QR Energy Announces Public Offering of 12.0M Common Units

QR Energy, LP, a Delaware limited partnership

, announced today that it has commenced an underwritten public offering (the "offering") of 12,000,000 common units representing limited partner interests in QRE (the "common units"). QR Energy intends to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 common units. QR Energy intends to use the net proceeds from the offering, including the proceeds from any exercise of the underwriters' option to purchase additional common units and its general partner's related capital contribution to maintain its general partner interest, to repay borrowings outstanding under its credit facility and for general corporate purposes. RBC Capital Markets, Barclays, J.P. Morgan, Raymond James, Wells Fargo Securities, BMO Capital Markets, Citigroup, Credit Suisse, and UBS Investment Bank are acting as joint book-running managers for the offering. Janney Montgomery Scott, Baird, Goldman Sachs & Co., Oppenheimer & Co., Stifel Nicolaus Weisel, Wunderlich Securities, Global Hunter Securities, Ladenburg Thalmann & Co. Inc., and MLV & Co. are acting as co-managers for the offering. This offering will be made only by means of a prospectus supplement and accompanying prospectus. When available, a copy of the preliminary prospectus supplement and accompanying prospectus relating to the offering may be obtained from: