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QR Energy LP To Acquire $110 Million Of Oil Properties


Monday, 1 Jul 2013 06:00am EDT 

QR Energy LP announced that it has signed a definitive agreement to acquire predominantly oil properties located in the Ark-La-Tex area from an undisclosed private seller for $110 million in cash. QR Energy expects to finance the acquisition with cash on hand and borrowings under its bank credit facility. The acquisition is expected to close in early August, subject to customary closing conditions. 

Company Quote

17.11
-0.66 -3.71%
2 Jul 2013