Quest Energy Partners, L.P to raise Raises Quarterly Distribution to $0.43 per Unit
Quest Energy Partners, L.P. told the press that its 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.
Quest Energy Partners, L.P. was formed by Quest Resource Corporation 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.
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
Company Contact: Jack Collins Investor Relations
Phone: (405) 702-7460
Source: Quest Energy Partners, L.P.