November 19, 2018 / 11:18 AM / a month ago

QEP Resources to sell oil and gas assets to Aethon Energy for $735 mln

Nov 19 (Reuters) - QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.

The deal is expected to close in January 2019, the company said. (Reporting by Debroop Roy in Bengaluru; Editing by James Emmanuel)

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