----

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**UNITED      STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington,      D.C. 20549**

**Form 10-Q**

**x**

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

**EXCHANGE      ACT OF 1934**

**For      the quarterly period ended September 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) 651-1144**

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

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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 |   | 14     |
| Item                  3. Quantitative and Qualitative Disclosures About Market                  Risk                                  |   | 21     |
| Item                  4. Controls and Procedures                                                                                      |   | 22     |
|                                                                                                                                  |   |   |
| PART                  II. OTHER INFORMATION                                                                                           |   |   |
|                                                                                                                                  |   |   |
| Item                  1. Legal Proceedings                                                                                            |   | 23     |
| Item                  1A. Risk Factors                                                                                                |   | 23     |
| Item                  2. Unregistered Sales of Equity Securities and Use of                  Proceeds                                 |   | 23     |
| Item                  3. Defaults Upon Senior Securities                                                                              |   | 23     |
| Item                  4. Submission of Matters to a Vote of Security Holders                                                          |   | 23     |
| Item                  5. Other Information                                                                                            |   | 23     |
| Item                  6. Exhibits                                                                                                     |   | 23     |
|                                                                                                                                  |   |   |
| Signatures                                                                                                                            |   | 25     |

----

**PART          1. FINANCIAL INFORMATION**

**ITEM          1. FINANCIAL STATEMENTS**

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

**Condensed          Consolidated Balance Sheets**

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

***(Unaudited)***

|                                                                                                                                                                                                                                                   |   | **September                      30,** |    | **December                      31,** |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------|---------|---------------------------------------|--------|
|                                                                                                                                                                                                                                                   |   | **2007**                               |    | **2006**                              |   |
| **ASSETS**                                                                                                                                                                                                                                             |   |                                   |    |                                  |   |   |   |
| Current assets:                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
|     Cash and cash equivalents                                                                                                                                                                                       |   | $                                      | 23,461  |                                  | $      | 1,875 |   |
|     Accounts receivable:                                                                                                                                                                                                      |   |                                   |    |                                  |   |   |   |
|         Oil, natural gas and natural gas liquids sales                                                                                                                      |   |                                   | 11,798  |                                  |   | 4,608 |   |
|         Related party                                                                                                                                                                                     |   |                                   | 2,332   |                                  |   | 1,996 |   |
|         Other                                                                                                                                                                                                  |   |                                   | 24      |                                  |   | 56 |   |
|     Derivative asset                                                                                                                                                                                                          |   |                                   | 4,865   |                                  |   | 5,929 |   |
|     Prepaid expenses and other current assets                                                                                                                                                             |   |                                   | 349     |                                  |   | 790 |   |
|         Total current assets                                                                                                                                                                         |   |                                   | 42,829  |                                  |   | 15,254 |   |
|                                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
| Oil and natural gas properties, net of accumulated depreciation, depletion and amortization; September 30, 2007, $17,256; December 31, 2006, $4,092     |   |                                   | 366,835 |                                  |   | 114,401 |   |
| Other property, net of accumulated depreciation and amortization;     September 30, 2007, $225; December 31, 2006, $195                                 |   |                                   | 238     |                                  |   | 283 |   |
| Long-term derivative asset                                                                                                                                                                                                              |   |                                   | 1,080   |                                  |   | 2,286 |   |
| Other assets                                                                                                                                                                                                                                      |   |                                   | 16,815  |                                  |   | 465 |   |
| Total assets                                                                                                                                                                                                                                      |   | $                                      | 427,797 |                                  | $      | 132,689 |   |
|                                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
| **LIABILITIES AND OWNERS’ EQUITY**                                                                                                                                                                                                |   |                                   |    |                                  |   |   |   |
| Current liabilities:                                                                                                                                                                                                                              |   |                                   |    |                                  |   |   |   |
|     Accounts payable and accrued liabilities                                                                                                                                                                   |   | $                                      | 8,002   |                                  | $      | 3,248 |   |
|     Deferred revenues                                                                                                                                                                                                         |   |                                   | 538     |                                  |   | - |   |
|     Derivative liability                                                                                                                                                                                                      |   |                                   | 312     |                                  |   | - |   |
|         Total current liabilities                                                                                                                                                                    |   |                                   | 8,852   |                                  |   | 3,248 |   |
|                                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
| Asset retirement obligations                                                                                                                                                                                                                 |   |                                   | 11,507  |                                  |   | 5,188 |   |
| Share-based compensation liability                                                                                                                                                                                                           |   |                                   | 932     |                                  |   | - |   |
| Long-term derivative liability                                                                                                                                                                                                               |   |                                   | 529     |                                  |   | - |   |
| Long-term debt                                                                                                                                                                                                                                    |   |                                   | 91,000  |                                  |   | 28,000 |   |
|                                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
| Commitments and contingencies                                                                                                                                                                                                                |   |                                   |    |                                  |   |   |   |
|                                                                                                                                                                                                                                                   |   |                                   |    |                                  |   |   |   |
| Owners’ equity:                                                                                                                                                                                                                             |   |                                   |    |                                  |   |   |   |
|     Common unitholders - 11,839,439 units and 4,495,000 units issued and outstanding as of September 30, 2007 and December 31, 2006 |   |                                   | 299,110 |                                  |   | 77,701 |   |
|     Subordinated unitholders -                      3,100,000 units issued and outstanding as of September 30, 2007 and December 31, 2006               |   |                                   | 6,527   |                                  |   | 10,830 |   |
|     General partner interest                                                                                                                                                                                             |   |                                   | 7,135   |                                  |   | 3,379 |   |
|     Accumulated other comprehensive income                                                                                                                                                                     |   |                                   | 2,205   |                                  |   | 4,343 |   |
|         Total owners’ equity                                                                                                                                                                   |   |                                   | 314,977 |                                  |   | 96,253 |   |
| Total liabilities and owners’ equity                                                                                                                                                                                         |   | $                                      | 427,797 |                                  | $      | 132,689 |   |

