Company Description (as filed with the SEC)
QR Energy, LP is a Delaware limited partnership formed in September 2010 by affiliates of the Fund to own and exploit producing oil and natural gas properties. We operate in one reportable segment engaged in the acquisition, exploitation, development and production of oil and natural gas properties, and our business activities are conducted through OLLC, our wholly owned subsidiary. Our properties are located in Alabama, Arkansas, Florida, Kansas, Louisiana, Michigan, New Mexico, Oklahoma and Texas. Our properties consist of mature, legacy onshore oil and natural gas reservoirs with long-lived, predictable production profiles. As of December 31, 2012, our total estimated proved reserves were approximately 99.1 MMBoe, of which approximately 68% were oil and NGLs and 75% were classified as proved developed reserves. As of December 31, 2012, our estimated proved reserves had a standardized measure of $1.6 billion. ... More ...