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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: November 9, 1998
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(Date of earliest event reported)
Everflow Eastern Partners, L.P.
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(Exact name of Registrant as specified in its charter)
Delaware 0-19279 34-1659910
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(State or other jurisdiction (Commission (I.R.S employer
of incorporation) File Number) Identification No.)
585 West Main Street, P.O. Box 629, Canfield, Ohio 44406
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (330)533-2692
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Item 5. Other Events
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On October 22, 1998, Everflow Eastern Partners, L.P., a Delaware
limited partnership (the "Company") received the new Contract Price on Gas
Purchase Agreements #10175, #10461 and #10515 with The East Ohio Gas Company
dated September 3, 1991, March 10, 1994 and August 10, 1994, respectively.
Pursuant to Article V of Gas Purchase Agreement #10175, the new adjusted base
price for the November 1998 through April 1999 production periods will be
$3.53/MCF, down from $3.72/MCF, and the May 1999 through October 1999 production
periods will be $2.90/MCF, down from $3.09/MCF. Pursuant to Article V of Gas
Purchase Agreement #10461, the new adjusted base price for the November 1998
through April 1999 production periods will be $3.17/MCF, down from $3.36/MCF,
and the May 1999 through October 1999 production periods will be $2.47/MCF, down
from $2.66/MCF. Pursuant to Article V of Gas Purchase Agreement #10515, the new
adjusted base price for the November 1998 through March 1999 production periods
will be $3.77/MCF, down from $3.96/MCF. These adjustments represent a $0.19
decrease in the contract price for each of the three contracts. The majority of
the Company's natural gas production falls under these Agreements.
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SIGNATURE
After due inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: November 9, 1998 EVERFLOW EASTERN PARTNERS, L.P.
By: EVERFLOW MANAGEMENT COMPANY,
General Partner
By: EVERFLOW MANAGEMENT CORPORATION,
Managing General Partner
By: /s/ William A. Siskovic
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William A. Siskovic
Vice President and Treasurer