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**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**Form 10-Q**
**A**

**QUARTERLY      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934**

**For      the quarterly period ended June 30, 2007 **

**OR**

**o**
**TRANSITION      REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF      1934**

**001-33024      **

**EV      Energy Partners, L.P.**

| **Delaware**(State                or other jurisdictionof                incorporation or organization)               |   | **20-4745690**(I.R.S.                Employer Identification No.) |
|-----------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|
|                                                                                                                  |   |                                                              |
| **1001                Fannin, Suite 800, Houston, Texas**(Address                of principal executive offices) |   | **77002**(Zip                Code)                                |

**(713) 659-3500**

| Large                accelerated filer o  |   | Accelerated                filer o  |   | Non-accelerated                filer þ |
|------------------------------------------------|--------|------------------------------------------|--------|---------------------------------------------|

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**Table      of Contents  **

| PART                I. FINANCIAL INFORMATION                                                                                      |   |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|--------|
|                                                                                                                              |   |   |
| Item                1. Financial Statements (unaudited)                                                                           |   | 2      |
| Item                2. Management’s Discussion and Analysis of Financial Condition and Results                of Operations |   | 13     |
| Item                3. Quantitative and Qualitative Disclosures About Market                Risk                                  |   | 20     |
| Item                4. Controls and Procedures                                                                                    |   | 20     |
|                                                                                                                              |   |   |
| PART                II. OTHER INFORMATION                                                                                         |   |   |
|                                                                                                                              |   |   |
| Item                1. Legal Proceedings                                                                                          |   | 21     |
| Item                1A. Risk Factors                                                                                              |   | 21     |
| Item                2. Unregistered Sales of Equity Securities and Use of                Proceeds                                 |   | 21     |
| Item                3. Defaults Upon Senior Securities                                                                            |   | 21     |
| Item                4. Submission of Matters to a Vote of Security Holders                                                        |   | 21     |
| Item                5. Other Information                                                                                          |   | 21     |
| Item                6. Exhibits                                                                                                   |   | 21     |
|                                                                                                                              |   |   |
| Signatures                                                                                                                        |   | 23     |

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**PART        1. FINANCIAL INFORMATION**

**ITEM        1. FINANCIAL STATEMENTS**

**EV        Energy Partners, L.P.**

**Condensed        Consolidated Balance Sheets**

***(In        thousands, except number of units)***

***(Unaudited)***

|                                                                                                                                                                                                                                 |   |   | **June                30,**  |   |   | **December                31,** |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|-----------------------------------|--------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                            |   |   | **2007**                          |   |   | **2006**                        |   |
| **ASSETS**                                                                                                                                                                                                                      |   |   |                              |   |   |                            |   |
| Current                assets:                                                                                                                                                                                                  |   |   |                              |   |   |                            |   |
| Cash                and cash equivalents                                                                                                                                                                                        |   | $      | 13,301                            |   | $      | 1,875                           |   |
| Accounts                receivable:                                                                                                                                                                                             |   |   |                              |   |   |                            |   |
| Oil,                natural gas and natural gas liquids                                                                                                                                                               |   |   | 10,148                            |   |   | 4,608                           |   |
| Related                party                                                                                                                                                                                                    |   |   | 2,846                             |   |   | 1,996                           |   |
| Other                                                                                                                                                                                                                           |   |   | 74                                |   |   | 56                              |   |
| Derivative                asset                                                                                                                                                                                                 |   |   | 5,797                             |   |   | 5,929                           |   |
| Prepaid                expenses and other current assets                                                                                                                                                                        |   |   | 1,259                             |   |   | 790                             |   |
| Total                current assets                                                                                                                                                                                             |   |   | 33,425                            |   |   | 15,254                          |   |
|                                                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| Oil                and natural gas properties, net of accumulated depreciation, depletion                and                 amortization;                June                30, 2007, $11,029; December 31, 2006, $4,092 |   |   | 368,272                           |   |   | 114,401                         |   |
| Other                property, net of accumulated depreciation and amortization; June                30, 2007, $211; December 31, 2006, $195                                                                                    |   |   | 253                               |   |   | 283                             |   |
| Long-term                derivative asset                                                                                                                                                                                       |   |   | 474                               |   |   | 2,286                           |   |
| Other                assets                                                                                                                                                                                                     |   |   | 845                               |   |   | 465                             |   |
| Total                assets                                                                                                                                                                                                     |   | $      | 403,269                           |   | $      | 132,689                         |   |
|                                                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| **LIABILITIES                AND OWNERS’ EQUITY**                                                                                                                                                                         |   |   |                              |   |   |                            |   |
| Current                liabilities:                                                                                                                                                                                             |   |   |                              |   |   |                            |   |
| Accounts                payable and accrued liabilities                                                                                                                                                                         |   | $      | 4,638                             |   | $      | 3,248                           |   |
| Total                current liabilities                                                                                                                                                                                        |   |   | 4,638                             |   |   | 3,248                           |   |
|                                                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| Asset                retirement obligations                                                                                                                                                                                     |   |   | 11,309                            |   |   | 5,188                           |   |
| Share-based                compensation liability                                                                                                                                                                               |   |   | 498                               |   |   | -                               |   |
| Long-term                derivative liability                                                                                                                                                                                   |   |   | 1,930                             |   |   | -                               |   |
| Long-term                debt                                                                                                                                                                                                   |   |   | 75,000                            |   |   | 28,000                          |   |
|                                                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| Commitments                and contingencies                                                                                                                                                                                    |   |   |                              |   |   |                            |   |
|                                                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| Owners’                equity:                                                                                                                                                                                            |   |   |                              |   |   |                            |   |
| Common                unitholders—11,839,439                units and 4,495,000 units issued and outstanding as of June 30, 2007                and                December 31, 2006                                      |   |   | 294,612                           |   |   | 77,701                          |   |
| Subordinated                unitholders—3,100,000                units issued and outstanding as of June 30, 2007 and December 31,                2006                                                                    |   |   | 8,617                             |   |   | 10,830                          |   |
| General                partner interest                                                                                                                                                                                         |   |   | 3,592                             |   |   | 3,379                           |   |
| Accumulated                other comprehensive income                                                                                                                                                                           |   |   | 3,073                             |   |   | 4,343                           |   |
| Total                owners’ equity                                                                                                                                                                                       |   |   | 309,894                           |   |   | 96,253                          |   |
| Total                liabilities and owners’ equity                                                                                                                                                                       |   | $      | 403,269                           |   | $      | 132,689                         |   |

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**EV      Energy Partners, L.P.**

**Condensed      Statements of Operations**

***(In      thousands, except per unit data)***

***(Unaudited)***

|                                                                                                |   |   | **Successor**                                                              |   |   | **Predecessor**                                                      |   |   |   |   |   | **Successor**                                                      |   |   | **Predecessor**                                                    |   |
|------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------------------------------------------------------------------|--------|--------|--------------------------------------------------------------------|--------|
|                                                                                                |   |   | **Three                  Months Ended****June                  30,**  |   |   | **Three                  Months Ended****June                  30,** |   |   |   |   |   | **Six                  Months Ended****June                  30,** |   |   | **Six                  Months Ended****June                  30,** |   |
|                                                                                           |   |   | **2007**                                                                   |   |   | **2006**                                                             |   |   |   |   |   | **2007**                                                           |   |   | **2006**                                                           |   |
|                                                                                           |   |   | *(Consolidated)*                                                      |   |   | *(Combined*)**                                                       |   |   |   |   |   | *(Consolidated**)*                                                 |   |   | *(Combined*)**                                                     |        |
| Revenues:                                                                                      |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Oil,                  natural gas and natural gas liquids revenues                             |   | $      | 17,791                                                                     |   | $      | 11,507                                                               |   |   |   |   | $      | 27,831                                                             |   | $      | 23,176                                                             |   |
| Gain                  on derivatives, net                                                      |   |   | 947                                                                        |   |   | 191                                                                  |   |   |   |   |   | 1,694                                                              |   |   | 1                                                                  |   |
| Transportation                  and marketing-related revenues                                 |   |   | 4,400                                                                      |   |   | 1,355                                                                |   |   |   |   |   | 5,620                                                              |   |   | 3,034                                                              |   |
| Total                  revenues                                                                |   |   | 23,138                                                                     |   |   | 13,053                                                               |   |   |   |   |   | 35,145                                                             |   |   | 26,211                                                             |   |
|                                                                                           |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Operating                  costs and expenses:                                       |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Lease                  operating expenses                                                      |   |   | 4,215                                                                      |   |   | 2,078                                                                |   |   |   |   |   | 6,521                                                              |   |   | 3,877                                                              |   |
| Cost                  of purchased natural gas                                                 |   |   | 3,777                                                                      |   |   | 1,132                                                                |   |   |   |   |   | 4,886                                                              |   |   | 2,690                                                              |   |
| Production                  taxes                                                              |   |   | 479                                                                        |   |   | 69                                                                   |   |   |   |   |   | 852                                                                |   |   | 121                                                                |   |
| Exploration                  expenses                                                          |   |   | -                                                                          |   |   | 295                                                                  |   |   |   |   |   | -                                                                  |   |   | 353                                                                |   |
| Dry                  hole costs                                                                |   |   | -                                                                          |   |   | 78                                                                   |   |   |   |   |   | -                                                                  |   |   | 227                                                                |   |
| Impairment                  of unproved oil and natural gas    properties       |   |   | -                                                                          |   |   | 90                                                                   |   |   |   |   |   | -                                                                  |   |   | 90                                                                 |   |
| Asset                  retirement obligations accretion expense                                |   |   | 123                                                                        |   |   | 43                                                                   |   |   |   |   |   | 214                                                                |   |   | 87                                                                 |   |
| Depreciation,                  depletion and amortization                                      |   |   | 3,504                                                                      |   |   | 1,254                                                                |   |   |   |   |   | 5,536                                                              |   |   | 2,359                                                              |   |
| General                  and administrative expenses                                           |   |   | 2,129                                                                      |   |   | 206                                                                  |   |   |   |   |   | 3,731                                                              |   |   | 881                                                                |   |
| Total                  operating costs and expenses                                            |   |   | 14,227                                                                     |   |   | 5,245                                                                |   |   |   |   |   | 21,740                                                             |   |   | 10,685                                                             |   |
|                                                                                           |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Operating                  income                                                              |   |   | 8,911                                                                      |   |   | 7,808                                                                |   |   |   |   |   | 13,405                                                             |   |   | 15,526                                                             |   |
|                                                                                           |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Other                  income (expense), net:                                                  |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Interest                  expense                                                              |   |   | (1,380                                                                     | )      |   | (199                                                                 | )      |   |   |   |   | (2,323                                                             | )      |   | (383                                                               | )      |
| Gain                  (loss) on mark-to-market derivatives, net                                |   |   | 4,245                                                                      |   |   | -                                                                    |   |   |   |   |   | (2,000                                                             | )      |   | -                                                                  |   |
| Other                  income, net                                                             |   |   | 181                                                                        |   |   | 123                                                                  |   |   |   |   |   | 273                                                                |   |   | 266                                                                |   |
| Total                  other income (expense), net                                        |   |   | 3,046                                                                      |   |   | (76                                                                  | )      |   |   |   |   | (4,050                                                             | )      |   | (117                                                               | )      |
|                                                                                           |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Income                  before income taxes and equity in incomeof                  affiliates |   |   | 11,957                                                                     |   |   | 7,732                                                                |   |   |   |   |   | 9,355                                                              |   |   | 15,409                                                             |   |
| Income                  taxes                                                                  |   |   | -                                                                          |   |   | (2,955                                                               | )      |   |   |   |   | -                                                                  |   |   | (4,500                                                             | )      |
| Equity                  in income of affiliates                                                |   |   | -                                                                          |   |   | 74                                                                   |   |   |   |   |   | -                                                                  |   |   | 164                                                                |   |
| Net                  income                                                                    |   | $      | 11,957                                                                     |   | $      | 4,851                                                                |   |   |   |   | $      | 9,355                                                              |   | $      | 11,073                                                             |   |
| General                  partner’s interest in net income                                |   | $      | 239                                                                        |   |   |                                                                 |   |   |   |   | $      | 187                                                                |   |   |                                                               |   |
| Limited                  partners’ interest in net income                                |   | $      | 11,718                                                                     |   |   |                                                                 |   |   |   |   | $      | 9,168                                                              |   |   |                                                               |   |
| Net                  income per limited partner unit:                                          |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Common                  units (basic and diluted)                                              |   | $      | 0.93                                                                       |   |   |                                                                 |   |   |   |   | $      | 0.84                                                               |   |   |                                                               |   |
| Subordinated                  units (basic and diluted)                                        |   | $      | 0.93                                                                       |   |   |                                                                 |   |   |   |   | $      | 0.84                                                               |   |   |                                                               |   |
| Weighted                  average limited partner units outstanding:                           |   |   |                                                                       |   |   |                                                                 |   |   |   |   |   |                                                               |   |   |                                                               |   |
| Common                  units (basic and diluted)                                              |   |   | 9,554                                                                      |   |   |                                                                 |   |   |   |   |   | 7,756                                                              |   |   |                                                               |   |
| Subordinated                  units (basic and diluted)                                        |   |   | 3,100                                                                      |   |   |                                                                 |   |   |   |   |   | 3,100                                                              |   |   |                                                               |   |

