Quest Energy Partners Raises Quarterly Distribution to $0.43 per Unit and Declares Distribution for the Second Quarter of 2008
July 25 2008 - 10:00AM
Marketwired
OKLAHOMA CITY, OK today announced a quarterly cash distribution
for the second quarter of 2008 of $0.43 per unit for all of its
outstanding units. On an annualized basis, the distribution
represents an $0.08 per unit, or approximately 5%, increase over
the distribution paid for the first quarter of 2008. The
distribution will be payable on August 14, 2008 to unitholders of
record at the close of business on August 4, 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 nearly 2,100 locations in the Basin. The
partnership also owns natural gas and oil producing wells in the
Appalachian Basin of the northeastern United States and in Seminole
County, Oklahoma. 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: the right to develop approximately 130,000 net acres in
the Appalachian Basin of the northeastern United States, including
122,600 acres prospective for the Marcellus Shale; 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
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