Quest Energy Partners Raises Quarterly Distribution to $0.43 per Unit and Declares Distribution for the Second Quarter of 2008

SOURCE:

Quest Energy Partners, L.P.

2008-07-25 10:00:00

Quest Energy Partners Raises Quarterly Distribution to $0.43 per Unit and Declares Distribution for the Second Quarter of 2008

OKLAHOMA CITY, OK–(EMWNews – July 25, 2008) – Quest Energy Partners, L.P. (NASDAQ: QELP) today announced a quarterly cash distribution for the second quarter

of 2008 of $0.43 per unit for all of its outstanding units. On an

annualized basis, the distribution represents an $0.08 per unit, or

approximately 5%, increase over the distribution paid for the first quarter

of 2008. The distribution will be payable on August 14, 2008 to unitholders

of record at the close of business on August 4, 2008.

About Quest Energy Partners L.P.

Quest Energy Partners, L.P. was formed by Quest Resource Corporation

(NASDAQ: QRCP) to acquire, exploit and develop natural gas and oil

properties and to acquire, own, and operate related assets. The partnership

owns more than 2,300 wells and is the largest producer of natural gas in

the Cherokee Basin, which is located in southeast Kansas and northeast

Oklahoma and holds a drilling inventory of nearly 2,100 locations in the

Basin. The partnership also owns natural gas and oil producing wells in the

Appalachian Basin of the northeastern United States and in Seminole County,

Oklahoma. For more information, visit the Quest Energy Partners website at

www.qelp.net.

Quest Resource Corporation is a fully integrated E&P company that owns: the

right to develop approximately 130,000 net acres in the Appalachian Basin

of the northeastern United States, including 122,600 acres prospective for

the Marcellus Shale; 100% of the general partner and a 57% limited partner

interest in Quest Energy Partners, L.P.; and 85% of the general partner and

a 36% limited partner interest in Quest Midstream Partners, L.P. Quest

Resource operates and controls Quest Energy Partners and Quest Midstream

Partners through its ownership of their general partners. For more

information, visit the Quest Resource website at www.qrcp.net.

Quest Midstream Partners, L.P. was formed by Quest Resource Corporation to

acquire and develop transmission and gathering assets in the midstream

natural gas and oil industry. The partnership owns approximately 2,000

miles of natural gas gathering pipelines and over 1,100 miles of interstate

natural gas transmission pipelines in Oklahoma, Kansas, and Missouri. For

more information, visit the Quest Midstream Partners website at

www.qmlp.net.

Company Contact:
Jack Collins
Investor Relations
Phone: (405) 702-7460
Website: www.qelp.net

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