The acquisition is expected to close by September 1, 2009, and is subject to customary closing conditions and purchase price adjustments.

The acquisition is comprised of 67 wells producing primarily from the Austin Chalk formation in Fayette, Grimes, Lee, Washington and Burleson counties in Central Texas. The properties, and EVEP's share of reserves and production, include:

-- Estimated proved reserves as of April 1, 2009, net to EVEP, (based on current strip prices) of approximately 3.35 BCFE;

-- 100 percent proved developed producing;

-- 83 percent natural gas;

-- 88 percent operated;

-- Average working interest of approximately 90 percent;

-- Over 24,000 net acres;

-- Current net daily production to EVEP's interest of approximately 1.0 MMCFE

John B. Walker, Chairman and CEO, said, "This is the second Austin Chalk add-on acquisition we have announced during the past two months. As we have previously noted, the Austin Chalk is EnerVest's largest and most successful area of operation and this purchase highlights our continuing focus on acquisitions in our core areas. We only paid for producing reserves but believe that each of the 67 well bores offers the opportunity to exploit additional Austin Chalk zones. Our recently completed equity offering and reduction in our outstanding debt by 25% during 2009 provides EVEP with the flexibility to continue to pursue acquisition opportunities at attractive rates of return."

In conjunction with the acquisition, and consistent with its strategy of hedging a significant percentage of its production, EVEP intends to enter into arrangements to hedge a substantial portion of the acquired production volumes at or prior to closing.

EV Energy Partners, L.P., is a master limited partnership engaged in acquiring, producing and developing oil and gas properties. More information about EVEP is available on the internet at www.evenergypartners.com.

(code #: EVEP/G)

This press release may include "forward-looking statements" as defined by the Securities and Exchange Commission (the "SEC"). 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.