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QR Energy (QRE +0.9%) agrees to acquire oil properties located in the Ark-La-Tex area from...

QR Energy (QRE +0.9%) agrees to acquire oil properties located in the Ark-La-Tex area from an undisclosed private seller for $215M in cash. The properties have a current net production of ~1,400 boe/day and are 90% oil, more than 90% operated. The acquisition is expected to be immediately accretive to distributable cash flow.
Comments (2)
  • This co is going places and walking the walk.
    1 Nov 2012, 07:31 PM Reply Like
  • Sounds Good!! Whats the daily production and when is payout anticapated.
    7 Nov 2012, 10:31 PM Reply Like
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