OKLAHOMA CITY, Oct. 23, 2009 (GLOBE NEWSWIRE) -- Quest Midstream Partners, L.P.
("QMLP" or the "Partnership") today announced that the Federal Energy Regulatory
Commission ("FERC") has issued an order approving Park & Loan service on QMLP's
KPC Pipeline ("KPC"). Park & Loan service involves delivering gas to the
pipeline for holding until a future date or having the pipeline loan gas to a
customer to be paid back at a later date. By providing this service, KPC can
assist consumers, producers, and marketers in managing price and volume risk in
their respective businesses.
Tom Saunders, Executive Vice President of QMLP, said, "We are pleased to receive
FERC approval to provide a new service on KPC that enhances the value of the
pipeline to our shippers. We look forward to implementing several other
initiatives on the pipeline in the near future that will further increase the
service options available to KPC's existing shippers and to potential new
customers." To contract for Park & Loan service, inquire about new services, or
to learn more about KPC, please contact Cathy Pocock, Vice President, Marketing
and Commercial Development of QMLP, at (405) 702-7433.
About Quest Midstream Partners and Quest Resource Corporation
Quest Midstream Partners, L.P. was formed by Quest Resource Corporation
(Nasdaq:QRCP) to acquire and develop transmission and gathering assets in the
midstream natural gas and oil industry. QMLP owns more than 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.
The Quest Midstream Partners, L.P. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=6751
Quest Resource Corporation is a fully integrated E&P company that owns:
producing properties and acreage in the Appalachian Basin of the northeastern
United States; 100% of the general partner and a 55.9% limited partner interest
in Quest Energy Partners, L.P. (Nasdaq:QELP), including subordinated units; and
85% of the general partner and a 36.4% of the limited partner interests in the
form of subordinated units 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 Resource routinely posts important
information in the "Investors" section of its website.
The Quest Resource Corporation logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=5732
Forward-Looking Statements
Opinions, forecasts, projections or statements other than statements of
historical fact, are forward-looking statements that involve risks and
uncertainties. Forward-looking statements in this announcement, including the
future implementation of new services on KPC are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Although QMLP believes that the expectations reflected in such forward-looking
statements are reasonable, they can give no assurance that such expectations
will prove to be correct. These and other risks are detailed in QRCP's filings
with the Securities and Exchange Commission, including risk factors listed in
QRCP's latest annual report on Form 10-K/A and other filings with the SEC. You
can find QRCP's filings with the SEC at www.qrcp.net or at www.sec.gov. By
making these forward-looking statements, QMLP and QRCP undertake no obligation
to update these statements for revisions or changes after the date of this
release.
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CONTACT: Quest Resource Corporation
Jack Collins, EVP Finance/Corporate Development
(405) 702-7460
www.qmlp.net
