OilVoice  Nov 20  Comment 
BreitBurn Energy Partners LP NASDAQBBEP announced that it completed the acquisition of QR Energy LP on November 19 2014. In connection with the acquisition Breitburn has elected Donald D. Wolf
Benzinga  Nov 17  Comment 
Alerian announced today that Oiltanking Partners (NYSE: OILT) is expected to be added to the Alerian MLP Index (NYSE: AMZ) and the Alerian MLP Equal Weight Index (CME: AMZE), replacing QR Energy (NYSE: QRE) in a special rebalancing. Special...
SeekingAlpha  Oct 16  Comment 
By Albert Alfonso: QR Energy (NYSE:QRE) has most certainly seen better days. The stock is down nearly 30% from its summer highs, reached when rival upstream MLP BreitBurn Energy Resource Partners (NASDAQ:BBEP) announced a buyout. In that...
SeekingAlpha  Oct 14  Comment 
By David White: Breitburn Energy Resource Partners LP (NASDAQ:BBEP) is an exploration and production energy master limited partnership. It recently bought QR Energy LP (NYSE:QRE) for 0.9856 units of Breitburn for each unit of QR Energy. This works...
TheStreet.com  Oct 2  Comment 
a Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. a TheStreet Ratings' stock model projects a...
Benzinga  Sep 29  Comment 
In a report published Monday, Stifel analyst Brian Brungardt Jr. downgraded the rating on QR Energy LP (NYSE: QRE) from Buy to Hold, and removed the $21.00 price target. In the report, Stifel noted, “We are transferring coverage from our...
Motley Fool  Sep 23  Comment 
QR Energy LP is a high yield stock, but is it the right stock for long-term dividend investors?
SeekingAlpha  Sep 11  Comment 
By Tim Plaehn: On July 24, 2014, BreitBurn Energy Partners LP (NASDAQ:BBEP) announced that the partnership had reached a merger agreement to acquire QR Energy LP (NYSE:QRE). BBEP and QRE are both upstream energy MLPs with very similar business...


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
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki