SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

PETERSEN GARY R

(Last)

(First)

(Middle)

1100 LOUISIANA

SUITE 3150

(Street)

HOUSTON

77002

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/29/2006

3. Issuer Name and Ticker or Trading Symbol
EV Energy Partners, LP [ EVEP ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Units	88,120	I	by EnCap Energy Capital Fund V, L.P. and EnCap V-B Acquisitions, L.P.⁽¹⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Subordinated Units	⁽²⁾	⁽²⁾	Common Units	436,170	$0	I	by EnCap Energy Capital Fund V L.P. and EnCap V-B Acquisitions L.P.⁽¹⁾

Explanation of Responses:

1. Gary R. Petersen may be deemed the beneficial owner of securities held by EnCap Energy Capital Fund V, L.P. and EnCap V-B Acquisitions, L.P. by virtue of being a member of RNBD GP, LLC, the sole member of EnCap Investments GP, LLC, the general partner of EnCap Invesmtents, L.P., the general partner of EnCap Equity Fund V GP, L.P., (i) the general partner of EnCap Energy Capital Fund V, L.P., and (ii) the general partner of EnCap Energy Capital Fund V-B, L.P., the sole member of EnCap V-B Acquisitions GP, LLC, the general partner of EnCap V-B Acquisitions, L.P. Mr. Petersen disclaims beneficial ownership in excess of his pecuniary interest in such securities.

2. The subordinated units are convertible at the expiration of the subordination period. See the final prospectus of EV Energy Partners, L.P. filed September 27, 2006 for a description of the conversion rights of the holders of subordinated units.

Remarks:

	/s/ Gary R. Petersen	10/04/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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