----

**EV        Energy Partners, L.P.**

**Condensed        Statements of Cash Flows**

***(In        thousands)***

***(Unaudited)***

|                                                                                                                              |   |  **Successor**                                                   |     |  **Predecessor**                                                |   |
|-----------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------|----------|----------------------------------------------------------------------|--------|
|                                                                                                                              |   |  **Six                Months Ended****June                30,**  |     |  **Six                Months Ended****June                30,** |   |
|                                                                                                                              |   |  **2007**                                                             |     |  **2006**                                                       |   |
|                                                                                                                              |   |  *(Consolidated)*                                                     |     |  *(Combined*)**                                                 |   |
|                                                                                                                              |   |                                                                  |     |                                                            |   |
| Cash                flows from operating activities:                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Net                income                                                                                                         |   | $                                                                          | 9,355    |                                                                 | $      | 11,073 |   |
| Adjustments                to reconcile net income to net cash flows provided by   operating                activities: |   |                                                                       |     |                                                                 |   |   |   |
| Dry                hole costs                                                                                                     |   |                                                                       | -        |                                                                 |   | 227 |   |
| Impairment                of unproved properties                                                                                  |   |                                                                       | -        |                                                                 |   | 90 |   |
| Asset                retirement obligations accretion expense                                                                     |   |                                                                       | 214      |                                                                 |   | 87 |   |
| Depreciation,                depletion and amortization                                                                           |   |                                                                       | 5,536    |                                                                 |   | 2,359 |   |
| Share-based                compensation cost                                                                                      |   |                                                                       | 498      |                                                                 |   | - |   |
| Amortization                of deferred loan costs                                                                                |   |                                                                       | 57       |                                                                 |   | - |   |
| Unrealized                loss on derivatives, net                                                                                |   |                                                                       | 4,304    |                                                                 |   | - |   |
| Provision                for deferred taxes                                                                                       |   |                                                                       | -        |                                                                 |   | 431 |   |
| Equity                in income of affiliates, net of distributions                                                               |   |                                                                       | -        |                                                                 |   | 94 |   |
| Changes                in operating assets and liabilities:                                                                       |   |                                                                       |     |                                                                 |   |   |   |
| Accounts                receivable                                                                                                |   |                                                                       | 353      |                                                                 |   | 2,408 |   |
| Prepaid                expenses and other current assets                                                                          |   |                                                                       | 462      |                                                                 |   | 219 |   |
| Other                assets                                                                                                       |   |                                                                       | (285     | )                                                                    |   | 3 |   |
| Accounts                payable and accrued liabilities                                                                           |   |                                                                       | 575      |                                                                 |   | (3,194 | ) |
| Due                to affiliates                                                                                                  |   |                                                                       | -        |                                                                 |   | (1,433 | ) |
| Income                taxes                                                                                                       |   |                                                                       | -        |                                                                 |   | 1,668 |   |
| Other                current liabilities                                                                                          |   |                                                                       | -        |                                                                 |   | (69 | ) |
| Net                cash flows provided by operating activities                                                                    |   |                                                                       | 21,069   |                                                                 |   | 13,963 |   |
|                                                                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Cash                flows from investing activities:                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Acquisitions                of oil and natural gas properties                                                                     |   |                                                                       | (258,935 | )                                                                    |   | - |   |
| Development                of oil and natural gas properties                                                                 |   |                                                                       | (3,111   | )                                                                    |   | (4,201 | ) |
| Investment                in equity investee                                                                                 |   |                                                                       | -        |                                                                 |   | (130 | ) |
| Net                cash flows used in investing activities                                                                        |   |                                                                       | (262,046 | )                                                                    |   | (4,331 | ) |
|                                                                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Cash                flows from financing activities:                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Debt                borrowings                                                                                                    |   |                                                                       | 243,350  |                                                                 |   | - |   |
| Repayment                of debt borrowings                                                                                       |   |                                                                       | (196,350 | )                                                                    |   | - |   |
| Deferred                loan costs                                                                                                |   |                                                                       | (153     | )                                                                    |   | - |   |
| Proceeds                from private equity offerings                                                                             |   |                                                                       | 220,000  |                                                                 |   | - |   |
| Offering                costs                                                                                                     |   |                                                                       | (131     | )                                                                    |   | - |   |
| Contributions                by partners                                                                                          |   |                                                                       | -        |                                                                 |   | 16,000 |   |
| Distributions                to partners and dividends paid                                                                       |   |                                                                       | (8,512   | )                                                                    |   | (30,260 | ) |
| Distributions                related to acquisitions                                                                              |   |                                                                       | (5,801   | )                                                                    |   | - |   |
| Net                cash flows provided by (used in) financing activities                                                          |   |                                                                       | 252,403  |                                                                 |   | (14,260 | ) |
|                                                                                                                              |   |                                                                       |     |                                                                 |   |   |   |
| Increase                (decrease) in cash and cash equivalents                                                                   |   |                                                                       | 11,426   |                                                                 |   | (4,628 | ) |
| Cash                and cash equivalents - beginning of period                                                                    |   |                                                                       | 1,875    |                                                                 |   | 7,159 |   |
| Cash                and cash equivalents - end of period                                                                          |   | $                                                                          | 13,301   |                                                                 | $      | 2,531 |   |

----

**EV      Energy Partners, L.P.**

**Notes      to Unaudited Condensed Consolidated/Combined Financial      Statements**

**NOTE      1. ORGANIZATION AND NATURE OF BUSINESS**

|   | · | EV                  Properties, L.P. (“EV Properties”), a limited partnership that owned oil                  and natural gas properties and related assets in the Monroe Field                  in                  Northern Louisiana and in the Appalachian Basin in West Virginia,                  and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | CGAS                  Exploration, Inc. (“CGAS Exploration”), a corporation that owned oil and                  natural gas properties and related assets in the Appalachian Basin                  in                  Ohio. |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EnerVest                  Production Partners, Ltd. (“EnerVest Production Partners”) that owned oil                  and natural gas properties and related assets in the Monroe Field                  in                  Northern Louisiana, and |
|--------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EnerVest                  WV, L.P. (“EnerVest WV”) that owned oil and natural gas properties and                  related assets in West                  Virginia. |
|--------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Basis      of Presentation**

**Interim      Financial Statements**

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**EV      Energy Partners, L.P.**

