Quest Energy Partners LP, Oklahoma City, (Nasdaq: QELP) says it has suspended distributions on its common units, beginning with those from the fourth quarter of 2008 that were scheduled to be paid in mid-February.
The company says the decision to suspend distributions was based on its board's "desire to ensure [Quest Energy Partners] has sufficient liquidity to properly conduct operations, maintain strategic options, and comply with the terms of its debt instruments in light of the recent declines in natural gas prices and the maturity of its second lien loan at the end of September 2009."
Quest owns more than 2,300 wells and is the largest producer of natural gas in the Cherokee Basin in southeast Kansas and northeast Oklahoma.
Tech Over Trial-and-Error: Improving Near-Well Bore Completions
2023-01-27 - Drill2Frac’s FlowFX solution helps fine-tune completion designs by modeling parameters such as the number of perf clusters and length of stages.
Intelligent Completions: Sensing Through Cement
2023-02-03 - Miniature quartz gauge measures reservoir conditions through cement in real time.
Baker Hughes Listens Up (and Down): Acoustic Telemetry Aids Deepwater Completions
2023-01-06 - Bi-directional communications give operators more data about the downhole environment, allowing them to make better decisions in real-time.
E&P Tech Trends: What is Sharp Reflections' Unreleased Seismic 4D Product? [WATCH]
2023-03-07 - In this week's episode of Hart Energy LIVE's E&P Tech Trends, Hart Energy technology reporter Jaxon Caines talks seismic data and the importance of Sharp Reflections' unreleased software.
COO Richard Dealy: Pioneer Gears Up to Test Permian’s Woodford, Barnett Zones [WATCH]
2023-03-21 - Pioneer Natural Resources President and COO Richard Dealy discusses what's on tap for its Permian Basin, including electrification of fields, production growth, "decades of inventory" and wind turbines.