EV Energy Partners, L.P. (the Partnership) is engaged in the acquisition, development and production of oil and natural gas properties. As of December 31, 2011, the Company's properties were located in the Barnett Shale, the Appalachian Basin (which includes the Utica Shale), the Mid Continent areas in Oklahoma, Texas, Arkansas, Kansas and Louisiana, the San Juan Basin, the Monroe Field in Northern Louisiana, the Permian Basin, Central and East Texas and Michigan. On December 1, 2011, the Company along with certain institutional partnerships acquired oil and natural gas properties in the Barnett Shale. It acquired a 31.02% proportional interest in these properties. On December 20, 2011, the Company, acquired additional oil and natural gas properties in the Barnett Shale. On February 7, 2012, the Company EnerVest, had a second closing on the oil and natural gas properties, and acquired a 31.63% proportional interest in these properties.