QRE Profile — QR Energy LP
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 QRE Operating, LLC subsidiary. Co.'s properties are located in the Permian Basin (Texas and New Mexico) and the Ark-La-Tex (Arkansas, Louisiana and Texas), Mid-Continent (Oklahoma) and Gulf Coast (Florida and Alabama) areas. Co. designs and manages the development, recompletion or workover for all of the wells it operates. At Dec 31 2011, Co.'s total estimated proved reserves were about 75.2 million barrels of oil equivalent, of which about 56.0% were oil and natural gas liquids and 68.0% were proved developed reserves.