Quest Energy Company Description
This company's quest is many layered. Quest Energy Partners (QEP), which was formed in 2007 by parent company Quest Resource Corporation, owns and operates all of its parent's natural gas and oil assets. Its focus is on acquiring, exploiting, and developing properties in the Cherokee Basin, a 15-county region in southeastern Kansas and northeastern Oklahoma. QEP reported net proved reserves in 2007 of 211.1 billion cu. ft. (approximately 99% of which is coalbed methane, a natural gas extracted from coal beds). In addition to its producing properties, the company owns additional properties in the Cherokee Basin region which contain potential drilling locations and acreage. Quest Resource owns 56% of QEP.
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The Company Description provides a historical perspective of Quest Energy's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Quest Energy's evolution in the marketplace.