----

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

**Condensed        Statements of Operations**

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

***(Unaudited)***

|                                                                                                                                           |   | **Successor**                                                                 |   |  **Predecessor**                                                               |   | **Successor**                                                                |   |  **Predecessor**                                                              |   |
|------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------|--------|------------------------------------------------------------------------------------|--------|
|                                                                                                                                           |   | **Three                    Months Ended****September                    30,** |   |  **Three                    Months Ended****September                    30,** |   | **Nine                    Months Ended****September                    30,** |   |  **Nine                    Months Ended****September                    30,** |   |
|                                                                                                                                           |   | **2007**                                                                      |   |  **2006**                                                                      |   | **2007**                                                                     |   |  **2006**                                                                     |   |
|                                                                                                                                           |   | *(Consolidated)*                                                              |   |  *(Combined)*                                                                  |   | *(Consolidated)*                                                             |   |  *(Combined)*                                                                 |   |
| Revenues:                                                                                                                                      |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
|      Oil,                    natural gas and natural gas liquids revenues                                             |   | $                                                                             | 26,354 |                                                                                | $      | 11,204                                                                       |   | $                                                                                  | 54,185 |   | $ | 34,379 |   |
|      Gain                    on derivatives, net                                                                      |   |                                                                          | 869    |                                                                                |   | 1,252                                                                        |   |                                                                               | 2,563  |   |   | 1,254 |   |
|      Transportation                    and marketing-related revenues                                                 |   |                                                                          | 2,206  |                                                                                |   | 1,424                                                                        |   |                                                                               | 7,826  |   |   | 4,458 |   |
|           Total                    revenues                                                  |   |                                                                          | 29,429 |                                                                                |   | 13,880                                                                       |   |                                                                               | 64,574 |   |   | 40,091 |   |
|                                                                                                                                           |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
| Operating                    costs and                    expenses:                          |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
|      Lease                    operating expenses                                                                      |   |                                                                          | 7,375  |                                                                                |   | 2,207                                                                        |   |                                                                               | 13,896 |   |   | 6,085 |   |
|      Cost                    of purchased natural gas                                                                 |   |                                                                          | 1,876  |                                                                                |   | 1,170                                                                        |   |                                                                               | 6,762  |   |   | 3,860 |   |
|      Production                    taxes                                                                              |   |                                                                          | 819    |                                                                                |   | 63                                                                           |   |                                                                               | 1,671  |   |   | 185 |   |
|      Exploration                    expenses                                                                          |   |                                                                          | -      |                                                                                |   | 708                                                                          |   |                                                                               | -      |   |   | 1,061 |   |
|      Dry                    hole costs                                                                                |   |                                                                          | -      |                                                                                |   | 128                                                                          |   |                                                                               | -      |   |   | 354 |   |
|      Impairment                    of unproved oil and natural                       gas properties    |   |                                                                          | -      |                                                                                |   | -                                                                            |   |                                                                               | -      |   |   | 90 |   |
|      Asset                    retirement obligations accretion expense                                                |   |                                                                          | 181    |                                                                                |   | 42                                                                           |   |                                                                               | 395    |   |   | 129 |   |
|      Depreciation,                    depletion and amortization                                                      |   |                                                                          | 6,241  |                                                                                |   | 2,030                                                                        |   |                                                                               | 11,777 |   |   | 4,388 |   |
|      General                    and administrative expenses                                                           |   |                                                                          | 2,636  |                                                                                |   | 610                                                                          |   |                                                                               | 6,367  |   |   | 1,491 |   |
|           Total                    operating costs and expenses                              |   |                                                                          | 19,128 |                                                                                |   | 6,958                                                                        |   |                                                                               | 40,868 |   |   | 17,643 |   |
|                                                                                                                                           |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
| Operating                    income                                                                                                            |   |                                                                          | 10,301 |                                                                                |   | 6,922                                                                        |   |                                                                               | 23,706 |   |   | 22,448 |   |
|                                                                                                                                           |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
| Other                    income (expense), net:                                                                                                |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
|      Interest                    expense                                                                              |   |                                                                          | (1,610 | )                                                                                   |   | (189                                                                         | )      |                                                                               | (3,933 | ) |   | (573 | ) |
|      Gain                    on mark-to-market derivatives, net                                                       |   |                                                                          | 4,985  |                                                                                |   | -                                                                            |   |                                                                               | 2,985  |   |   | - |   |
|      Other                    income, net                                                                             |   |                                                                          | 147    |                                                                                |   | 78                                                                           |   |                                                                               | 420    |   |   | 344 |   |
|           Total                    other income (expense), net      |   |                                                                          | 3,522  |                                                                                |   | (111                                                                         | )      |                                                                               | (528   | ) |   | (229 | ) |
|                                                                                                                                           |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
| Income                    before income taxes and equity in income     of                    affiliates               |   |                                                                          | 13,823 |                                                                                |   | 6,811                                                                        |   |                                                                               | 23,178 |   |   | 22,219 |   |
| Income                    taxes                                                                                                                |   |                                                                          | (88    | )                                                                                   |   | (1,310                                                                       | )      |                                                                               | (88    | ) |   | (5,809 | ) |
| Equity                    in income of affiliates                                                                                              |   |                                                                          | -      |                                                                                |   | -                                                                            |   |                                                                               | -      |   |   | 164 |   |
| Net                    income                                                                                                                  |   | $                                                                             | 13,735 |                                                                                | $      | 5,501                                                                        |   | $                                                                                  | 23,090 |   | $ | 16,574 |   |
| General                    partner’s interest in net income, including incentive distribution                    rights             |   | $                                                                             | 1,721  |                                                                                |   |                                                                         |   | $                                                                                  | 1,908  |   |   |   |   |
| Limited                    partners’ interest in net income                                                                              |   | $                                                                             | 12,014 |                                                                                |   |                                                                         |   | $                                                                                  | 21,182 |   |   |   |   |
| Net                    income per limited partner unit:                                                                                        |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
|      Common                    units (basic and diluted)                                                              |   | $                                                                             | 0.80   |                                                                                |   |                                                                         |   | $                                                                                  | 1.73   |   |   |   |   |
|      Subordinated                    units (basic and diluted)                                                        |   | $                                                                             | 0.80   |                                                                                |   |                                                                         |   | $                                                                                  | 1.73   |   |   |   |   |
| Weighted                    average limited partner units outstanding:                                                                         |   |                                                                          |   |                                                                                |   |                                                                         |   |                                                                               |   |   |   |   |   |
|      Common                    units (basic and diluted)                                                              |   |                                                                          | 11,839 |                                                                                |   |                                                                         |   |                                                                               | 9,132  |   |   |   |   |
|      Subordinated                    units (basic and diluted)                                                        |   |                                                                          | 3,100  |                                                                                |   |                                                                         |   |                                                                               | 3,100  |   |   |   |   |

