Latest Quest Resource Corp. Stories

2008-11-07 09:00:20

Quest Energy Partners L.P. (NASDAQ: QELP) ("QELP") today announced that it had finalized agreements with its lenders to amend the terms of its senior credit agreement and second lien senior term loan agreement. Among other terms of the amendments, the lenders agreed to waive any potential non-compliance in prior periods that was a direct or indirect consequence of the questionable transfer of approximately $10 million of funds from the Quest entities to an entity controlled by QELP's former...

2008-08-29 00:00:33

By Jerry Shottenkirk Quest Energy Partners LP units closed at $12.17, up 25 cents or 2.1 percent, and parent company Quest Resource Corp. finished the day at $4.68, down 14 cents, or 2.9 percent, Wednesday on the Nasdaq. Quest Energy and Quest Resource have held steady since the initial blast on Monday when they announced the companies were under investigation by the Oklahoma Securities Department regarding questionable transfers of approximately $10 million to an entity controlled by...

2008-07-15 03:00:34

By Jack Money, The Oklahoman Jul. 15--Quest Resource Corp. owns about 78,000 new acres in the Marcellus Shale natural gas field in the Appalachian Basin in West Virginia and Pennsylvania. The company picked up the land from West Virginia-based PetroEdge Resources for about $142 million in a deal that closed on Monday, officials announced. Quest Resource is making the acquisition using its master limited partnership. It will own half of PetroEdge -- primarily, it's unproved reserves...

2008-06-27 12:03:04

By Jack Money, The Oklahoman Jun. 27--Quest Resource Corp. is stepping into the Appalachia natural gas field in West Virginia and Pennsylvania. Company officials call the move significant for several reasons. First, it establishes the company outside its traditional operational area of the Cherokee Basin, located in northeast Oklahoma and southeast Kansas. Second, it gets Quest into a significant position within the Marcellus Shale, a source of natural gas in the field, because it is...

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