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July 01, 2015 1:45 AM ET

Oil, Gas and Consumable Fuels

Company Overview of QRE Operating, LLC

Company Overview

QRE Operating, LLC acquires, explores, and develops onshore crude oil and natural gas properties in the United States. The company was incorporated in 2010 and is based in Houston, Texas. QRE Operating, LLC operates as a subsidiary of Breitburn Energy Partners LP.

1401 McKinney Street

5 Houston Center

Suite 2400

Houston, TX 77010

United States

Founded in 2010

Phone:

713-452-2200

Fax:

713-452-2202

Key Executives for QRE Operating, LLC

QRE Operating, LLC does not have any Key Executives recorded.

QRE Operating, LLC Key Developments

LL&E Royalty Trust Files Complaint Against Quantum Resources Management, LLC, QR Energy, and QRE Operating, LLC for Legal and Injunctive Relief

On October 3, 2014, the LL&E Royalty Trust, by Roger D. Parsons, Trustee, filed a complaint against Quantum Resources Management, LLC, QR Energy, and QRE Operating, LLC for legal and injunctive relief. Quantum serves as the oil & gas operator for the Jay Field, located in Florida and Alabama, in which the Trust owns a Net Profits Interest. The Trust has not received Distributions from Quantum since 2008 despite the fact that Quantum is contractually required to make monthly payments to the Trust attributable to the Trust's interest. The Trust is seeking money damages, injunctive relief and an appointment of a receiver based on the alleged actions of Quantum. The Trust has specifically alleged breach of contract, statutory conversion, fraud, breach of fiduciary duty, violation of the Racketeer Influenced and Corrupt Organization Act, accounting /injunctive relief and seeks the appointment of a receiver.

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