**Notes      to Unaudited Condensed Consolidated/Combined Financial Statements      (continued)**

**Reclassifications**

**NOTE      2. SHARE-BASED COMPENSATION**

*Share-Based      Payment *

**NOTE      3. ACQUISITIONS**

----

**EV        Energy Partners, L.P.**

**Notes        to Unaudited Condensed Consolidated/Combined Financial Statements        (continued)**

|                                                                |   |   | **Michigan**  |   |   | **Monroe** |   |   | **Anadarko** |   |
|----------------------------------------------------------------|--------|--------|--------------------|--------|--------|------------|--------|--------|--------------|--------|
| Accounts                receivable - oil and natural gas sales |   | $      | 1,224              |   | $      | 5,537      |   | $      | -            |   |
| Prepaid                expenses and other current assets       |   |   | 1,942              |   |   | 209        |   |   | 686          |   |
| Other                assets                                    |   |   | 218                |   |   | -          |   |   | -            |   |
| Oil                and natural gas properties                  |   |   | 64,374             |   |   | 91,216     |   |   | 100,064      |   |
| Accounts                payable and accrued liabilities        |   |   | (34                | )      |   | (629       | )      |   | (670         | )      |
| Asset                retirement obligations                    |   |   | (1,244             | )      |   | (1,456     | )      |   | (3,177       | )      |
| Accumulated                other comprehensive income          |   |   | (424               | )      |   | -          |   |   | -            |   |
| Allocation                of purchase price                    |   | $      | 66,056             |   | $      | 94,877     |   | $      | 96,903       |   |

|                                                        |   | **Successor**                                             |   |           | **Predecessor**                                           |         |
|-------------------------------------------------------------|--------|-----------------------------------------------------------|--------|----------------|-----------------------------------------------------------|--------------|
|                                                        |   | **Three                      Months Ended June 30, 2007** |   |           | **Three                      Months Ended June 30, 2006** |         |
|                                                        |   | **As**                                                    |   |           |                                                      | **As**       |   |   | **As** |   |   |   | **As** |   |
|                                                        |   | **Reported**                                              |   | **Adjustment** |                                                      | **Restated** |   |   | **Reported** |   | **Adjustment** |   | **Restated** |   |
| Revenues                                                    |   | $                                                         | 35,611 |           | $                                                         | –      |   | $ | 35,611 |   |   | $ | 39,405 |   | $ | - |   | $ | 39,405 |   |
| Net                      income                             |   | $                                                         | 20,636 |           | $                                                         | (2,874       | ) | $ | 17,762 |   |   | $ | 18,205 |   | $ | (3,100 | ) | $ | 15,105 |   |
| Net                      income per limited partner unit:   |   |                                                      |   |           |                                                      |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                      units (basic and diluted)       |   | $                                                         | 1.60   |           | $                                                         | (0.43        | ) | $ | 1.17 |   |   |   |   |   |   |   |   |   |   |   |
| Subordinated                      units (basic and diluted) |   | $                                                         | 1.60   |           | $                                                         | (0.43        | ) | $ | 1.17 |   |   |   |   |   |   |   |   |   |   |   |

|                                                      |   | **Successor**                                         |   |           | **Predecessor**                                       |         |
|-----------------------------------------------------------|--------|-------------------------------------------------------|--------|----------------|-------------------------------------------------------|--------------|
|                                                      |   | **Six                    Months Ended June 30, 2007** |   |           | **Six                    Months Ended June 30, 2006** |         |
|                                                      |   | **As**                                                |   |           |                                                  | **As**       |   |   | **As** |   |   |   | **As** |   |
|                                                      |   | **Reported**                                          |   | **Adjustment** |                                                  | **Restated** |   |   | **Reported** |   | **Adjustment** |   | **Restated** |   |
| Revenues                                                  |   | $                                                     | 67,395 |           | $                                                     | –      |   | $ | 67,395 |   |   | $ | 82,273 |   | $ | - |   | $ | 82,273 |   |
| Net                    income                             |   | $                                                     | 29,841 |           | $                                                     | (7,745       | ) | $ | 22,096 |   |   | $ | 41,321 |   | $ | (5,732 | ) | $ | 35,589 |   |
| Net                    income per limited partner unit:   |   |                                                  |   |           |                                                  |         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Common                    units (basic and diluted)       |   | $                                                     | 2.69   |           | $                                                     | (1.24        | ) | $ | 1.45 |   |   |   |   |   |   |   |   |   |   |   |
| Subordinated                    units (basic and diluted) |   | $                                                     | 2.69   |           | $                                                     | (1.24        | ) | $ | 1.45 |   |   |   |   |   |   |   |   |   |   |   |

----

**EV      Energy Partners, L.P.**

**Notes      to Unaudited Condensed Consolidated/Combined Financial Statements      (continued)**

**NOTE      4. RISK MANAGEMENT**

|    **Period                Covered** |   |   | **Index**                          |   |   | **Hedged                Volume (Bbl or MMBtu**)**** |   |   | **Weighted                Average Fixed Price** |   |    | **Weighted                Average Floor Price** |   |   | **Weighted                Average Ceiling****Price** |   |
|-----------------------------------------------------|--------|--------|------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|-------------------------------------------------|--------|---------|-------------------------------------------------|--------|--------|------------------------------------------------------|--------|
| Oil:                                                |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | WTI                                |   |   | 91,571                                              |   | $      | 70.181                                          |   |  $ |                                            |   | $      |                                                 |   |
| Swaps                - 2008                         |   |   | WTI                                |   |   | 115,140                                             |   |   | 71.529                                          |   |    |                                            |   |   |                                                 |   |
| Swaps                - 2009                         |   |   | WTI                                |   |   | 102,446                                             |   |   | 71.345                                          |   |    |                                            |   |   |                                                 |   |
| Swap                - 2010                          |   |   | WTI                                |   |   | 36,500                                              |   |   | 72.000                                          |   |    |                                            |   |   |                                                 |   |
| Collar                - 2008                        |   |   | WTI                                |   |   | 45,750                                              |   |   |                                            |   |    | 62.000                                          |   |   | 73.950                                               |   |
| Collar                - 2009                        |   |   | WTI                                |   |   | 45,625                                              |   |   |                                            |   |    | 62.000                                          |   |   | 73.900                                               |   |
|                                                |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Natural                Gas:                         |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | Dominion                Appalachia |   |   | 570,400                                             |   |   | 10.265                                          |   |    |                                            |   |   |                                                 |   |
| Swaps                - 2008                         |   |   | Dominion                Appalachia |   |   | 988,200                                             |   |   | 9.750                                           |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | NYMEX                              |   |   | 1,012,000                                           |   |   | 8.519                                           |   |    |                                            |   |   |                                                 |   |
| Collar                - remainder of 2007           |   |   | NYMEX                              |   |   | 460,000                                             |   |   |                                            |   |    | 7.250                                           |   |   | 9.050                                                |   |
| Swaps                - 2008                         |   |   | NYMEX                              |   |   | 1,464,000                                           |   |   | 8.848                                           |   |    |                                            |   |   |                                                 |   |
| Collars                - 2008                       |   |   | NYMEX                              |   |   | 2,196,000                                           |   |   |                                            |   |    | 7.667                                           |   |   | 10.250                                               |   |
| Swaps                - 2009                         |   |   | NYMEX                              |   |   | 1,642,500                                           |   |   | 7.989                                           |   |    |                                            |   |   |                                                 |   |
| Collars                - 2009                       |   |   | NYMEX                              |   |   | 2,555,000                                           |   |   |                                            |   |    | 7.786                                           |   |   | 9.500                                                |   |
| Swap                - 2010                          |   |   | NYMEX                              |   |   | 912,500                                             |   |   | 8.520                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - remainder of 2007             |   |   | MICHCON_NB                         |   |   | 368,000                                             |   |   | 10.255                                          |   |    |                                            |   |   |                                                 |   |
| Collar                - remainder of 2007           |   |   | MICHCON_NB                         |   |   | 552,000                                             |   |   |                                            |   |    | 8.000                                           |   |   | 9.270                                                |   |
| Swap                - 2008                          |   |   | MICHCON_NB                         |   |   | 732,000                                             |   |   | 8.100                                           |   |    |                                            |   |   |                                                 |   |
| Collar                -2008                         |   |   | MICHCON_NB                         |   |   | 732,000                                             |   |   |                                            |   |    | 8.000                                           |   |   | 9.550                                                |   |
| Swap                - 2009                          |   |   | MICHCON_NB                         |   |   | 1,460,000                                           |   |   | 8.110                                           |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | HOUSTON                SC          |   |   | 728,874                                             |   |   | 7.875                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - 2008                          |   |   | HOUSTON                SC          |   |   | 1,241,657                                           |   |   | 8.350                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - 2009                          |   |   | HOUSTON                SC          |   |   | 1,029,171                                           |   |   | 8.200                                           |   |    |                                            |   |   |                                                 |   |