----

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

**Condensed        Statements of Cash Flows**

***(In        thousands)***

***(Unaudited)***

|                                                                                                                                                                                                              |   | **Successor**                                                            |     |  **Predecessor**                                                          |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------|----------|--------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                                              |   | **Nine                  Months Ended****September                  30,** |     |  **Nine                  Months Ended****September                  30,** |   |
|                                                                                                                                                                                                              |   | **2007**                                                                 |     |  **2006**                                                                 |   |
|                                                                                                                                                                                                              |   | *(Consolidated)*                                                         |     |  *(Combined)*                                                             |   |
|                                                                                                                                                                                                              |   |                                                                     |     |                                                                           |   |   |   |
| Cash                  flows from operating activities:                                                                                                                                                            |   |                                                                     |     |                                                                           |   |   |   |
|      Net                  income                                                                                                                                                         |   | $                                                                        | 23,090   |                                                                           | $      | 16,574 |   |
|      Adjustments                  to reconcile net income to net cash flows provided                  by       operating                  activities: |   |                                                                     |     |                                                                           |   |   |   |
|           Dry                  hole costs                                                                                                                       |   |                                                                     | -        |                                                                           |   | 354 |   |
|           Impairment                  of unproved properties                                                                                                    |   |                                                                     | -        |                                                                           |   | 90 |   |
|           Asset                  retirement obligations accretion expense                                                                                       |   |                                                                     | 395      |                                                                           |   | 129 |   |
|           Depreciation,                  depletion and amortization                                                                                             |   |                                                                     | 11,777   |                                                                           |   | 4,388 |   |
|           Share-based                  compensation cost                                                                                                        |   |                                                                     | 932      |                                                                           |   | - |   |
|           Amortization                  of deferred loan costs                                                                                                  |   |                                                                     | 87       |                                                                           |   | - |   |
|           Unrealized                  loss on derivatives, net                                                                                                  |   |                                                                     | 2,671    |                                                                           |   | - |   |
|           Benefit                  for deferred taxes                                                                                                           |   |                                                                     | -        |                                                                           |   | (540 | ) |
|           Equity                  in income of affiliates, net of distributions                                                                                 |   |                                                                     | -        |                                                                           |   | 94 |   |
|           Changes                  in operating assets and liabilities:                                                                                         |   |                                                                     |     |                                                                           |   |   |   |
|                Accounts                  receivable                                                                                    |   |                                                                     | (3,236   | )                                                                              |   | 1,258 |   |
|                Prepaid                  expenses and other current assets                                                              |   |                                                                     | 685      |                                                                           |   | 392 |   |
|                Other                  assets                                                                                           |   |                                                                     | (285     | )                                                                              |   | 3 |   |
|                Accounts                  payable and accrued liabilities                                                               |   |                                                                     | 2,855    |                                                                           |   | (3,487 | ) |
|                Deferred                  revenues                                                                                      |   |                                                                     | 538      |                                                                           |   | - |   |
|                Due                  to affiliates                                                                                      |   |                                                                     | -        |                                                                           |   | (2,089 | ) |
|                Income                  taxes                                                                                           |   |                                                                     | -        |                                                                           |   | 2,993 |   |
|                Other                  current liabilities                                                                              |   |                                                                     | -        |                                                                           |   | (45 | ) |
| Net                  cash flows provided by operating activities                                                                                                                                                  |   |                                                                     | 39,509   |                                                                           |   | 20,114 |   |
|                                                                                                                                                                                                              |   |                                                                     |     |                                                                           |   |   |   |
| Cash                  flows from investing activities:                                                                                                                                                            |   |                                                                     |     |                                                                           |   |   |   |
|      Acquisitions                  of oil and natural gas properties                                                                                                                     |   |                                                                     | (255,228 | )                                                                              |   | - |   |
|      Development                  of oil and natural gas                  properties                                                                            |   |                                                                     | (7,316   | )                                                                              |   | (6,911 | ) |
|      Deposit                  on acquisition of oil and natural gas properties                                                                                                           |   |                                                                     | (16,000  | )                                                                              |   | - |   |
|      Investment                  in equity investee                                                                                                             |   |                                                                     | -        |                                                                           |   | (130 | ) |
| Net                  cash flows used in investing activities                                                                                                                                                      |   |                                                                     | (278,544 | )                                                                              |   | (7,041 | ) |
|                                                                                                                                                                                                              |   |                                                                     |     |                                                                           |   |   |   |
| Cash                  flows from financing activities:                                                                                                                                                            |   |                                                                     |     |                                                                           |   |   |   |
|      Long-term                  debt borrowings                                                                                                                                          |   |                                                                     | 259,350  |                                                                           |   | - |   |
|      Repayment                  of long-term debt borrowings                                                                                                                             |   |                                                                     | (196,350 | )                                                                              |   | - |   |
|      Deferred                  loan costs                                                                                                                                                |   |                                                                     | (152     | )                                                                              |   | - |   |
|      Proceeds                  from private equity offerings                                                                                                                             |   |                                                                     | 220,000  |                                                                           |   | - |   |
|      Offering                  costs                                                                                                                                                     |   |                                                                     | (175     | )                                                                              |   | - |   |
|      Contributions                  by partners                                                                                                                                          |   |                                                                     | -        |                                                                           |   | 16,000 |   |
|      Distributions                  to partners and dividends paid                                                                                                                       |   |                                                                     | (16,226  | )                                                                              |   | (33,330 | ) |
|      Distributions                  related to acquisitions                                                                                                                              |   |                                                                     | (5,826   | )                                                                              |   | - |   |
| Net                  cash flows provided by (used in) financing activities                                                                                                                                        |   |                                                                     | 260,621  |                                                                           |   | (17,330 | ) |
|                                                                                                                                                                                                              |   |                                                                     |     |                                                                           |   |   |   |
| Increase                  (decrease) in cash and cash equivalents                                                                                                                                                 |   |                                                                     | 21,586   |                                                                           |   | (4,257 | ) |
| Cash                  and cash equivalents - beginning of period                                                                                                                                                  |   |                                                                     | 1,875    |                                                                           |   | 7,159 |   |
| Cash                  and cash equivalents - end of period                                                                                                                                                        |   | $                                                                        | 23,461   |                                                                           | $      | 2,902 |   |

