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QR Energy Extends 9.25% Senior Notes Exchange Offer

HOUSTON, TX--(Marketwire - Oct 24, 2012) - QR Energy, LP, a Delaware limited partnership ("QR Energy") ( NYSE : QRE ), announced today that it has extended the primary expiration date for its previously announced exchange offer relating to its outstanding 9.25% Senior Notes Due 2020 (the "Notes"), which commenced on September 21, 2012.

The exchange offer, which was initially scheduled to expire at 5:00 p.m., New York City time on October 23, 2012, has been extended until 5:00 p.m., New York City time on October 30, 2012. Holders of Notes previously tendered for the exchange shall have the right to withdraw tenders of the Notes at any time prior to the expiration of the exchange offer. As of October 23, 2012, holders of $299,665,000.00, or 99.89% of the outstanding principal amount of the Notes, had tendered their Notes for exchange.

About QR Energy

QR Energy is a publicly traded partnership engaged in the acquisition, production and development of onshore crude oil and natural gas properties in the United States. QR Energy is headquartered in Houston, Texas. For more information, visit QR Energy's website at www.qrenergylp.com.

Forward-Looking Statements

This press release may contain forward-looking statements within the meaning of federal securities laws. QR Energy believes that its expectations and forecasts are based on reasonable assumptions; however, no assurance can be given that such expectations and forecasts will prove to be correct. A number of factors could cause actual results to differ materially from the expectations and forecasts, anticipated results or other forward-looking information expressed in this press release, including risks and uncertainties regarding future results, capital expenditures, liquidity and financial market conditions, sufficiency of cash from operations, adverse market conditions and governmental regulations. For a more complete list of these risk factors, please read QR Energy's filings with the SEC, which are available on QR Energy's Investor Relations website at http://ir.qrenergylp.com or on the SEC website at www.sec.gov.