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QEP Resources, Inc.

Company Summary

Description

QEP Resources is a leading independent crude oil and natural gas exploration and production company focused on some of the most prolific resource plays in the continental United States. Headquartered in Denver, Colorado, QEP is an S&P MidCap 400 Index member company and its common shares trade on the New York Stock Exchange under the ticker symbol QEP.

Website

http://www.qepres.com/about/

Operational Regions

  • Williston Basin
  • Pinedale
  • Uinta Basin
  • Permian Basin
  • Haynesville-Bossier Shale
  • Green River Basin
  • Midland Basin
  • Delaware Basin
  • Bakken
  • Three Forks Formation
  • Mesaverde Formation
  • Altamont-Bluebell

Financial Data:

NYSE:QEP from Google Finance

Tickers:

  • QEP - New York Stock Exchange

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Recent news

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Investor Presentations

  • 2Q20 Earnings Presentation
  • QEP 4Q 2019 Investor Relations Slides Final (subscriber access)
  • 2Q19 Investor Presentation (subscriber access)
  • 4Q18 Investor Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Earnings Presentation (subscriber access)
  • November 2017 Investor Presentation (subscriber access)
  • 2Q17 Investor Presentation (subscriber access)
  • Investor Presentation - March 2017 (subscriber access)
  • 4Q 2016 Corporate Update (subscriber access)
  • 3Q16 Earnings Call (subscriber access)
  • Enercom Presentation - August 2016 (subscriber access)
  • Q2 2016 QEP Resources Presentation (subscriber access)
  • 1Q16 Earnings slides (subscriber access)
  • March 2016 Investor Presentation (subscriber access)

Company Transactions

Date: 1/11/2019
Type: Acquisition

DETAILS:

COST: 735 $MM

ACRES: 49700

REGIONS:
  • Haynesville-Bossier Shale
  • Cotton Valley Play
  • Date: 11/8/2018
    Type: Acquisition

    DETAILS:

    COST: 3.2 $MM

    REGIONS:
  • Permian Basin
  • Date: 9/30/2018
    Type: Acquisition

    DETAILS:

    COST: 155 $MM

    VOLUMES: 54 Mmcfe/d

    NOTES:
    The Divestiture includes an estimated 605 Bcfe of proved reserves as of December 31, 2017, and net production in the first quarter of 2018 was 54 MMcfed, of which approximately 23% was liquids.
    REGIONS:
  • Uinta Basin
  • Date: 3/31/2018
    Type: Acquisition

    DETAILS:

    COST: 33.3 $MM

    NOTES:
    QEP Resources stated that during the first quarter of 2018 they divested $33.3 million in non-core assets.
    REGIONS:
  • United States
  • Date: 10/31/2017
    Type: Acquisition

    DETAILS:

    COST: 732 $MM

    VOLUMES: 0.635 MBOE/d

    ACRES: 13800 Acres

    NOTES:
    QEP Resources, through QEP Energy Company, has entered into an agreement to acquire crude oil and natural gas assets in the Permian Basin for $732 million. The acquisition includes 13,800 net acres in Martin County, Texas, 730 potential horizontal drilling locations over four horizons, 0.635 Mboe/d in production and net proved reserves of 44 MMboe.
    REGIONS:
  • Permian Basin
  • Date: 9/25/2017
    Type: Acquisition

    DETAILS:

    COST: 740 $MM

    VOLUMES: 234 Mmcfe/d

    NOTES:
    The Pinedale sale consist of 234 MMcfe/d in production (12% liquids) and 964 Bcfe in proved reserves. QEP will reimburse the buyer for any deficiency charges related to midstream contracts between the close of the sale and December 31, 2019. The deal is set to close by September 30, 2017.
    REGIONS:
  • Pinedale
  • Date: 6/30/2017
    Type: Acquisition

    DETAILS:

    COST: 37.5 $MM

    VOLUMES: 4 Mmcfe/d

    NOTES:
    The divestiture includes an estimated 15.2 Bcfe of proved reserves as of December 31, 2016, and net production in the first quarter of 2017 was approximately 4 MMcfed, of which approximately 2% was liquids.
    REGIONS:
  • Pinedale
  • Date: 9/15/2016
    Type: Acquisition

    DETAILS:

    COST: 600 $MM

    VOLUMES: 1.4 MBOE/d

    ACRES: 9400 Acres

    REGIONS:
  • Permian Basin