QELP's senior credit agreement consists of a $250 million revolving creditfacility with availability tied to a borrowing base that is re-determinedby the lenders every six months based on third party reserve reports. OnNovember 5, 2008, the lenders reviewed and affirmed the existing borrowingbase of $190 million, consistent with the borrowing base at the time of thePetroEdge acquisition in July 2008. With the reconfirmation of theborrowing base, QELP has $7 million of availability under the revolvingsenior credit facility. QELP has not borrowed on the facility since theQuest entities announced the questionable transfer of funds on August 25,2008.

QELP's $45 million second lien senior term loan was amended to extend itsmaturity from January 11, 2009 to September 30, 2009. The amended secondlien senior term loan limits fiscal 2009 capital expenditures to $30million and, for as long as the second lien senior term loan isoutstanding, limits the maximum quarterly distribution QELP may declare andpay on its outstanding common units to $0.40 per common unit. Theamendments also require QELP to make quarterly principal payments of $3.8million beginning November 15, 2008 on the second lien senior term loan.

The interest rate payable under QELP's credit facilities is a variable rateequal to, at QELP's option, either the Eurodollar rate or the base rate,plus an applicable margin. The amendments increased the margins payableunder each credit facility. After giving effect to the amendments, thecurrent interest on the revolving credit facility was increased from 5.75%to 6.875% and the interest rate on the second lien senior term loan wasincreased from 9.875% to 12.5%.

QELP paid a 25 basis point amendment fee on the committed amounts of thecredit agreements. The full amendments to the loan agreements were filedwith the Securities and Exchange Commission on November 7, 2008.

Management Comment

David Lawler, president of QELP said, "We are pleased to complete theseamendments that give us additional time to repay our second lien seniorterm loan and allow us to continue to make distributions to our common unitholders. We are committed to limiting capital expenditures in 2009 to amaintenance level and using excess cash flow generated by our operations toreduce debt."

About Quest Energy Partners, L.P.

Quest Energy Partners, L.P. was formed by Quest Resource Corp. (NASDAQ: QRCP) to acquire, exploit and develop natural gas and oil properties and toacquire, own, and operate related assets. The partnership owns more than2,300 wells and is the largest producer of natural gas in the CherokeeBasin, which is located in southeast Kansas and northeast Oklahoma andholds a drilling inventory of nearly 2,100 locations in the Basin. Thepartnership also owns natural gas and oil producing wells in theAppalachian Basin of the northeastern United States and in Seminole County,Oklahoma. For more information, visit the Quest Energy Partners website atwww.qelp.net.

Forward-Looking Statements

Opinions, forecasts, projections or statements other than statements ofhistorical fact, are forward-looking statements that involve risks anduncertainties. Forward-looking statements in this announcement are madepursuant to the safe harbor provisions of the Private Securities LitigationReform Act of 1995. Although QELP believes that the expectations reflectedin such forward-looking statements are reasonable, it can give no assurancethat such expectations will prove to be correct. In particular, theforward looking statements made in this release are based upon a number offinancial and operating assumptions that are subject to a number of risks,including the results of QELP's ongoing internal investigation into thequestionable transfers by QELP's former CEO mentioned in this pressrelease, the ongoing worldwide crisis in the capital markets, uncertaintyinvolved in exploring for and developing new natural gas reserves, the saleprices of natural gas and oil, labor and raw material costs, theavailability of sufficient capital resources to carry out the anticipatedlevel of new well development and construction of related pipelines,environmental issues, weather conditions, competition and general marketconditions. Actual results may differ materially due to a variety offactors, some of which may not be foreseen by QELP. These risks, and otherrisks are detailed in QELP's filings with the Securities and ExchangeCommission, including risk factors listed in their latest annual reports onForm 10-K and other filings with the Securities and Exchange Commission.You can find QELP's filings with the Securities and Exchange Commission atwww.qelp.net or at www.sec.gov. By making these forward-lookingstatements, QELP undertakes no obligation to update these statements forrevisions or changes after the date of this release.

Company Contact:Jack CollinsInterim CFOPhone: (405) 702-7460Website: www.qelp.net