PostRock is a Delaware corporation formed on July 1, 2009 under the name New Quest Holdings Corp. solely for the purpose of effecting the recombination and has had no other operations to date. On October 2, 2009, the corporation changed its name to PostRock Energy Corporation. PostRock has not conducted any business operations other than incidental to its formation and in connection with the transactions contemplated by the merger agreement. Following the recombination, PostRock will own QRCP, QELP and QMLP as direct or indirect wholly-owned subsidiaries and will have no significant assets other than the stock or other voting securities of its subsidiaries. At the completion of the recombination, PostRock will be an integrated independent energy company involved in the acquisition, development, exploration, production and transportation of natural gas, primarily from coal seam (coal bed methane, or “CBM”) and unconventional shale, and natural gas and oil from conventional reservoirs. PostRock’s principal operations and producing properties will be located in the Cherokee Basin of southeastern Kansas and northeastern Oklahoma; Seminole County, Oklahoma; and West Virginia, Pennsylvania and New York in the Appalachian Basin.
 
On a pro forma basis for the recombination, PostRock’s assets, as of September 30, 2009, consist of the following:
 
  
  •   Approximately 2,126 gross producing gas wells, 23 gross producing oil wells, as well as approximately 486 gross gas wells which are currently not producing gas but are capable of producing gas, the development rights to approximately 535,818 net acres and approximately 2,173 miles of gas gathering pipeline in the Cherokee Basin. There are approximately 234 wells that we believe to be capable of production should gathering infrastructure be available. Of this, approximately 100 wells are in an area where this infrastructure has been partially completed by Bluestem. The estimated net proved reserves associated with these assets as of December 31, 2008 were 152.7 Bcfe. 
 
  •   Approximately 505 gross gas wells, with five in various stages of completion, the development rights to approximately 44,779 net acres and approximately 183 miles of gas gathering pipeline in the Appalachian Basin. The estimated net proved reserves associated with these assets as of December 31, 2008 were 18.6 Bcfe. 
 
  •   18 gross producing oil wells, with up to 37 additional shut in wells believed to be capable of production, and the development rights to approximately 1,480 net acres in Seminole County, Oklahoma. 
 
  •   An 1,120 mile interstate natural gas pipeline that transports natural gas from northern Oklahoma and western Kansas to the metropolitan Wichita and Kansas City markets.