*Accounting      for Derivative Instruments and Hedging Activities, as amended. *
*.*

----

**EV      Energy Partners, L.P.**

**Notes      to Unaudited Condensed Consolidated/Combined Financial Statements      (continued)**

**NOTE      5. LONG-TERM DEBT**

**NOTE      6. COMMITMENTS AND CONTINGENCIES**

**Litigation**

**Environmental      Matters**

**NOTE      7. OWNERS’ EQUITY**

----

**EV        Energy Partners, L.P.**

**Notes        to Unaudited Condensed Consolidated/Combined Financial Statements        (continued)**

**NOTE      8. COMPREHENSIVE INCOME **

|                                                          |   | **Successor**                                                        |   | **Predecessor**                                                      |   | **Successor**                                                        |   | **Predecessor**                                        |   |
|---------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|----------------------------------------------------------------------|--------|--------------------------------------------------------|--------|
|                                                               |   | **Three                MonthsEnded****June                30, 2007** |   | **Three                MonthsEnded****June                30, 2006** |   | **Six****MonthsEnded****June                30, 2007****(Restated)** |   | **Six****MonthsEnded****June                30, 2006** |   |
| Net                income                                     |   | $                                                                    | 11,957 |                                                                 | $      | 4,851                                                                |   | $                                                      | 9,355  |   | $ | 11,073 |   |
| Other                comprehensive (loss) income:             |   |                                                                 |   |                                                                 |   |                                                                 |   |                                                   |   |   |   |   |   |
| Unrealized                gains on derivatives                |   |                                                                 | -      |                                                                 |   | 2,851                                                                |   |                                                   | -      |   |   | 8,385 |   |
| Reclassification                adjustment into earnings |   |                                                                 | (947   | )                                                                    |   | 128                                                                  |   |                                                   | (1,694 | ) |   | 232 |   |
| Comprehensive                income                           |   | $                                                                    | 11,010 |                                                                 | $      | 7,830                                                                |   | $                                                      | 7,661  |   | $ | 19,690 |   |

**NOTE      9. NET INCOME PER LIMITED PARTNER UNIT**

*Participating      Securities and the Two-Class Method under FASB Statement      No. 128*

|                                                                  |   | **Successor**                                                              |
|------------------------------------------------------------------|--------|---------------------------------------------------------------------------------|
|                                                                  |   | **Three                  Months Ended****June                  30, 2007**  | **Six                  Months Ended****June                  30, 2007** |
|                                                             |   |                                                                            | **$ ** |   |   | **Per                  Limited Partner Unit** |   |   | **$ ** |   |   | **Per                  Limited Partner Unit** |   |
| Net                  income                                      |   | $                                                                               | 11,957 |   |   |   |   | $ | 9,355 |   |   |   |   |
| Less:                  General partner 2% interest in net income |   |                                                                            | (239 | ) |   |   |   |   | (187 | ) |   |   |   |
| Net                  income available for limited partners       |   | $                                                                               | 11,718 |   | $ | 0.93 |   | $ | 9,168 |   | $ | 0.84 |   |

----

**EV        Energy Partners, L.P.**

**Notes        to Unaudited Condensed Consolidated/Combined Financial Statements        (continued)**

**NOTE      10. RELATED PARTY TRANSACTIONS**

**Successor**

**Predecessor**

|   | · | The                  Predecessors sold oil and natural gas properties totaling $0.4                  million to                  a wholly owned subsidiary of EnerVest. No loss was recognized on                  the sale                  as the transaction was deemed to be a transfer of assets between                  entities                  under common control; |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | The                  Predecessors sold other property totaling $0.2 million to a wholly                  owned                  subsidiary of EnerVest. No loss was recognized on the sale as the                  transaction was deemed to be a distribution to the general partner;                  and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

**EV          Energy Partners, L.P.**

**Notes          to Unaudited Condensed Consolidated/Combined Financial Statements          (continued)**

|   | · | The                  Predecessors sold investments in affiliated companies totaling                  $1.3                  million to a wholly owned subsidiary of EnerVest. No loss was recognized                  on the sale as the transaction was deemed to be a transfer of assets                  between entities under common control. Prior to the sale, the Predecessors                  recorded the proportionate share of net income from the investments                  in                  affiliated companies under the equity method of                  accounting. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**NOTE      11. OTHER SUPPLEMENTAL INFORMATION**

