Quest Energy Partners Raises Quarterly Distribution to $0.41 per Unit and Declares Distribution for the First Quarter of 2008
April 25 2008 - 3:40PM
Marketwired
OKLAHOMA CITY, OK today announced a quarterly cash distribution
for the first quarter of 2008 of $0.41 per unit for all of its
outstanding units. On an annualized basis, the distribution
represents a $0.04 per unit, or 2.5%, increase over the
partnership's initial distribution rate set for the fourth quarter
of 2007. The distribution will be payable on May 15, 2008 to
unitholders of record at the close of business on May 5, 2008.
About Quest Energy Partners, L.P.
Quest Energy Partners, L.P. was formed by Quest Resource
Corporation (NASDAQ: QRCP) to acquire, exploit and develop natural
gas and oil properties and to acquire, own, and operate related
assets. The Partnership owns more than 2,300 wells and is the
largest producer of natural gas in the Cherokee Basin, which is
located in southeast Kansas and northeast Oklahoma and holds a
drilling inventory of approximately 2,100 locations. For more
information, visit the Quest Energy Partners website at
www.qelp.net.
Quest Resource Corporation is a fully integrated E&P company
that owns 100% of the general partner and a 57% limited partner
interest in Quest Energy Partners, L.P. and 85% of the general
partner and a 36% limited partner interest in Quest Midstream
Partners, L.P. Quest Resource operates and controls Quest Energy
Partners and Quest Midstream Partners through its ownership of
their general partners. For more information, visit the Quest
Resource website at www.qrcp.net.
Quest Midstream Partners, L.P. was formed by Quest Resource
Corporation to acquire and develop transmission and gathering
assets in the midstream natural gas and oil industry. The
partnership owns approximately 2,000 miles of natural gas gathering
pipelines and over 1,100 miles of interstate natural gas
transmission pipelines in Oklahoma, Kansas, and Missouri. For more
information, visit the Quest Midstream Partners website at
www.qmlp.net.
Company Contact: Jack Collins Investor Relations Phone: (405)
702-7460 Website: www.qelp.net
Quest Energy Partners, L.P. (MM) (NASDAQ:QELP)
Historical Stock Chart
From Jun 2024 to Jul 2024
Quest Energy Partners, L.P. (MM) (NASDAQ:QELP)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Quest Energy Partners, L.P. (MM) (NASDAQ): 0 recent articles
More Quest Energy Partners, L.P. News Articles