----

**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**

|  | · | the                combined operations of EnerVest Production Partners, EnerVest WV                and CGAS                Exploration for periods before May 12, 2006,                and |
|--|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | the                combined operations of EV Properties and CGAS Exploration from May                12,                2006 through September 30, 2006. |
|--|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------|

**Interim      Financial Statements**

----

**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                       |   | $            | 1,183  |       | $      | 3,092        |   | $ | - |   |
| Prepaid                expenses and other current assets |   |         | 1,942  |       |   | 209          |   |   | - |   |
| Other                assets                              |   |         | 218    |       |   | -            |   |   | - |   |
| Oil                and natural gas properties            |   |         | 64,484 |       |   | 93,636       |   |   | 97,728 |   |
| Accounts                payable and accrued liabilities  |   |         | (103   | )          |   | (629         | )      |   | (298 | ) |
| Asset                retirement obligations              |   |         | (1,244 | )          |   | (1,455       | )      |   | (3,177 | ) |
| Accumulated                other comprehensive income    |   |         | (424   | )          |   | -            |   |   | - |   |
| Allocation                of purchase price              |   | $            | 66,056 |       | $      | 94,853       |   | $ | 94,253 |   |

|                                                              |   | **Successor**                                                         |   |  **Predecessor**                                                       |   | **Successor**                                                           |   |  **Predecessor**                                                         |   |
|-------------------------------------------------------------------|--------|-----------------------------------------------------------------------|--------|-----------------------------------------------------------------------------|--------|-------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|
|                                                              |   | **Three                Months Ended****September                30,** |   |  **Three                Months Ended****September                30,** |   | **Nine****Months                Ended****September                30,** |   |  **Nine****Months                Ended****September                30,** |   |
|                                                              |   | **2007**                                                              |   |  **2006**                                                              |   | **2007**                                                                |   |  **2006**                                                                |   |
| Revenues                                                          |   | $                                                                     | 29,429 |                                                                        | $      | 38,896                                                                  |   | $                                                                             | 96,792 |   | $ | 117,458 |   |
| Net                income                                         |   | $                                                                     | 13,735 |                                                                        | $      | 14,905                                                                  |   | $                                                                             | 35,939 |   | $ | 47,157 |   |
| Net                income per limited partner unit:               |   |                                                                  |   |                                                                        |   |                                                                    |   |                                                                          |   |   |   |   |   |
| Common                units (basic and diluted)                   |   | $                                                                     | 0.80   |                                                                        |   |                                                                    |   | $                                                                             | 2.76   |   |   |   |   |
| Subordinated                units (basic and   diluted) |   | $                                                                     | 0.80   |                                                                        |   |                                                                    |   | $                                                                             | 2.76   |   |   |   |   |

