Profile: QEP Resources Inc (QEP.N)
7 Dec 2016
QEP Resources, Inc. (QEP), incorporated on May 17, 2010, is a holding company with two subsidiaries, QEP Energy Company and QEP Marketing Company, which are engaged in two primary lines of business: oil and gas exploration and production (QEP Energy), and oil and gas marketing, operation of a gas gathering system and an underground gas storage facility, and corporate activities (QEP Marketing and Other). The Company operates through QEP Energy segment. The Company's operations are focused in two geographic regions: the Northern Region (primarily in Wyoming, North Dakota and Utah) and the Southern Region (primarily in Texas and Louisiana) of the United States. The Company's properties in its Northern Region include Pinedale, Williston Basin, Uinta Basin and Other Northern properties. Its Southern Region includes various properties, such as Permian Basin and Midcontinent operations.
The Company's subsidiary, QEP Energy Company, conducts exploration and production (E&P) activities in several of North America's hydrocarbon resource plays. QEP Energy Company has an inventory of identified development drilling locations in the Pinedale Anticline in western Wyoming, the Williston Basin in North Dakota, the Uinta Basin in eastern Utah, the Permian Basin in western Texas, the Haynesville/Cotton Valley in northwestern Louisiana, and other properties in Wyoming, Utah and Colorado. QEP Energy Company has oil and gas properties in the Permian Basin of Texas. The properties consists of approximately 26,500 net acres of producing and undeveloped oil and gas properties, and approximately 270 vertical producing wells in the Permian Basin. QEP Energy Company sells its gas, oil and natural gas liquids (NGL) production to a range of customers, including gas-marketing firms, industrial users, local-distribution companies, crude oil refiners and marketers. QEP Energy Company has approximately 3,620.2 billions of cubic feet equivalent (Bcfe) of estimated proved reserves. QEP Energy Company seeks to acquire, develop and produce oil and gas from resource plays in its core operating areas.
QEP Resources Inc
1050 17th St Ste 500
DENVER CO 80265-1050