Restructuring Information

On June 4, 2018, EV Energy Partners, L.P., successfully completed its financial restructuring and emerged from Chapter 11 of the U.S. Bankruptcy Code as Harvest Oil & Gas Corp. The agreement reached with noteholders and lenders eliminated approximately $355 million of debt and accrued interest from its balance sheet and significantly enhanced its financial flexibility. EnerVest, Ltd. and EnerVest Operating, L.L.C. will continue to provide operating services to Harvest Oil & Gas Corp.

As part of the Plan of Reorganization (“Plan”), EVEPQ units owned by common unitholders were cancelled, and on June 4, 2018, new shares of common stock were issued in accordance with the Plan. The company is in the process of registering for its shares to be traded and quoted on the OTCQX market, which is operated by OTC Market Group, Inc. The OTCQX market is an interdealer quotation system providing real time quotation services, which the Company believes constitutes an “established securities market” within the meaning of the Foreign Investment in Real Property Tax Act of 1980. The Company expects the new listing to go effective during the third quarter of 2018.

Additional information, court filings and other documents related to the reorganization proceedings are available on a website administered by the Company’s claims agent, Prime Clerk, at https://cases.primeclerk.com/evep.

Press Releases

06/12/18 Harvest Oil & Gas Seeking to List on the OTCQX Market

06/04/18 EV Energy Partners Successfully Completes Financial Restructuring

04/02/18 EV Energy Partners Files for Chapter 11 to Implement Debt Restructuring and Files Its Form 10-K for 2017

03/14/18 EV Energy Partners Announces Agreement on Comprehensive Restructuring

 

SEC Filings
Please click here to view a complete list of SEC filings.

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