QEP Resources (NYSE: QEP)
Company Overview
QEP Resources, headquartered in Denver, Colorado, is an independent crude oil and natural gas E&P company.
It is currently concentrating efforts on its core Permian assets using what it calls ‘tank-style’ development.
Tank style development:
- Multiple stacked horizons from a single surface location
- Large multi-well pads and advanced completion designs
- Wells completed in a top-down pattern
- “Pressure Wall” separates producing wells from completing wells
- “Buffer” minimizes interference between completed and drilling wells
QEP Resources Assets; Source: QEP Resources
Summary
- Q1-2018 Revenue: $ 386 million
- Q1-2018 Production: 130 (MBOE/day)
- Total Common Stock Outstanding: 238 million
- Enterprise Value: $ 5.4 billion
- Total Debt: $ 2.5 billion
- 1P Reserves: 685 MMboe
- Operating Margin: -5.65%
Management Team
Charles B. Stanley – Chairman, President & CEO
Richard J. Doleshek – Executive Vice President, CFO
Jim E. Torgerson – Executive Vice President, QEP Energy
Jeffery R. Tommerup – Senior Vice President, Eastern Region & HSE
Christopher K. Woosley – Senior Vice President, General Counsel
The Oil and Gas Conference®
QEP Resources is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.
To learn more about the conference and presenter schedule please visit the conference website here.
