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8-K - FORM 8-K - QR Energy, LP | d450085d8k.htm |
Exhibit 99.1
QR Energy Announces Closing of Acquisition of East Texas Oil Properties
Dec 04, 2012 (Marketwire via COMTEX) QR Energy, LP (QRE or QR Energy) (NYSE: QRE) announced today that it closed its previously announced acquisition of predominantly oil properties from an undisclosed private seller. QRE acquired mature, legacy properties located in the East Texas field for $214.3 million in cash after customary purchase price adjustments.
About QR Energy, LP
QR Energy, LP is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. For more information, visit QR Energys website at www.qrenergylp.com.
Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of federal securities laws. QR Energy believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this press release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations. For a more complete list of these risk factors, please read QR Energys filings with the Securities and Exchange Commission (SEC), which are available on QR Energys Investor Relations website at http://ir.qrenergylp.com or on the SECs website at www.sec.gov.
Investor Contacts
Taylor B. Miele
Investor Relations Manager
(713) 452-2990
Cedric W. Burgher
Chief Financial Officer
(713) 452-2200