QR Energy to Buy Oil and Gas Assets for $577 Million
Investing News Network - September 12th, 2011
Reuters reported that QR Energy LP (NYSE:QRE) will buy some oil and natural gas properties across United States from its sponsor Quantum Resources Fund for $577 million.
Reuters reported that QR Energy LP (NYSE:QRE) will buy some oil and natural gas properties across United States from its sponsor Quantum Resources Fund for $577 million.
The market news is quoted as saying:
Private equity firm Quantum Energy Partners is invested in both the fund and the company. The deal will immediately add to QR Energy’s distributable cash flow per unit, the company — which owns onshore and natural gas reserves in North America — said in a statement.