OKLAHOMA CITY, Jan. 18, 2010 (GLOBE NEWSWIRE) -- Quest Resource Corporation (Nasdaq:QRCP) (“QRCP”), Quest Energy Partners, L.P. (Nasdaq:QELP) (“QELP”), and Quest Midstream Partners L.P. (“QMLP”) today announced the appointment of Stephen L. DeGiusti as General Counsel and Chief Compliance Officer of each entity. In his role, Mr. DeGiusti will provide counsel to the Board of Directors and executive management on all legal matters related to the Quest entities, oversee and coordinate the efforts of outside counsel, and internally monitor employee compliance with Quest’s code of business conduct.
David C. Lawler, President and Chief Executive Officer of QRCP, QELP, and QMLP, said, "We are delighted to welcome Steve to the Quest organization. Steve is a talented attorney that brings broad legal expertise to our organization that will be integral to our continuing efforts to resolve our legacy litigation, improve our internal controls, and implement our growth strategy.”
Prior to joining Quest, Mr. DeGiusti was in the private practice of law for 27 years with the law firm of Crowe & Dunlevy, where he was a trial attorney practicing in state and federal courts. He is a graduate of the University of Central Oklahoma and of the University of Oklahoma College of Law, and is a member of the American, Oklahoma, and Oklahoma County Bar Associations. He has been recognized as a top litigation attorney by Chambers U.S.A., Best Lawyers in America, and Oklahoma Super Lawyers.
About Quest Resource Corporation, Quest Energy Partners, and Quest Midstream Partners
Quest Resource Corporation is a fully integrated E&P company that owns: producing properties and acreage in the Appalachian Basin of the northeastern United States; 100% of the general partner and a 57% limited partner interest in Quest Energy Partners, L.P., including subordinated units; and 85% of the general partner and 36.4% of the limited partner interests in the form of subordinated units 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 Resource routinely posts important information in the “Investors” section of its website.
The Quest Resource Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5732
Quest Energy Partners, L.P. was formed by QRCP to acquire, exploit and develop natural gas and oil properties and to acquire, own, and operate related assets. QELP owns more than 2,400 wells and is the largest producer of natural gas in the Cherokee Basin, which is located in southeast Kansas and northeast Oklahoma. QELP 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. QELP routinely posts important information in the “Investors” section of its website.
Quest Midstream Partners, L.P. was formed by QRCP to acquire and develop transmission and gathering assets in the midstream natural gas and oil industry. QMLP owns more than 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.
The Quest Midstream Partners, L.P. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6751
Forward-Looking Statements
Opinions, forecasts, projections or statements other than statements of historical fact, are forward-looking statements that involve risks and uncertainties. Forward-looking statements in this announcement are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Although QRCP and QELP believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to be correct. Actual results may differ materially due to a variety of factors, some of which may not be foreseen by QRCP and QELP. These risks and other risks are detailed in QRCP's and QELP's filings with the Securities and Exchange Commission, including risk factors listed in QRCP's and QELP’s latest annual reports on Form 10-K/A and other filings with the SEC. You can find QRCP's and QELP's filings with the SEC at www.qrcp.net and www.qelp.net or at www.sec.gov. By making these forward-looking statements, QRCP and QELP undertake no obligation to update these statements for revisions or changes after the date of this release.