|                                                                                                                                                  |   |   | **Successor**                                                   |   |   | **Predecessor**                                                |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|----------------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|
|                                                                                                                                                       |   |   | **Six                Months Ended****June                30,**  |   |   | **Six                Months Ended****June                30,** |   |
|                                                                                                                                                  |   |   | **2007**                                                             |   |   | **2006**                                                       |   |
| Supplemental                cash flows information:                                                                                                   |   |   |                                                                 |   |   |                                                           |   |
| Cash                paid for interest                                                                                                                 |   | $      | 2,157                                                                |   | $      | 388                                                            |   |
| Cash                paid for income taxes                                                                                                             |   |   | -                                                                    |   |   | 2,635                                                          |   |
|                                                                                                                                                  |   |   |                                                                 |   |   |                                                           |   |
| Non-cash                transactions:                                                                                                                 |   |   |                                                                 |   |   |                                                           |   |
| Costs                for development of oil and natural gas properties in accounts                payable and                accrued liabilities |   |   | (517                                                                 | )      |   | 1,349                                                          |   |
| Distribution/sale                of oil and natural gas properties, other property and investments                in affiliates to EnerVest      |   |   | -                                                                    |   |   | 1,837                                                          |   |
| Reduction                in debt through partner contribution                                                                                         |   |   | -                                                                    |   |   | 150                                                            |   |
| Increase                in due to affiliates for the incurrence of offering costs on our                behalf                                        |   |   | -                                                                    |   |   | 1,500                                                          |   |
| Conversion                of accounts payable to EnerVest to owners’ equity                                                                     |   |   | -                                                                    |   |   | 3,165                                                          |   |

**NOTE      12. NEW ACCOUNTING STANDARDS**

*Fair      Value Measurements,*

*The      Fair Value Option for Financial Assets and Financial Liabilities - Including      an      amendment of FASB Statement No. 115*

**NOTE      13. SUBSEQUENT EVENT**

----

**ITEM      2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF      OPERATIONS**

*Management’s      Discussion and Analysis of Financial Condition and Results of Operations should      be read in conjunction with our condensed consolidated/combined financial      statements and the related notes thereto, as well as our Annual Report on Form      10-K for the year ended December 31, 2006.*

**OVERVIEW**

|   | · | EV                  Properties, a limited partnership that owned oil and natural gas                  properties and related assets in the Monroe Field in Northern Louisiana                  and in the Appalachian Basin in West Virginia,                  and |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | CGAS                  Exploration, a corporation that owned oil and natural gas properties                  and                  related assets in the Appalachian Basin primarily in                  Ohio. |
|--------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EnerVest                  Production Partners, a limited partnership that owned oil and natural                  gas                  properties and related assets in the Monroe Field in Northern Louisiana,                  and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | EnerVest                  WV, a limited partnership that owned oil and natural gas properties                  and                  related assets in West Virginia. |
|--------|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | CGAS                  Exploration incurred substantial expenses related to exploration                  activities, which we do not plan to                  do; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the                  contracts under which our predecessors reimbursed EnerVest for                  general and                  administrative costs were different than the contracts under which                  we                  reimburse EnerVest; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our                  predecessors did not incur the additional costs of being a public                  company. |
|--------|--------|------------------------------------------------------------------------------------------------------------------|

**Recent      Acquisitions**

----

**Issuance      of Common Units in 2007**

**BUSINESS      ENVIRONMENT**

----

**RESULTS      OF OPERATIONS**

|                                                         |   |   | **Successor****(1)**                                              |   |   | **Predecessor**                                                  |   |   | **Successor****(1)**                                      |   |   | **Predecessor**                                                |   |
|---------------------------------------------------------|--------|--------|------------------------------------------------------------------------|--------|--------|------------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|--------|----------------------------------------------------------------|--------|
|                                                         |   |   | **Three                Months Ended****June                30,**  |   |   | **Three                Months Ended****June                30,** |   |   | **Six                Months Ended****June                30,** |   |   | **Six                Months Ended****June                30,** |   |
|                                                    |   |   | **2007**                                                               |   |   | **2006**                                                         |   |   | **2007**                                                       |   |   | **2006**                                                       |   |
|                                                    |   |   |                                                                   |   |   |                                                             |   |   |                                                           |   |   |                                                           |   |
| Production                data:                         |   |   |                                                                   |   |   |                                                             |   |   |                                                           |   |   |                                                           |   |
| Oil                and natural gas liquids (MBbls)      |   |   | 35                                                                     |   |   | 50                                                               |   |   | 66                                                             |   |   | 100                                                            |   |
| Natural                gas (MMcf)                       |   |   | 2,143                                                                  |   |   | 1,099                                                            |   |   | 3,301                                                          |   |   | 2,085                                                          |   |
| Net                production (MMcfe)                   |   |   | 2,352                                                                  |   |   | 1,399                                                            |   |   | 3,698                                                          |   |   | 2,685                                                          |   |
| Average                sales price per unit:            |   |   |                                                                   |   |   |                                                             |   |   |                                                           |   |   |                                                           |   |
| Oil                and natural gas liquids (Bbl)        |   | $      | 59.31                                                                  |   | $      | 66.16                                                            |   | $      | 57.05                                                          |   | $      | 62.50                                                          |   |
| Natural                gas (Mcf)                        |   |   | 7.34                                                                   |   |   | 7.42                                                             |   |   | 7.29                                                           |   |   | 8.10                                                           |   |
| Average                unit cost per Mcfe:              |   |   |                                                                   |   |   |                                                             |   |   |                                                           |   |   |                                                           |   |
| Production                costs:                        |   |   |                                                                   |   |   |                                                             |   |   |                                                           |   |   |                                                           |   |
| Lease                operating expenses                 |   | $      | 1.79                                                                   |   | $      | 1.48                                                             |   | $      | 1.76                                                           |   | $      | 1.44                                                           |   |
| Production                taxes                         |   |   | 0.20                                                                   |   |   | 0.05                                                             |   |   | 0.23                                                           |   |   | 0.04                                                           |   |
| Total                                                   |   |   | 1.99                                                                   |   |   | 1.53                                                             |   |   | 1.99                                                           |   |   | 1.48                                                           |   |
| Depreciation,                depletion and amortization |   |   | 1.49                                                                   |   |   | 0.89                                                             |   |   | 1.50                                                           |   |   | 0.88                                                           |   |
| General                and administrative expenses      |   |   | 0.91                                                                   |   |   | 0.15                                                             |   |   | 1.01                                                           |   |   | 0.33                                                           |   |

| (1) | In                  connection with our initial public offering, we acquired substantially                  all                  of the assets and operations of EV Properties and approximately                  one-half                  of the assets and operations of CGAS Exploration. The financial                  statements                  of our predecessors, therefore, include substantial operations                  that we did                  not acquire. In addition, |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | CGAS                  Exploration incurred substantial expenses related to exploration                  activities, which we do not plan to                  do; |
|--------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | the                  contracts under which our predecessors reimbursed EnerVest for                  general and                  administrative costs were different than the contracts under which                  we                  reimburse EnerVest; and |
|--------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|   | · | our                  predecessors did not incur the additional costs of being a public                  company. |
|--------|--------|------------------------------------------------------------------------------------------------------------------|

