By OGJ editors
HOUSTON, Mar. 5 -- Shareholders and unitholders of Quest Resource Corp., Quest Energy Partners LP, and Quest Midstream Partners LP approved a recombination as PostRock Energy Corp., Oklahoma City.
PostRock Energy said the action will make it more competitive by allowing it to increase development activity, further reduce costs, improve operational efficiency, and simplify the organizational structure.
Vertically integrated PostRock Energy owns more than 2,800 wells and nearly 2,200 miles of natural gas gathering pipelines and is the largest gas producer in the Cherokee basin of Southeast Kansas and Northeast Oklahoma. It owns nearly 400 gas and oil producing wells and undeveloped acreage in the Appalachian basin of the northeastern US. It owns more than 1,100 miles of interstate gas transmission pipelines in Oklahoma, Kansas, and Missouri.