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HOUSTON, Nov 28, 2007 (BUSINESS WIRE) -- EV Energy Partners, L.P. (Nasdaq:EVEP) and EnerVest, Ltd. are proud to announce that John B. Walker, founder and Chief Executive Officer of both entities, has received the prestigious Chief Roughneck Award, which is the oil and gas industry's lifetime achievement award. Walker received the award, presented annually since 1955 by Lone Star Steel Company (now U.S. Steel), at the 2007 Annual Meeting of the Independent Petroleum Association of America (IPAA).
The Chief Roughneck Award recipient is selected by peers in the industry and other members of the Chief Roughneck Hall of Fame, whose members include Mark G. Papa, Ray L. Hunt, J. Larry Nichols, Robert J. Allison, Jr., and EnerVest co-founders A.V. Jones and Jon Rex Jones.
According to the Chief Roughneck Hall of Fame, "The stature of the people who have been named Chief Roughneck has made the award the most meaningful in the industry. The award and the character behind it symbolize the spirit, the determination, the leadership and the integrity of those individuals who have left their mark on the petroleum industry."
Walker was Chairman of IPAA from 2003 to 2005, and received its Leadership Award in 2000. He is a member of the National Petroleum Council, and serves or has served on the boards of the Houston Producers Forum, Foundation for Energy Education, Houston Petroleum Club and the Texas Independent Producers and Royalty Owners Association. He also serves on the Board of Stewards of Chapelwood United Methodist Church and West Houston Young Life, and on the Board of Directors of the Sam Houston Area Council of the Boy Scouts of America. From the Boy Scouts, he received the Distinguished Eagle in 2007 and the Silver Beaver Award in 2001. In 2004, he was named Distinguished Alumni at Texas Tech University.
Houston-based EnerVest, founded in 1992 by Walker and A.V. and Jon Rex Jones, acquires, develops and operates oil and gas fields on behalf of its institutional investors. EnerVest controls more than $3 billion in oil and gas assets and produces more than 260 MMCFE per day. EnerVest operates approximately 11,000 wells in 11 states. EnerVest owns the general partner of EV Energy Partners, L.P., which is a Houston-based master limited partnership engaged in acquiring, producing and developing oil and gas properties.
(code #: EVEP/G)
This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the partnership, which may cause our actual results to differ materially from those implied or expressed by the forward-looking statements. These include risks relating to financial performance and results, availability of sufficient cash flow to pay distributions and execute our business plan, prices and demand for natural gas and oil, our ability to replace reserves and efficiently develop our current reserves and other important factors that could cause actual results to differ materially from those projected as described in the Company's reports filed with the Securities and Exchange Commission.
SOURCE: EnerVest, Ltd.
EV Energy Partners, L.P./EnerVest, Ltd., Houston Ronald P. Whitmire, 713-659-3500 http://www.evenergypartners.com http://www.enervest.net
Copyright Business Wire 2007
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