QR Energy is engaged in the acquisition, exploitation, development and production of oil and natural gas properties. Co.'s business activities are conducted through its wholly-owned subsidiary, QRE Operating, LLC. Co.'s properties are located in the Permian Basin, the Ark-La-Tex, Gulf Coast, and the Mid-Continent areas. Co. designs and manages the development, recompletion or workover for all of the wells it operates including the supervision of operation and maintenance activities. As of Dec 31 2012, Co.'s total estimated proved reserves were about 99.1 million barrels of oil equivalent, of which about 68.0% were oil and natural gas liquids and 75.0% were proved developed reserves.
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