----

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

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

**NOTE      4. RISK MANAGEMENT**

|    **Period                Covered** |   |    **Index** |                               |  **Hedged                Volume per Day** |   | **Weighted                Average Fixed Price** |   | **Weighted                Average Floor Price** |   | **Weighted                Average Ceiling****Price** |   |
|-----------------------------------------------------|--------|-----------------------------|------------------------------------|------------------------------------------------|--------|-------------------------------------------------|--------|-------------------------------------------------|--------|------------------------------------------------------|--------|
| Oil                (Bbls):                          |   |                        |                               |                                           |   |                                            |   |                                            |   |                                                 |   |   |   |   |   |   |
| Swaps                - remainder of 2007            |   |                        | WTI                                |                                           |   | 1,491                                           |   | $                                               | 72.80  |                                                 | $      |   |   | $ |   |   |
| Swaps                - 2008                         |   |                        | WTI                                |                                           |   | 1,215                                           |   |                                            | 72.45  |                                                 |   |   |   |   |   |   |
| Collar                - 2008                        |   |                        | WTI                                |                                           |   | 125                                             |   |                                            |   |                                                 |   | 62.00 |   |   | 73.95 |   |
| Swaps                - 2009                         |   |                        | WTI                                |                                           |   | 981                                             |   |                                            | 71.85  |                                                 |   |   |   |   |   |   |
| Collar                - 2009                        |   |                        | WTI                                |                                           |   | 125                                             |   |                                            |   |                                                 |   | 62.00 |   |   | 73.90 |   |
| Swaps                - 2010                         |   |                        | WTI                                |                                           |   | 1,000                                           |   |                                            | 71.16  |                                                 |   |   |   |   |   |   |
|                                                |   |                        |                               |                                           |   |                                            |   |                                            |   |                                                 |   |   |   |   |   |   |
| Natural                Gas (MMBtu):                 |   |                        |                               |                                           |   |                                            |   |                                            |   |                                                 |   |   |   |   |   |   |
| Swaps                - remainder of 2007            |   |                        | Dominion                Appalachia |                                           |   | 3,100                                           |   |                                            | 10.27  |                                                 |   |   |   |   |   |   |
| Swaps                - 2008                         |   |                        | Dominion                Appalachia |                                           |   | 2,700                                           |   |                                            | 9.75   |                                                 |   |   |   |   |   |   |
| Swaps                - remainder of 2007            |   |                        | NYMEX                              |                                           |   | 5,500                                           |   |                                            | 8.52   |                                                 |   |   |   |   |   |   |
| Collar                - remainder of 2007           |   |                        | NYMEX                              |                                           |   | 2,500                                           |   |                                            |   |                                                 |   | 7.25 |   |   | 9.05 |   |
| Swaps                - 2008                         |   |                        | NYMEX                              |                                           |   | 4,000                                           |   |                                            | 8.85   |                                                 |   |   |   |   |   |   |
| Collars                - 2008                       |   |                        | NYMEX                              |                                           |   | 6,000                                           |   |                                            |   |                                                 |   | 7.67 |   |   | 10.25 |   |
| Swaps                - 2009                         |   |                        | NYMEX                              |                                           |   | 4,500                                           |   |                                            | 8.00   |                                                 |   |   |   |   |   |   |
| Collars                - 2009                       |   |                        | NYMEX                              |                                           |   | 7,000                                           |   |                                            |   |                                                 |   | 7.79 |   |   | 9.50 |   |
| Swaps                - 2010                         |   |                        | NYMEX                              |                                           |   | 7,500                                           |   |                                            | 8.44   |                                                 |   |   |   |   |   |   |
| Swap                - remainder of 2007             |   |                        | MICHCON_NB                         |                                           |   | 2,000                                           |   |                                            | 10.26  |                                                 |   |   |   |   |   |   |
| Collar                - remainder of 2007           |   |                        | MICHCON_NB                         |                                           |   | 3,000                                           |   |                                            |   |                                                 |   | 8.00 |   |   | 9.27 |   |
| Swap                - 2008                          |   |                        | MICHCON_NB                         |                                           |   | 2,000                                           |   |                                            | 8.10   |                                                 |   |   |   |   |   |   |
| Collar                -2008                         |   |                        | MICHCON_NB                         |                                           |   | 2,000                                           |   |                                            |   |                                                 |   | 8.00 |   |   | 9.55 |   |
| Swaps                - 2009                         |   |                        | MICHCON_NB                         |                                           |   | 5,000                                           |   |                                            | 8.27   |                                                 |   |   |   |   |   |   |
| Swaps                - remainder of 2007            |   |                        | HOUSTON                SC          |                                           |   | 3,840                                           |   |                                            | 7.88   |                                                 |   |   |   |   |   |   |
| Swap                - 2008                          |   |                        | HOUSTON                SC          |                                           |   | 3,393                                           |   |                                            | 8.35   |                                                 |   |   |   |   |   |   |
| Swaps                - 2009                         |   |                        | HOUSTON                SC          |                                           |   | 4,320                                           |   |                                            | 8.29   |                                                 |   |   |   |   |   |   |
| Swap                - 2009                          |   |                        | EL                PASO PERMIAN     |                                           |   | 2,500                                           |   |                                            | 7.93   |                                                 |   |   |   |   |   |   |

*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. ASSET RETIREMENT OBLIGATIONS**

| Balance                  as of December 31, 2006                 |   | $      | 5,188  |   |
|-----------------------------------------------------------------------|--------|--------|--------|--------|
| Liabilities                  incurred or assumed in acquisitions |   |   | 5,876  |   |
| Accretion                  expense                                    |   |   | 395    |   |
| Revisions                  in estimated cash flows                    |   |   | 48     |   |
| Balance                  as of September 30, 2007                     |   | $      | 11,507 |   |

**NOTE        6. LONG-TERM DEBT**

**NOTE        7. COMMITMENTS AND CONTINGENCIES**

**Litigation**

**Environmental        Matters**

----

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

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

**NOTE          8. OWNERS’ EQUITY**

**NOTE          9. INCOME TAXES**

----

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

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

**NOTE            10. COMPREHENSIVE INCOME **

|                                                           |   | **Successor**                                                                     |   |  **Predecessor**                                                                   |   | **Successor**                                                                       |   |  **Predecessor**                                                                     |   |
|----------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------------------------------|--------|
|                                                           |   | **Three                      Months Ended****September                      30,** |   |  **Three                      Months Ended****September                      30,** |   | **Nine****Months                      Ended****September                      30,** |   |  **Nine****Months                      Ended****September                      30,** |   |
|                                                           |   | **2007**                                                                          |   |  **2006**                                                                          |   | **2007**                                                                            |   |  **2006**                                                                            |   |
| Net                      income                                |   | $                                                                                 | 13,735 |                                                                                    | $      | 5,501                                                                               |   | $                                                                                         | 23,090 |   | $ | 16,574 |   |
| Other                      comprehensive income (loss):        |   |                                                                              |   |                                                                                    |   |                                                                                |   |                                                                                      |   |   |   |   |   |
| Unrealized                      gains on derivatives           |   |                                                                              | -      |                                                                                    |   | 5,962                                                                               |   |                                                                                      | -      |   |   | 14,346 |   |
| Reclassification                      adjustment into earnings |   |                                                                              | (869   | )                                                                                       |   | (640                                                                                | )      |                                                                                      | (2,563 | ) |   | (408 | ) |
| Comprehensive                      income                      |   | $                                                                                 | 12,866 |                                                                                    | $      | 10,823                                                                              |   | $                                                                                         | 20,527 |   | $ | 30,512 |   |

