Acquisitions & Divestitures

Facing a going-concern crisis last year and de-listing from the Nasdaq exchange, the three-related upstream Quest entities—Quest Resource Corp., Oklahoma City, (Nasdaq: QRCP), Quest Energy Partners LP (Nasdaq: QELP) and Quest Midstream Partners LP—have completed their recombination to create a new publicly traded corporation named PostRock Energy Corp.

PostRock paid 0.0575 per share of Quest Resources, 0.2859 share of Quest Energy, and 0.4033 share of Quest Midstream. Approximately 23% of the new company is owned by former Quest Resources equity holders, 33% by former Quest Energy equity holders, and 44% ...