Exhibit 99.1

EV Energy Partners Announces Second Quarter 2015 Results

HOUSTON, TX, August 10, 2015 /PRNewswire/ — EV Energy Partners, L.P. (NASDAQ: EVEP) today announced results for the second quarter of 2015 and the filing of its Form 10-Q with the Securities and Exchange Commission. Additionally, EVEP provided an update on its commodity hedge positions.

Second Quarter 2015 Results

Adjusted EBITDAX for the second quarter of 2015 was $53.4 million, a 2 percent decrease from the second quarter of 2014 and 1 percent decrease from the first quarter of 2015. Distributable Cash Flow for the second quarter of 2015 was $26.2 million, a 1 percent decrease from the second quarter of 2014 and flat versus the first quarter of 2015. The decreases in Adjusted EBITDAX and Distributable Cash Flow are primarily due to lower production and lower realized commodity prices, partially offset by decreased operating costs and expenses. Adjusted EBITDAX and Distributable Cash Flow are Non-GAAP financial measures and are described in the attached table under “Non-GAAP Measures.”

Production for the second quarter of 2015 was 10.0 Bcf of natural gas, 237 MBbls of oil and 563 MBbls of natural gas liquids, or 162.8 MMcfe/day. This represents a 7 percent decrease from second quarter 2014 production of 174.9 MMcfe/d and a 6 percent decrease from first quarter 2015 production of 172.5 MMcfe/day.

EVEP reported net income of $164.1 million, or $3.25 per basic and diluted weighted average limited partner unit outstanding, for the second quarter of 2015. Included in net income were the following items:

For the first quarter of 2015, EVEP reported a net loss of $61.7 million, or $(1.25) per basic and diluted weighted average limited partner unit outstanding. For the second quarter of 2014, EVEP reported a net loss of $9.0 million, or $(0.19) per basic and diluted weighted average limited partner unit outstanding.

"With the closing of the UEO sale, we have significantly increased our liquidity, with no bank debt outstanding and almost $60 million in cash. We believe EVEP is in a strong position to be able to acquire long-life producing properties in a low commodity price environment without having to rely on the sale of equity," said Michael Mercer, President and CEO.

Hedging Update

Subsequent to June 30, 2015, EVEP entered into additional natural gas derivative contracts for 2016 and 2017.

Additional details regarding EVEP’s current commodity hedge positions can be found in the Hedge Summary table at the end of this press release.

UEO Sale and Borrowing Base

On June 10, 2015, EVEP closed on the sale of its 21 percent membership interest in UEO for $572.2 million, after expenses. Net proceeds were used to repay all amounts outstanding under its revolving credit facility with the remainder held in cash for future activities. As a result of the sale, EVEP’s borrowing base was reduced from $650 million to $500 million with the next redetermination scheduled for October 2015. Availability under the facility may be used to fund future activities, including acquisitions of oil and natural gas properties.

Quarterly Report on Form 10-Q

EVEP’s financial statements and related footnotes are available in the second quarter 2015 Form 10-Q, which was filed today and is available through the Investor Relations/SEC Filings section of the EVEP website at http://www.evenergypartners.com.

Conference Call and Webcast

As announced on July 30, 2015, EV Energy Partners, L.P. will host an investor conference call on August 10, 2015, at 9 a.m. Eastern Time (8 a.m. Central). Investors interested in participating in the call may dial 1-888-820-9415 (quote conference ID 7069521) at least 5 minutes prior to the start time, or may listen live over the Internet through the Investor Relations section of the EVEP website at http://ir.evenergypartners.com/events.cfm.

About EV Energy Partners, L.P.

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

(code #: EVEP/G)

Forward Looking Statements

This press release may include statements that are not historical facts which are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements include information about, future plans, our reserve quantities and the present value of our reserves, estimates of maintenance capital and other statements which include words such as "anticipates," "plans," "projects," "expects," "intends," "believes," "should," and similar expressions of forward-looking information. Forward-looking statements are inherently uncertain and necessarily involve risks that may affect the business prospects and performance of EV Energy Partners, L.P. Actual results may differ materially from those contained in the press release. Such risks and uncertainties include, but are not limited to, changes in commodity prices, changes in reserve estimates, requirements and actions of purchasers of properties, exploration and development activities, the availability and cost of financing, the returns on our capital investments and acquisition strategies, the availability of sufficient cash flow to pay distributions and execute our business plan and general economic conditions. Additional information on risks and uncertainties that could affect our business prospects and performance are provided in the most recent reports of EV Energy Partners with the Securities and Exchange Commission. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements.

Any forward-looking statement speaks only as of the date on which such statement is made and EVEP undertakes no obligation to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise.

Operating Statistics

(1) Prior to $32.8 million and ($4.5) million of net hedge gains (losses) on settlements of commodity derivatives for the three months ended June 30, 2015 and June 30, 2014, respectively and $64.2 million and ($9.8) million for the six months ended June 30, 2015 and June 30, 2014, respectively.

Condensed Consolidated Balance Sheets

(In $ thousands, except number of units)

(Unaudited)

Condensed Consolidated Statements of Operations

(In $ thousands, except per unit data)

(Unaudited)

Condensed Consolidated Statements of Cash Flows

(In $ thousands)

(Unaudited)

Non-GAAP Measures

We define Adjusted EBITDAX as net income (loss) plus income from discontinued operations, EBITDAX from discontinued operations, income taxes, interest expense, net, cash settlements of matured interest rate swaps, depreciation, depletion and amortization, asset retirement obligations accretion expense, loss (gain) on derivatives, net, cash settlements of matured derivative contracts, non-cash equity compensation expense, impairment of oil and natural gas properties, non-cash inventory write down expense, dry hole and exploration costs, loss (gain) on sale of oil and natural gas properties, and loss on sale of investment in unconsolidated affiliates, contained in Other (expense) income, net. Distributable Cash Flow is defined as Adjusted EBITDAX less cash income taxes, cash interest expense, net, realized losses on interest rate swaps, and estimated maintenance capital expenditures.

Adjusted EBITDAX and Distributable Cash Flow are used by our management to provide additional information and statistics relative to the performance of our business, including (prior to the creation of any reserves) the cash available to pay distributions to our unitholders. We believe these financial measures may indicate to investors whether or not we are generating cash flow at a level that can sustain or support an increase in our quarterly distribution rates. Adjusted EBITDAX and Distributable Cash Flow are also quantitative standards used throughout the investment community with respect to performance of publicly-traded partnerships. Adjusted EBITDAX and Distributable Cash Flow should not be considered as alternatives to net income, operating income, cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjusted EBITDAX and Distributable Cash Flow exclude some, but not all, items that affect net income and operating income and these measures may vary among companies. Therefore, our Adjusted EBITDAX and Distributable Cash Flow may not be comparable to similarly titled measures of other companies.

Reconciliation of Net Income (Loss) to Adjusted EBITDAX and Distributable Cash Flow

(In $ thousands)

(Unaudited)

(1) Estimated maintenance capital expenditures are those expenditures estimated to be necessary to maintain the production levels of our oil and gas properties over the long term and the operating capacity of our other assets over the long term.

Hedge Summary as of August 10, 2015

Note: Includes hedges added since June 30, 2015 as discussed earlier in this press release.

EV Energy Partners, L.P., Houston

Nicholas Bobrowski

713-651-1144

http://www.evenergypartners.com