----

**Three        Months Ended June 30, 2007 Compared with the Three Months Ended June 30,        2006**

----

**Six        Months Ended June 30, 2007 Compared with the Six Months Ended June 30,        2006**

----

**LIQUIDITY          AND CAPITAL RESOURCES**

**Available      Credit Facility**

**Cash      Flows**

|                                |   |   | **Successor**  |   |   | **Predecessor** |   |
|-------------------------------------|--------|--------|---------------------|--------|--------|-----------------|--------|
| Operating                activities |   | $      | 21,069              |   | $      | 13,963          |   |
| Investing                activities |   |   | (262,046            | )      |   | (4,331          | )      |
| Financing                activities |   |   | 252,403             |   |   | (14,260         | )      |

*Operating      Activities*

*Investing      Activities*

----

*Financing        Activities*

**NEW      ACCOUNTING STANDARDS**

*Fair      Value Measurements,*

*The      Fair Value Option for Financial Assets and Financial Liabilities - Including      an      amendment of FASB Statement No. 115*

**FORWARD-LOOKING      STATEMENTS**

----

**ITEM        3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET        RISK**

**Commodity        Price Risk**

|    **Period                Covered** |   |   | **Index**                          |   |   | **Hedged                Volume (Bbl or MMBtu**)**** |   |   | **Weighted                Average Fixed Price** |   |    | **Weighted                Average Floor Price** |   |   | **Weighted                Average Ceiling****Price** |   |
|-----------------------------------------------------|--------|--------|------------------------------------|--------|--------|-----------------------------------------------------|--------|--------|-------------------------------------------------|--------|---------|-------------------------------------------------|--------|--------|------------------------------------------------------|--------|
| Oil:                                                |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | WTI                                |   |   | 91,571                                              |   | $      | 70.181                                          |   |  $ |                                            |   | $      |                                                 |   |
| Swaps                - 2008                         |   |   | WTI                                |   |   | 115,140                                             |   |   | 71.529                                          |   |    |                                            |   |   |                                                 |   |
| Swaps                - 2009                         |   |   | WTI                                |   |   | 102,446                                             |   |   | 71.345                                          |   |    |                                            |   |   |                                                 |   |
| Swap                - 2010                          |   |   | WTI                                |   |   | 36,500                                              |   |   | 72.000                                          |   |    |                                            |   |   |                                                 |   |
| Collar                - 2008                        |   |   | WTI                                |   |   | 45,750                                              |   |   |                                            |   |    | 62.000                                          |   |   | 73.950                                               |   |
| Collar                - 2009                        |   |   | WTI                                |   |   | 45,625                                              |   |   |                                            |   |    | 62.000                                          |   |   | 73.900                                               |   |
|                                                |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Natural                Gas:                         |   |   |                               |   |   |                                                |   |   |                                            |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | Dominion                Appalachia |   |   | 570,400                                             |   |   | 10.265                                          |   |    |                                            |   |   |                                                 |   |
| Swaps                - 2008                         |   |   | Dominion                Appalachia |   |   | 988,200                                             |   |   | 9.750                                           |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | NYMEX                              |   |   | 1,012,000                                           |   |   | 8.519                                           |   |    |                                            |   |   |                                                 |   |
| Collar                - remainder of 2007           |   |   | NYMEX                              |   |   | 460,000                                             |   |   |                                            |   |    | 7.250                                           |   |   | 9.050                                                |   |
| Swaps                - 2008                         |   |   | NYMEX                              |   |   | 1,464,000                                           |   |   | 8.848                                           |   |    |                                            |   |   |                                                 |   |
| Collars                - 2008                       |   |   | NYMEX                              |   |   | 2,196,000                                           |   |   |                                            |   |    | 7.667                                           |   |   | 10.250                                               |   |
| Swaps                - 2009                         |   |   | NYMEX                              |   |   | 1,642,500                                           |   |   | 7.989                                           |   |    |                                            |   |   |                                                 |   |
| Collars                - 2009                       |   |   | NYMEX                              |   |   | 2,555,000                                           |   |   |                                            |   |    | 7.786                                           |   |   | 9.500                                                |   |
| Swap                - 2010                          |   |   | NYMEX                              |   |   | 912,500                                             |   |   | 8.520                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - remainder of 2007             |   |   | MICHCON_NB                         |   |   | 368,000                                             |   |   | 10.255                                          |   |    |                                            |   |   |                                                 |   |
| Collar                - remainder of 2007           |   |   | MICHCON_NB                         |   |   | 552,000                                             |   |   |                                            |   |    | 8.000                                           |   |   | 9.270                                                |   |
| Swap                - 2008                          |   |   | MICHCON_NB                         |   |   | 732,000                                             |   |   | 8.100                                           |   |    |                                            |   |   |                                                 |   |
| Collar                -2008                         |   |   | MICHCON_NB                         |   |   | 732,000                                             |   |   |                                            |   |    | 8.000                                           |   |   | 9.550                                                |   |
| Swap                - 2009                          |   |   | MICHCON_NB                         |   |   | 1,460,000                                           |   |   | 8.110                                           |   |    |                                            |   |   |                                                 |   |
| Swaps                - remainder of 2007            |   |   | HOUSTON                SC          |   |   | 728,874                                             |   |   | 7.875                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - 2008                          |   |   | HOUSTON                SC          |   |   | 1,241,657                                           |   |   | 8.350                                           |   |    |                                            |   |   |                                                 |   |
| Swap                - 2009                          |   |   | HOUSTON                SC          |   |   | 1,029,171                                           |   |   | 8.200                                           |   |    |                                            |   |   |                                                 |   |

