Quest Resources Expands in the Marcellus Shale Play

In my previous article on Quest Resources (QRCP), which can be found here, I talked about the significant growth that is possible from the acquisition of developed properties by Quest Energy Partners (QELP), a subsidiary of Quest Resources. 

This week, Quest Resources and Quest Energy Partners jointly announced a sizable acquisition that will both increases the size of Quest Energy Partners and increases the amount of Marcellus acreage held by Quest Resources.  This represents exactly the type of value creating acquisition that Quest Resource’s unique MLP (Master Limited Partnership) structure provides.  The acquisition is fairly large, with the Quest companies paying $140 million dollars for 78,000 acres of land with 67,000 of those acres lying in the Marcellus Shale.