Take a look at LRR (LRE), they are in similar shape as QRE. Both are fledgling E&P MLPs with 10%+ yields.
I can't help but laugh at how similar their presentations are (LRE's slide 10 looks like a copy and paste of QRE's slide 5...or vice versa). One might also note that both of those slides are essentially a copy of a slide that is some often in EVEP's presentations.
Neither of these MLPs have assets that are particulary exciting and what was very disturbing on the LRE acquisition (that looked very cheap on the surface) was that they mentioned the decline rate in Yr 1 was 20% followed by 9% thereafter (I think the wells had been reworked and thus that is why the decline was "only" 20%).
QRE's recent deal didn't look terribly bad given it had a large oil component.
Both of those MLPs have failed to either get their message across...or the market has gotten the message loud and clear and is voting with their feet.