Houston energy MLP to divest shale assets in multimillion-dollar deal

Houston-based EV Energy Partners LP (NASDAQ: EVEP) announced that it will divest its entire interest in an Ohio-based midstream energy company with operations in the Utica shale plays.

EV Energy is expected to divest its 21 percent stake in Utica East Ohio Midstream LLC for $575 million cash. Utica Gas Services LLC, a subsidiary of Oklahoma-based Williams Partners LP (NYSE: WPZ), which already has a 49 percent interest in Utica East Ohio Midstream, is the purchaser.

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