SeekingAlpha  Sep 5  Comment 
By IAEResearch: QR Energy (NYSE:QRE) is engaged in acquisition, exploration, development and production of oil and natural gas properties located in the U.S. The partnership is focused on the low-risk development of mature, conventional assets and...
Motley Fool  Aug 27  Comment 
BreitBurn Energy Partners L.P. keeps raising its stock dividend. How long can it keep that up?
SeekingAlpha  Aug 2  Comment 
ByCasey Hoerth: Last week BreitBurn Energy Partners (NASDAQ:BBEP) announced what will almost certainly be its biggest transaction of 2014: The acquisition of QR Energy (NYSE:QRE), for a total of $1.46 billion. This acquisition was an all-stock...
DailyFinance  Jul 28  Comment 
The securities litigation law firm of Brower Piven, A Professional Corporation, has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by the Board of Directors of QR Energy,...
SeekingAlpha  Jul 28  Comment 
ByAlbert Alfonso: Late last week, I wrote my initial thoughts on the merger between QR Energy (NYSE:QRE) and BreitBurn Energy Partners (NASDAQ:BBEP). In that article, I suggested owners of QRE units may want to take some profits. This suggestion...
StreetInsider.com  Jul 28  Comment 
UPGRADES Goldman Sachs adds Calpine Corporation (NYSE: CPN) to its Conviction Buy List with a price target of $27. Click Here for more color. JPMorgan raises Xerox (NYSE: XRX) from Underweight to Neutral and moves its price target from $13 up to...
Benzinga  Jul 28  Comment 
In a report published Monday, Wunderlich Securities analyst Abhishek Sinha upgraded the rating on QR Energy LP (NYSE: QRE) from Hold to Buy, and raised the price target from $18.00 to $24.50. In the report, Wunderlich Securities noted, “QR...
SeekingAlpha  Jul 27  Comment 
By David White: On July 24, 2014 BreitBurn Energy Partners LP (NASDAQ:BBEP) agreed to buy out QR Energy LP (NYSE:QRE) for 0.9856 units of BreitBurn for each QR Energy unit. This works out to a buy out price of $22.48 per unit of QRE. The total...
SeekingAlpha  Jul 26  Comment 
By Diesel: On Thursday, BreitBurn Energy Partners (NASDAQ:BBEP) announced an acquisition along with its quarterly earnings results. The company is buying QR Energy (NYSE:QRE) in a deal that is worth as much as $3 billion. The acquisition will be...
Motley Fool  Jul 25  Comment 
BreitBurn Energy Partners' acquisition provides access to stable, highly productive oil fields in the United States. In addition to cost savings, the deal will help secure distribution growth.


QR Energy, LP (NYSE:QRE) is a limited partnership which acquires and owns proved onshore oil and natural gas properties in North America. QR Energy is affiliated with Quantum Resource Funds, which is a collection of limited partnerships that were formed by Quantum Energy Partners a private equity firm. QR Energy, alone, owns a total estimated proved reserves of 29.7MM Barrel of Oil Equivalents (BOE) as of June 30th, 2010. Of these reserves 69% were oil and natural gas liquefied (NGL).[1]

QR Energy's properties are distributed between 4 distinct regions. The largest is the Permian reserve which is located in western Texas and south eastern New Mexico. It corresponds to 60% of all of the company's reserves 45% of the company's BOE/day output. The next largest is the Ark-La-Tex area. This area is spread between eastern Texas, northern Louisiana, and southern Arkansas, and it consists of 27% of the company's reserves and 34% of its daily output. The next largest is the Mid-Continent area which is located mostly in Oklahoma and is 7% of the reserves and 11% of the daily production. Finally, the Gulf Cost area is located along the southern parts of Alabama Mississippi and parts of Louisiana and Florida. It is 6% of the reserves and 10% of the production.[2]

QR Energy's relation with Quantum Energy Partners, a private equity firm, provides the company with access to potential acquisitions. Quantum Energy owns general partner interests in both the Quantum Resource Fund and the QR Energy LP. Because of this, QR Energy expects that it will have access to potential acquisitions or transactions of natural gas and oil assets which could benefit all parties involved. These transactions may be owned by the Quantum Resource Fund or may be portfolio companies of Quantum Energy Partners.[3]

The company's initial public offering of stock on the NYSE occurred on December 16, 2010. The company offered 15M shares each for $20. This was directly within the initial price range of $19-$21.Th The IPO raised a total of $300M, and the lead underwriters of the deal were Wells Fargo (WFC), J P Morgan Chase (JPM), and Raymond James Financial (RJF).[4]


  1. QRE S-1/A 2010 PROSPECTUS SUMMARY "Overview" pg1-2
  2. QRE S-1/A 2010 PROSPECTUS SUMMARY "Our Properties" pg2-3
  3. QRE S-1/A 2010 PROSPECTUS SUMMARY "Our Relationship with Quantum Energy Partners" pg6
  4. Renaissance Capital - IPO Home "QR Energy, LP prices IPO at $20, midpoint of the range" 17 Dec 2010
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