Key Developments: QR Energy LP (QRE)
17.42USD
17 May 2013
$0.11 (+0.64%)
$17.31
$17.45
$17.54
$17.34
297,641
383,506
$20.99
$15.25
Latest Key Developments (Source: Significant Developments)
Qr Energy LP Issues Q2 2013 Production Guidance; Reaffirms FY 2013 Production Guidance
Qr Energy LP announced that for second quarter of 2013, it expects average net daily production (Boed) in the range of 17,000-17,400. For fiscal 2013, it expects average net daily production (Boed) in the range of 17,800-18,200 Full Article
Qr Energy LP Announces Cash Distribution
Qr Energy LP announced a cash distribution attributable to the first quarter of 2013 of $0.4875 per unit for all outstanding common units of record at the close of business on May 8, 2013. This represents an annualized distribution of $1.95 per common unit. Full Article
Qr Energy LP Announces Quarterly Cash Distribution
Qr Energy LP announced that the Board of Directors of its general partner has approved a cash distribution attributable to the first quarter of 2013 of $0.4875 per unit for all outstanding units. The distribution will be payable on May 15, 2013 to unitholders of record at the close of business on May 8, 2013. Full Article
Qr Energy LP Issues Q1, FY 2013 Production Guidance
Qr Energy LP announced that for first quarter of 2013, it expects average net daily production (Boed) in the range of 17,500-17,900. For fiscal 2013, it expects average net daily production (Boed) in the range of 17,800-18,200 Full Article
Qr Energy LP Announces Quarterly Cash Distribution
Qr Energy LP announced that the Board of Directors of its general partner has approved a cash distribution attributable to the fourth quarter of 2012 of $0.4875 per unit for all outstanding units. This represents an annualized distribution of $1.95 per unit. The distribution will be payable on February 15, 2013 to unitholders of record at the close of business on February 8, 2013. Full Article
Qr Energy LP Announces Exercise Of Underwriters' Option To Purchase Additional Common Units
Qr Energy LP announced underwritten public offering (the "offering") of 12,000,000 common units representing limited partner interests in QRE (the "common units") have exercised in full their option to purchase an additional 1,800,000 common units (the "option units") at a price to the public of $16.24. QR Energy expects to receive net proceeds from the offering of approximately $214.9 million, including the sale of the option units and its general partner's related capital contribution to maintain its general partner interest, and after deducting underwriting discounts and estimated offering expenses. QR Energy intends to use the net proceeds from the offering to repay borrowings outstanding under its credit facility and for general corporate purposes. The offering is expected to close on December 12, 2012, subject to customary closing conditions. RBC Capital Markets, Barclays, J.P. Morgan, UBS Investment Bank, Wells Fargo Securities, Raymond James, Citigroup, Credit Suisse, and Goldman, Sachs & Co. acted as joint book-running managers for the offering. Baird, BMO Capital Markets, Janney Montgomery Scott, Oppenheimer & Co., Wunderlich Securities, Ladenburg Thalmann & Co. Inc., and MLV & Co. acted as co-managers for the offering. Full Article
Qr Energy LP Prices Public Offering of Common Units
Qr Energy LP announced that it has priced its previously announced underwritten public offering of 12,000,000 common units representing limited partner interests in QRE (the common units) at a price to the public of $16.24 per common unit. The underwriters have been granted a 30-day option to purchase up to an additional 1,800,000 common units. The offering is expected to close on December 12, 2012. QR Energy expects to receive net proceeds from the offering, including its general partner's related capital contribution to maintain its general partner interest, and after deducting underwriting discounts and estimated offering expenses, of approximately $186.7 million (or approximately $214.7 million if the underwriters exercise their option to purchase an additional 1,800,000 common units in full). QR Energy intends to use the net proceeds from the offering to repay borrowings outstanding under its credit facility and for general corporate purposes. Full Article
Qr Energy LP Announces Public Offering of Common Units
Qr Energy LP announced that it has commenced an underwritten public offering (the offering) of 12,000,000 common units representing limited partner interests in QRE (the "common units"). QR Energy intends to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 common units. QR Energy intends to use the net proceeds from the offering, including the proceeds from any exercise of the underwriters' option to purchase additional common units and its general partner's related capital contribution to maintain its general partner interest, to repay borrowings outstanding under its credit facility and for general corporate purposes. RBC Capital Markets, Barclays, J.P. Morgan, Raymond James, Wells Fargo Securities, BMO Capital Markets, Citigroup, Credit Suisse, and UBS Investment Bank are acting as joint book-running managers for the offering. Full Article
Qr Energy LP Announces Closing Of Acquisition Of East Texas Oil Properties
Qr Energy LP announced 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. Full Article
Qr Energy LP Issues Q4 2012 Production Guidance; Reaffirms FY 2012 Production Guidance
QR Energy, LP announced that for fourth quarter of 2012, it expects average net daily production (Boed) to be in the range of 14,500-14,900 and average net daily production (Boed) 14,200-14,600 for fiscal 2012. Full Article
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