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

|About: QR Energy, LP (QRE)|By:, SA News Editor

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.