QEP Resources – Day Three Breakout Notes

Charles Stanley, President and Chief Executive Officer of QEP Resources (QEP) presented today at EnerCom’s The Oil & Gas Conference® 17. QEP Resources is a leading independent natural gas and oil exploration and production company. QEP’s operations are focused in the Rocky Mountain and Midcontinent regions of the United States.  The company also gathers, compresses, treats and processes natural gas.

During the company’s breakout session, management was asked the following questions:

• At what price point would you cut NGL drilling?
• Where is the gas/liquid balance for your gas wells to be economical?
• Looking at your growth rate for Uinta Red Wash, does it look like you are ready to ramp up production there?
• At $4 gas, what kind of growth rate are you looking at for the next two years?
• Would you consider using your excess debt capacity to accelerate growth?
• If gas prices rise, is Haynesville the first play towards which capital will be allocated?
• Do you have any idea how high gas prices need to go before any allocation occurs?
• Do Uinta Red Wash and Pinedale compete with the Bakken?
• What logistical challenges do you face in the Bakken?
• What would rig trajectory look like at the Uinta Red Wash?

Click here for QEP Resources’ webcast.

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