*Accounting      for Derivative Instruments and Hedging Activities*

**ITEM      4. CONTROLS AND PROCEDURES**

**Evaluation      of Disclosure Controls and Procedures** 

----

**Change        in Internal Controls Over Financial Reporting**

**PART      II. OTHER INFORMATION**

**ITEM      1. LEGAL PROCEEDINGS** 

**ITEM      1A. RISK FACTORS** 

**ITEM      2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF      PROCEEDS** 

**ITEM      3. DEFAULTS UPON SENIOR SECURITIES**

**ITEM      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS** 

**ITEM      5. OTHER INFORMATION**

**ITEM      6. EXHIBITS**

| 2.1 | Purchase                  and Sale Agreement between EV Properties, L.P. and EnerVest Energy                  Institutional Fund IX, L.P. and EnerVest Energy Institutional Fund                  IX-WI,                  L.P. dated January 9, 2007 (Incorporated by reference from Exhibit                  2.1 to                  EV Energy Partners, L.P.’s current report on Form 8-K filed with the SEC                  on January 16, 2007). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| 2.2 | First                  Amendment to Agreement of Sale and Purchase by and among EnerVest                  Monroe                  Limited Partnership, EnerVest Monroe Pipeline GP, L.C., EnerVest                  Production Partners, Ltd and EVPP GP, LLC dated March 29, 2007                  (Incorporated by reference from Exhibit 2.1 to EV Energy Partners,                  L.P.’s                  current report on Form 8-K filed with the SEC on April 4,                  2007). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| +2.3 | Purchase                  and Sale Agreement between Anadarko E&P Company LP and Kerr-McGee Oil                  and Gas Onshore LP, as Seller and EnerVest Energy Institutional                  Fund X-A,                  L.P., EnerVest Energy Institutional Fund X-WI, L.P., EnerVest Energy                  Institutional Fund XI-A, L.P., EnerVest Energy Institutional Fund                  XI-WI,                  L.P., EnerVest Management Partners, Ltd., Wachovia Investment Holdings,                  LLC and EV Properties, L.P. dated April 13,                  2007. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Purchase                  Agreement, dated February 27, 2007, by and among EV Energy Partners,                  L.P.                  and the Purchasers named therein (Incorporated by reference from                  Exhibit                  10.1 to EV Energy Partners, L.P.’s current report on Form 8-K filed with                  the SEC on February 28, 2007). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Registration                  Right Agreement, dated February 27, 2007, by and among EV Energy                  Partners,                  L.P. and the Purchasers named therein (Incorporated by reference                  from                  Exhibit 10.2 to EV Energy Partners, L.P.’s current report on Form 8-K                  filed with the SEC on February 28,                  2007). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Purchase                  Agreement, dated June 1, 2007, by and among EV Energy Partners,                  L.P. and                  the Purchasers named therein (Incorporated by reference from Exhibit                  10.1                  to EV Energy Partners, L.P.’s current report on Form 8-K filed with the                  SEC on June 4, 2007). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Registration                  Right Agreement, dated June 1, 2007, by and among EV Energy Partners,                  L.P.                  and the Purchasers named therein (Incorporated by reference from                  Exhibit                  10.2 to EV Energy Partners, L.P.’s current report on Form 8-K filed with                  the SEC on June 4, 2007). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| +31.1 | Rule 13a-14(a)/15d-14(a)                  Certification of Chief Executive                  Officer. |
|-------|-----------------------------------------------------------------------------------------------------------|

| +31.2 | Rule 13a-14(a)/15d-14(a)                  Certification of Chief Financial                  Officer. |
|-------|-----------------------------------------------------------------------------------------------------------|

| +32                  .1 | Section 1350                  Certification of Chief Executive Officer |
|-------------------------|-----------------------------------------------------------------------------|

| +32.2 | Section                  1350 Certification of Chief Financial                  Officer |
|-------|-----------------------------------------------------------------------------------------|

----

**SIGNATURES**

|                                            |                                                                        |                                    |
|-------------------------------------------------|-----------------------------------------------------------------------------|-----------------------------------------|
|                                            | **EV                Energy Partners, L.P.**                                 |
|                                       | **(Registrant)**                                                       |
| Date: September              7, 2007  | By:                                                               | /s/ MICHAEL              E. MERCER |
|                                            | Michael                E. Mercer                                            |
|                                            | Senior              Vice President and Chief Financial              Officer |

----

**EXHIBIT      INDEX**

| 2.1 | Purchase                  and Sale Agreement between EV Properties, L.P. and EnerVest Energy                  Institutional Fund IX, L.P. and EnerVest Energy Institutional Fund                  IX-WI,                  L.P. dated January 9, 2007 (Incorporated by reference from Exhibit                  2.1 to                  EV Energy Partners, L.P.’s current report on Form 8-K filed with the SEC                  on January 16, 2007). |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 2.2 | First                  Amendment to Agreement of Sale and Purchase by and among EnerVest                  Monroe                  Limited Partnership, EnerVest Monroe Pipeline GP, L.C., EnerVest                  Production Partners, Ltd and EVPP GP, LLC dated March 29, 2007                  (Incorporated by reference from Exhibit 2.1 to EV Energy Partners,                  L.P.’s                  current report on Form 8-K filed with the SEC on April 4,                  2007). |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| +2.3 | Purchase                  and Sale Agreement between Anadarko E&P Company LP and Kerr-McGee Oil                  and Gas Onshore LP, as Seller and EnerVest Energy Institutional                  Fund X-A,                  L.P., EnerVest Energy Institutional Fund X-WI, L.P., EnerVest Energy                  Institutional Fund XI-A, L.P., EnerVest Energy Institutional Fund                  XI-WI,                  L.P., EnerVest Management Partners, Ltd., Wachovia Investment Holdings,                  LLC and EV Properties, L.P. dated April 13,                  2007. |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.1 | Purchase                  Agreement, dated February 27, 2007, by and among EV Energy Partners,                  L.P.                  and the Purchasers named therein (Incorporated by reference from                  Exhibit                  10.1 to EV Energy Partners, L.P.’s current report on Form 8-K filed with                  the SEC on February 28, 2007). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.2 | Registration                  Right Agreement, dated February 27, 2007, by and among EV Energy                  Partners,                  L.P. and the Purchasers named therein (Incorporated by reference                  from                  Exhibit 10.2 to EV Energy Partners, L.P.’s current report on Form 8-K                  filed with the SEC on February 28,                  2007). |
|------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.3 | Purchase                  Agreement, dated June 1, 2007, by and among EV Energy Partners,                  L.P. and                  the Purchasers named therein (Incorporated by reference from Exhibit                  10.1                  to EV Energy Partners, L.P.’s current report on Form 8-K filed with the                  SEC on June 4, 2007). |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| 10.4 | Registration                  Right Agreement, dated June 1, 2007, by and among EV Energy Partners,                  L.P.                  and the Purchasers named therein (Incorporated by reference from                  Exhibit                  10.2 to EV Energy Partners, L.P.’s current report on Form 8-K filed with                  the SEC on June 4, 2007). |
|------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| +31.1 | Rule 13a-14(a)/15d-14(a)                  Certification of Chief Executive                  Officer. |
|-------|-----------------------------------------------------------------------------------------------------------|

| +31.2 | Rule 13a-14(a)/15d-14(a)                  Certification of Chief Financial                  Officer. |
|-------|-----------------------------------------------------------------------------------------------------------|

| +32                  .1 | Section 1350                  Certification of Chief Executive Officer |
|-------------------------|-----------------------------------------------------------------------------|

| +32.2 | Section                  1350 Certification of Chief Financial                  Officer |
|-------|-----------------------------------------------------------------------------------------|

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