**NOTE            11. NET INCOME PER LIMITED PARTNER UNIT**

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

|                                                               |   | **Successor**                                                                          |       |
|--------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|------------|
|                                                               |   | **Three                      Months Ended****September                      30, 2007** |       | **Nine                      Months Ended****September                      30, 2007** |   |
|                                                               |   | **$**                                                                                  | ** ** | **Per                      Limited Partner Unit** | ** ** | **$** | ** ** | **Per                      Limited Partner Unit** |   |
| Net                      income                                    |   | $                                                                                      | 13,735     |   |   |   |   | $ | 23,090 |   |   |   |   |
| Less:                                                              |   |                                                                                   |       |   |   |   |   |   |   |   |   |   |   |
| General                      partner incentive distribution rights |   |                                                                                   | (1,476     | ) |   |   |   |   | (1,476 | ) |   |   |   |
| General                      partner 2% interest in net income     |   |                                                                                   | (245       | ) |   |   |   |   | (432 | ) |   |   |   |
| Net                      income available for limited partners     |   | $                                                                                      | 12,014     |   | $ | 0.80 |   | $ | 21,182 |   | $ | 1.73 |   |

**NOTE            12. RELATED PARTY TRANSACTIONS**

**Successor**

----

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

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

**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 |
|--|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|  | · | 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. |
|--|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

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

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

**NOTE            13. OTHER SUPPLEMENTAL INFORMATION**

|                                                                                                                                                                                |   | **Successor**                                                                    |   |  **Predecessor**                                                                  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                                                                                                                                                                                |   | **Nine                      Months Ended****September                      30,** |   |  **Nine                      Months Ended****September                      30,** |   |
|                                                                                                                                                                                |   | **2007**                                                                         |   |  **2006**                                                                         |   |
| Supplemental                      cash flows information:                                                                                                                           |   |                                                                             |   |                                                                                   |   |   |   |
| Cash                      paid for interest                                                                                                                                         |   | $                                                                                | 3,384  |                                                                                   | $      | 686 |   |
| Cash                      paid for income taxes                                                                                                                                     |   |                                                                             | -      |                                                                                   |   | 3,357 |   |
|                                                                                                                                                                                |   |                                                                             |   |                                                                                   |   |   |   |
| Non-cash                      transactions:                                                                                                                                         |   |                                                                             |   |                                                                                   |   |   |   |
| Costs                      for development of oil and natural gas properties in accounts                      payable   and                      accrued liabilities |   |                                                                             | 888    |                                                                                   |   | 241 |   |
| Increase                      in oil and natural gas properties from purchase of limited   partnership                      interests in EnerVest WV                 |   |                                                                             | -      |                                                                                   |   | 7,681 |   |
| Distribution/sale                      of oil and natural gas properties, other property and   investments                      in affiliates to EnerVest            |   |                                                                             | -      |                                                                                   |   | 1,849 |   |
| Reduction                      in debt through partner contribution                                                                                                                 |   |                                                                             | -      |                                                                                   |   | 150 |   |
| Increase                      in due to affiliates for the incurrence of offering costs on                      our behalf                                                          |   |                                                                             | -      |                                                                                   |   | 4,000 |   |
| Conversion                      of accounts payable to EnerVest to owners’ equity                                                                                             |   |                                                                             | -      |                                                                                   |   | 3,165 |   |

**NOTE            14. 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            15. SUBSEQUENT EVENTS**

----

**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**

|  | · | the                      prices at which we will sell our oil and natural gas                      production; |
|--|--------|----------------------------------------------------------------------------------------------------------------|

|  | · | our                      ability to hedge commodity prices; |
|--|--------|-------------------------------------------------------------|

|  | · | the                      amount of oil and natural gas we produce;                      and |
|--|--------|---------------------------------------------------------------------------------------------|

|  | · | the                      level of our operating and administrative                      costs. |
|--|--------|------------------------------------------------------------------------------------------------|

