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QR Energy, LP Common Units repr Message Board

  • rlp2451 rlp2451 Apr 2, 2012 8:51 AM Flag

    QRE Increases Distribution, Production

    Co announces has approved an increase in the cash distribution attributable to the second quarter of 2012 to $0.4875 per unit for all outstanding units. This represents an annualized distribution of $1.95 per unit. The Board has also approved a cash distribution attributable to the first quarter of 2012 of $0.475 per unit for all outstanding units. Additionally, co announced the following revised outlook for FY12: Average net daily production (Boed) 14,000-14,200; LOE and workover expenses (per Boe) $13.50-15.50; Estimated maintenance capital expenditures ($ mln) $51.3; and Estimated total capital expenditures ($ mln) $60.0-70.0.

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