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Energy M&A image Energy M&A » By The Online Investor Staff, updated Wed., Aug. 5, 2:53 PM Recent mergers and acquisitions in the Energy M&A category.

Slide #51. QR Energy, LP QRE GP, LLC

Acquirer: QR Energy, LP (QRE)
Acquiree: QRE GP, LLC
Details: 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 Fees ("MIF") and their current approximately 0.1% general partner interest in exchange for the right to earn up to 11.6 million Class B units, in four equal annual installments, provided certain QRE performance thresholds are met.

QR Energy is engaged in the acquisition, exploitation, development and production of oil and natural gas properties. Co.'s business activities are conducted through its wholly-owned subsidiary, QRE Operating, LLC. Co.'s properties are located in the Permian Basin, the Ark-La-Tex, Gulf Coast, and the Mid-Continent areas. Co. designs and manages the development, recompletion or workover for all of the wells it operates including the supervision of operation and maintenance activities. As of Dec 31 2013, Co.'s total estimated proved reserves were about 109.1 million barrels of oil equivalent, of which about 77% were oil and natural gas liquids and 85.0% were proved developed reserves.

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Company Name: 
QR Energy LP
Website: 
www.qrenergylp.com
Sector: 
Oil & Gas Exploration & Production
 

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