Profile: QEP Resources Inc (QEP.N)
26 Dec 2014
QEP Resources, Inc. (QEP), incorporated on May 17, 2010, is a holding company. The Company operates in two lines of business: gas and oil exploration and production, and energy marketing. The Company conducts business through its subsidiaries: QEP Energy Company (QEP Energy), which acquires, explores for, develops and produces natural gas, oil, and natural gas liquids (NGL), and QEP Marketing Company (QEP Marketing), which markets affiliate and third-party natural gas and oil, provides risk-management services, and owns and operates an underground gas-storage reservoir. The Company’s operations are focused in two regions: the Northern Region (North Dakota, Wyoming and Utah) and the Southern Region (Oklahoma, Louisiana and the Texas Panhandle) of the United States.
QEP Energy Company
QEP Energy is actively involved in several of North America’s hydrocarbon resource plays. QEP’s exploration and production activities are conducted through QEP Energy.
QEP Energy operates in two core regions: the Northern Region (including the states of Wyoming, Utah, Colorado, New Mexico and North Dakota) and the Southern Region (including the states of Oklahoma, Texas and Louisiana). QEP Energy has an inventory of identified development drilling locations, primarily on the Pinedale Anticline in western Wyoming; the Haynesville/Cotton Valley area in northwestern Louisiana; the Midcontinent area with properties primarily in Oklahoma and Texas; the Uinta Basin in eastern Utah, and the Rockies Legacy, which includes the Bakken/Three Forks area in western North Dakota and other properties in Wyoming.
QEP Marketing Company
QEP Marketing provides wholesale marketing and sales of affiliate and third-party natural gas, oil and NGL. As a wholesale marketing entity, QEP Marketing concentrates on markets in the Rocky Mountains, Pacific Northwest and Midcontinent that are either close to affiliate reserves and production or accessible by pipelines.
QEP Marketing contracts for firm-transportation capacity on pipelines and firm-storage capacity at Clay Basin, a baseload-storage facility. QEP Marketing, through its subsidiary Clear Creek Storage Company, LLC, owns and operates an underground gas-storage reservoir in southwestern Wyoming. QEP Marketing uses owned and leased storage capacity together with firm-transportation capacity.
QEP Resources Inc
Suite 500, 1050 17th Street
DENVER CO 80265