QUOTE AND NEWS
DailyFinance  Mar 28  Comment 
HOUSTON, TX -- (Marketwired) -- 03/28/14 -- QR Energy, LP ("QR Energy") (NYSE: QRE) announced today that the Board of Directors has approved a cash distribution of $0.1625 per unit for all outstanding units. This payment is the first of three...
SeekingAlpha  Mar 11  Comment 
ByHeather Ingrassia: As an income-driven investor who has a penchant for higher-yielding plays, I've decided to shift my focus to the independent oil and gas sector and highlight a number of reasons behind my decision to remain bullish on units of...
SeekingAlpha  Mar 5  Comment 
ByAlbert Alfonso: Executive summary: QR Energy has agreed to purchase QR Energy GP in exchange for 11.6M class B units The units will be issued in equal installments over four years Transaction is...
SeekingAlpha  Mar 3  Comment 
QR Energy, LP (QRE) Q4 2013 Results Earnings Conference Call March 3, 2014 10:00 AM ET Executives Alan Smith - Chief Executive Officer John Campbell - President and COO Cedric Burgher - Chief Financial Officer Josh Wannarka -...
DailyFinance  Mar 3  Comment 
HOUSTON, TX -- (Marketwired) -- 03/03/14 -- QR Energy, LP ("QRE" or "QR Energy") (NYSE: QRE) announced today its operating and financial results for the fourth quarter of 2013 and provided first quarter 2014 and full-year guidance. Highlights...
DailyFinance  Mar 3  Comment 
HOUSTON, TX -- (Marketwired) -- 03/03/14 -- QR Energy, LP ("QRE" or "QR Energy") (NYSE: QRE) announced today it has simplified its capital structure by purchasing QRE GP, LLC ("GP"). The owners of the GP will forgo future Management Incentive...
StreetInsider.com  Mar 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/QR+Energy+%28QRE%29+Misses+Q4+EPS+by+10c/9234627.html for the full story.
DailyFinance  Feb 28  Comment 
HOUSTON, TX -- (Marketwired) -- 02/28/14 -- QR Energy, LP ("QR Energy") (NYSE: QRE) announced today that the Board of Directors of its general partner has approved a cash distribution of $0.1625 per unit for all outstanding units. This payment is...
Forbes  Feb 28  Comment 
When QR Energy reports its fourth quarter results on Monday, March 3, 2014, analysts are expecting to see the company back in the black. They are expecting profit of 36 cents a share after the company took a loss of 20 cents per share a year...
SeekingAlpha  Feb 19  Comment 
By Adam Galas: As part of an experiment comparing High Yield investing versus Dividend Growth investing, I created two portfolios, a Dividend Growth Champions portfolio and a High Yield Income Champions portfolio (you can see them here and here)....




 
TOP CONTRIBUTORS

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]


References

  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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