----

**RESULTS            OF OPERATIONS**

|                                                                      |   | **Successor****(1)**                                                              |   |  **Predecessor**                                                                   |   | **Successor****(1)**                                                             |   |  **Predecessor**                                                                  |   |
|---------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------|--------|-----------------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------|--------|----------------------------------------------------------------------------------------|--------|
|                                                                      |   | **Three                      Months Ended****September                      30,** |   |  **Three                      Months Ended****September                      30,** |   | **Nine                      Months Ended****September                      30,** |   |  **Nine                      Months Ended****September                      30,** |   |
|                                                                      |   | **2007**                                                                          |   |  **2006**                                                                          |   | **2007**                                                                         |   |  **2006**                                                                         |   |
|                                                                      |   |                                                                              |   |                                                                                    |   |                                                                             |   |                                                                                   |   |   |   |   |   |
| Production                      data:                                     |   |                                                                              |   |                                                                                    |   |                                                                             |   |                                                                                   |   |   |   |   |   |
| Oil                      (MBbls)                                          |   |                                                                              | 86     |                                                                                    |   | 47                                                                               |   |                                                                                   | 150    |   |   | 147 |   |
| Natural                      gas liquids (MBbls)                          |   |                                                                              | 68     |                                                                                    |   | -                                                                                |   |                                                                                   | 71     |   |   | - |   |
| Natural                      gas (MMcf)                                   |   |                                                                              | 2,828  |                                                                                    |   | 1,190                                                                            |   |                                                                                   | 6,129  |   |   | 3,275 |   |
| Net                      production (MMcfe)                               |   |                                                                              | 3,753  |                                                                                    |   | 1,471                                                                            |   |                                                                                   | 7,451  |   |   | 4,159 |   |
| Average                      sales price per unit:                        |   |                                                                              |   |                                                                                    |   |                                                                             |   |                                                                                   |   |   |   |   |   |
| Oil                      (Bbl)                                            |   | $                                                                                 | 72.04  |                                                                                    | $      | 68.43                                                                            |   | $                                                                                      | 65.99  |   | $ | 64.38 |   |
| Natural                      gas liquids (Bbl)                            |   |                                                                              | 45.02  |                                                                                    |   | -                                                                                |   |                                                                                   | 44.86  |   |   | - |   |
| Natural                      gas (Mcf)                                    |   |                                                                              | 6.04   |                                                                                    |   | 6.72                                                                             |   |                                                                                   | 6.71   |   |   | 7.60 |   |
| Average                      unit cost per Mcfe:                          |   |                                                                              |   |                                                                                    |   |                                                                             |   |                                                                                   |   |   |   |   |   |
| Production                      costs:                                    |   |                                                                              |   |                                                                                    |   |                                                                             |   |                                                                                   |   |   |   |   |   |
| Lease                      operating expenses                             |   | $                                                                                 | 1.97   |                                                                                    | $      | 1.50                                                                             |   | $                                                                                      | 1.87   |   | $ | 1.46 |   |
| Production                      taxes                                     |   |                                                                              | 0.22   |                                                                                    |   | 0.04                                                                             |   |                                                                                   | 0.22   |   |   | 0.04 |   |
| Total                                                                     |   |                                                                              | 2.19   |                                                                                    |   | 1.54                                                                             |   |                                                                                   | 2.09   |   |   | 1.50 |   |
| Depreciation,                      depletion and   amortization |   |                                                                              | 1.66   |                                                                                    |   | 1.38                                                                             |   |                                                                                   | 1.58   |   |   | 1.06 |   |
| General                      and administrative expenses                  |   |                                                                              | 0.70   |                                                                                    |   | 0.41                                                                             |   |                                                                                   | 0.85   |   |   | 0.36 |   |

| (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 September 30, 2007 Compared            with the Three Months Ended September 30, 2006**

----

**Nine            Months Ended September 30, 2007 Compared with the Nine Months Ended September            30, 2006**

----

**LIQUIDITY            AND CAPITAL RESOURCES**

**Available            Credit Facility**

----

**Cash            Flows**

|                                      |   | **Successor** |     |  **Predecessor** |   |
|-------------------------------------------|--------|---------------|----------|-----------------------|--------|
| Operating                      activities |   | $             | 39,509   |                  | $      | 20,114 |   |
| Investing                      activities |   |          | (278,544 | )                     |   | (7,041 | ) |
| Financing                      activities |   |          | 260,621  |                  |   | (17,330 | ) |

*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 per Day** |   | **Weighted                      Average Fixed Price** |   | **Weighted                      Average Floor Price** |   | **Weighted                      Average Ceiling****Price** |   |
|-----------------------------------------------------------|--------|-----------------------------|------------------------------------------|------------------------------------------------------|--------|-------------------------------------------------------|--------|-------------------------------------------------------|--------|------------------------------------------------------------|--------|
| Oil                      (Bbls):                          |   |                        |                                     |                                                 |   |                                                  |   |                                                  |   |                                                       |   |   |   |   |   |   |
| Swaps                      - remainder of 2007            |   |                        | WTI                                      |                                                 |   | 1,491                                                 |   | $                                                     | 72.80  |                                                       |   |   |   | $ | $ |   |
| Swaps                      - 2008                         |   |                        | WTI                                      |                                                 |   | 1,215                                                 |   |                                                  | 72.45  |                                                       |   |   |   |   |   |   |
| Collar                      - 2008                        |   |                        | WTI                                      |                                                 |   | 125                                                   |   |                                                  |   |                                                       |   | 62.00 |   |   | 73.95 |   |
| Swaps                      - 2009                         |   |                        | WTI                                      |                                                 |   | 981                                                   |   |                                                  | 71.85  |                                                       |   |   |   |   |   |   |
| Collar                      - 2009                        |   |                        | WTI                                      |                                                 |   | 125                                                   |   |                                                  |   |                                                       |   | 62.00 |   |   | 73.90 |   |
| Swap                      - 2010                          |   |                        | WTI                                      |                                                 |   | 1,000                                                 |   |                                                  | 71.16  |                                                       |   |   |   |   |   |   |
|                                                      |   |                        |                                     |                                                 |   |                                                  |   |                                                  |   |                                                       |   |   |   |   |   |   |
| Natural                      Gas (MMBtu):                 |   |                        |                                     |                                                 |   |                                                  |   |                                                  |   |                                                       |   |   |   |   |   |   |
| Swaps                      - remainder of 2007            |   |                        | Dominion                      Appalachia |                                                 |   | 3,100                                                 |   |                                                  | 10.27  |                                                       |   |   |   |   |   |   |
| Swaps                      - 2008                         |   |                        | Dominion                      Appalachia |                                                 |   | 2,700                                                 |   |                                                  | 9.75   |                                                       |   |   |   |   |   |   |
| Swaps                      - remainder of 2007            |   |                        | NYMEX                                    |                                                 |   | 5,500                                                 |   |                                                  | 8.52   |                                                       |   |   |   |   |   |   |
| Collar                      - remainder of 2007           |   |                        | NYMEX                                    |                                                 |   | 2,500                                                 |   |                                                  |   |                                                       |   | 7.25 |   |   | 9.05 |   |
| Swaps                      - 2008                         |   |                        | NYMEX                                    |                                                 |   | 4,000                                                 |   |                                                  | 8.85   |                                                       |   |   |   |   |   |   |
| Collars                      - 2008                       |   |                        | NYMEX                                    |                                                 |   | 6,000                                                 |   |                                                  |   |                                                       |   | 7.67 |   |   | 10.25 |   |
| Swaps                      - 2009                         |   |                        | NYMEX                                    |                                                 |   | 4,500                                                 |   |                                                  | 8.00   |                                                       |   |   |   |   |   |   |
| Collars                      - 2009                       |   |                        | NYMEX                                    |                                                 |   | 7,000                                                 |   |                                                  |   |                                                       |   | 7.79 |   |   | 9.50 |   |
| Swaps                      - 2010                         |   |                        | NYMEX                                    |                                                 |   | 7,500                                                 |   |                                                  | 8.44   |                                                       |   |   |   |   |   |   |
| Swap                      - remainder of 2007             |   |                        | MICHCON_NB                               |                                                 |   | 2,000                                                 |   |                                                  | 10.26  |                                                       |   |   |   |   |   |   |
| Collar                      - remainder of 2007           |   |                        | MICHCON_NB                               |                                                 |   | 3,000                                                 |   |                                                  |   |                                                       |   | 8.00 |   |   | 9.27 |   |
| Swap                      - 2008                          |   |                        | MICHCON_NB                               |                                                 |   | 2,000                                                 |   |                                                  | 8.10   |                                                       |   |   |   |   |   |   |
| Collar                      -2008                         |   |                        | MICHCON_NB                               |                                                 |   | 2,000                                                 |   |                                                  |   |                                                       |   | 8.00 |   |   | 9.55 |   |
| Swap                      - 2009                          |   |                        | MICHCON_NB                               |                                                 |   | 5,000                                                 |   |                                                  | 8.27   |                                                       |   |   |   |   |   |   |
| Swaps                      - remainder of 2007            |   |                        | HOUSTON                      SC          |                                                 |   | 3,840                                                 |   |                                                  | 7.88   |                                                       |   |   |   |   |   |   |
| Swap                      - 2008                          |   |                        | HOUSTON                      SC          |                                                 |   | 3,393                                                 |   |                                                  | 8.35   |                                                       |   |   |   |   |   |   |
| Swap                      - 2009                          |   |                        | HOUSTON                      SC          |                                                 |   | 4,320                                                 |   |                                                  | 8.29   |                                                       |   |   |   |   |   |   |
| Swap                      - 2009                          |   |                        | EL                      PASO PERMIAN     |                                                 |   | 2,500                                                 |   |                                                  | 7.93   |                                                       |   |   |   |   |   |   |

*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    | Agreement                        of Sale and Purchase by and among EnerVest Monroe Limited                        Partnership,                        EnerVest Monroe Pipeline GP, L.C. and EnerVest Monroe Gathering,                        Ltd., as                        Seller, and EnerVest Production Partners, Ltd, as Buyer,                        dated March 7,                        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 March                        14, 2007).                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 2.3    | 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).                                                                                                                                                                                                                                                                                                                                               |
|   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 2.4    | 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 (Incorporated                        by                        reference from Exhibit 2.3 to EV Energy Partners, L.P.’s quarterly report                        on Form 10-Q filed with the SEC on August 14,                        2007). |

----

| +2.5                          | Asset                        Purchase and Sale Agreement between Plantation Operating,                        LLC, as Seller,                        and EV Properties, L.P., as Buyer, dated July 17, 2007.                                                                                                                                                                                                                   |
|-------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |                                                                                                                                                                                                                                                                                                                                                                                                                           |
| +2.6                          | First                        Amendment to Asset Purchase and Sale Agreement between Plantation                        Operating, LLC, as Seller, and EV Properties, L.P., as Buyer,                        dated                        October 1, 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                        Rights 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                        Rights 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: November 14, 2007 | By:                                                                                                                                                                                                                                | /s/ MICHAEL E. MERCER |
|                    | Michael                    E. Mercer                                                                                                                                                                                                         |
|                    | Senior                      Vice President and Chief Financial Officer ofEV                      Management LLC, general partner of EV                      Energy GP, L.P., general partner ofEV                      Energy Partners, L.P. |

----

**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                     | Agreement                  of Sale and Purchase by and among EnerVest Monroe Limited Partnership,                  EnerVest Monroe Pipeline GP, L.C. and EnerVest Monroe Gathering,                  Ltd., as                  Seller, and EnerVest Production Partners, Ltd, as Buyer, dated                  March 7,                  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 March 14,                  2007).                                                                                                                                                                                                                                                      |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2.3                     | 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).                                                                                                                                                                                                                                                                               |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| 2.4                     | 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 (Incorporated                  by                  reference from Exhibit 2.3 to EV Energy Partners, L.P.’s quarterly report                  on Form 10-Q filed with the SEC on August 14, 2007). |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| +2.5                    | Asset                  Purchase and Sale Agreement between Plantation Operating, LLC,                  as Seller,                  and EV Properties, L.P., as Buyer, dated July 17, 2007.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
| +2.6                    | First                  Amendment to Asset Purchase and Sale Agreement between Plantation                  Operating, LLC, as Seller, and EV Properties, L.P., as Buyer, dated                  October 1, 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                  Rights 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                  Rights 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                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |

----