in 1988. He had previously served as Senior Vice President and Manager of the Corporate Finance Division of the Energy Banking Group for RepublicBank Corporation. Prior to his position at RepublicBank, he was Executive Vice President and a member of the Board of Directors of Nicklos Oil & Gas Company in Houston, Texas, from 1979 to 1984. He served from 1970 to 1971 in the U.S. Army as a First Lieutenant in the Finance Corps and as an Army Officer in the Army Security Agency. He is also a director of EV Energy Partners, L.P. Mr. Petersen holds MBA and BBA degrees from Texas Tech University.

Organization Position Status
Plains All American Pipeline, L.P. Senior Managing Director, Encap Investments L.L.C. Current
Pine Prairie Energy Center, LLC Senior Managing Director, Encap Investments L.L.C. Current
Bluewater Gas Storage, LLC Senior Managing Director, Encap Investments L.L.C. Current
Encap Investments L.L.C. Managing Director Current
Equus Total Return, Inc. Managing Director Current
Laredo Energy LP Co-Founder and Partner of Encap Investments Llc. Current
American Petroleum Institute Current
Petroleum Club of Houston, Inc. Current
Houston Producer's Forum Board of Directors Current
EV Energy Partners, LP Board of Directors Current
Equus Total Return, Inc. Director Current
Bluewater Gas Storage, LLC Board of Directors Current
Laredo Energy LP Board of Directors Current
Plains All American Pipeline, L.P. Board of Directors Current
Pine Prairie Energy Center, LLC Director Current
Republic Bank Executive Vice President and Member Former
Republic Bank Limited Executive Vice President Former
Encap Investments L.L.C. Principal Former
National Security Agency Former
Texas Tech University Master of Business Administration Former
Texas Tech University Bachelor of Business Administration Degrees In Finance Former
The Stonier Graduate School of Banking Former

Executive News

  • EV Energy Partners L.P. Q2 2009 Earnings Call Transcript

    Seeking Alpha - 8/11/09 - View Story

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     EVEP $25.50 0.00 (0.00% )
Average Volume 240,721
Shares Outstanding 20.38M
Market Cap 519.6M
Year High 27.48
Year Low 10.6
Earnings Per Share 7.12
P/E Ratio 3.58
Dividend 3.02
Yield 11.83
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