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			&lt;font style="display: inline;font-weight:bold;"&gt;NOTE 16&lt;/font&gt;&lt;font style="display: inline;font-weight:bold;"&gt; &amp;#x2013; SUBSEQUENT EVENTS&lt;/font&gt;&lt;font style="display: inline;font-weight:bold;"&gt;&amp;nbsp;&lt;/font&gt;
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			&lt;font style="display: inline;"&gt;In preparing the accompanying financial statements, we have reviewed events that have occurred after June 30, 2013, through the issuance of the financial statements.&lt;/font&gt;
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			&lt;font style="display: inline;font-style:italic;"&gt;2013 East Texas Acquisition&lt;/font&gt;
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			&lt;font style="display: inline;font-weight:bold;"&gt;&amp;nbsp;&lt;/font&gt;
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			&lt;font style="display: inline;"&gt;On &lt;/font&gt;&lt;font style="display: inline;"&gt;August 6, 2013&lt;/font&gt;&lt;font style="display: inline;"&gt;, we closed the acquisition of primarily oil properties located in East Texas from a private seller for &lt;/font&gt;&lt;font style="display: inline;"&gt;$1&lt;/font&gt;&lt;font style="display: inline;"&gt;09.2&lt;/font&gt;&lt;font style="display: inline;"&gt; million cash, subject to customary purchase price adjustments (&lt;/font&gt;&lt;font style="display: inline;"&gt;the &amp;#x201C;2013 East Texas Acquisition&amp;#x201D;)&lt;/font&gt;&lt;font style="display: inline;"&gt;, using funds drawn on our revolving credit facility on &lt;/font&gt;&lt;font style="display: inline;"&gt;August 5, 2013.&lt;/font&gt;&lt;font style="display: inline;"&gt; In &lt;/font&gt;&lt;font style="display: inline;"&gt;accordance with the &lt;/font&gt;&lt;font style="display: inline;"&gt;purchase and sale agreement&lt;/font&gt;&lt;font style="display: inline;"&gt;, we placed &lt;/font&gt;&lt;font style="display: inline;"&gt;a deposit &lt;/font&gt;&lt;font style="display: inline;"&gt;into escrow which was &lt;/font&gt;&lt;font style="display: inline;"&gt;recorded in other assets in the &lt;/font&gt;&lt;font style="display: inline;"&gt;consolidated balance sheet as of June 30, 2013. In addition, the 2013 East Texas Acquisition includes&lt;/font&gt;&lt;font style="display: inline;"&gt; an interest in a saltwater disposal company that will result in us owning a controlling interest. The saltwater disposal company services the acquired properties. &lt;/font&gt;
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			&lt;font style="display: inline;font-style:italic;"&gt;Second Quarter 2013 Distribution&lt;/font&gt;
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			&lt;font style="display: inline;"&gt;On &lt;/font&gt;&lt;font style="display: inline;"&gt;July 24, 2013&lt;/font&gt;&lt;font style="display: inline;"&gt;, the board of directors of QRE GP declared a &lt;/font&gt;&lt;font style="display: inline;"&gt;$0.4875&lt;/font&gt;&lt;font style="display: inline;"&gt; per unit distribution related to the second quarter 2013 which will be paid on &lt;/font&gt;&lt;font style="display: inline;"&gt;August 14, 2013&lt;/font&gt;&lt;font style="display: inline;"&gt; to unitholders of record at the close of business on &lt;/font&gt;&lt;font style="display: inline;"&gt;August 7, 2013&lt;/font&gt;&lt;font style="display: inline;"&gt;. As a result of this declaration, a management incentive fee related to the second quarter 2013 in the amount of &lt;/font&gt;&lt;font style="display: inline;"&gt;$1.3&lt;/font&gt;&lt;font style="display: inline;"&gt; million will be recognized during the three months ended September 30, 2013.&lt;/font&gt;
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