QR Energy is focused on the low-risk development of mature, conventional assets in the United States. We are an engineering based organization. We achieve operational excellence through our basin knowledge, execution, accountability and value creation. Our leadership is supported by a staff of highly qualified petroleum professionals with significant technical expertise and access to state-of-the-art reservoir engineering and geosciences technologies.
Our strategy is to offer investors current income and capital appreciation potential. We maximize recovery and cash flow from legacy assets and pay quarterly cash distributions to unitholders. We hedge a majority of our oil and natural gas production for several years to enhance cash flow stability.
In addition, we pursue strategic, accretive acquisitions to grow our business. We have completed $1.2 billion of acquisitions from our sponsor and third parties since our December 2010 initial public offering.
Our operations are located in the Permian Basin, Ark-La-Tex, Mid-Continent, Gulf Coast and Central Michigan areas. We are headquartered in Houston, Texas.