By Tyler Losier, Energy Reporter, Oil & Gas 360 QEP Resources and Elliot Management will work together to appoint two new independent directors QEP Resources, Inc. (stock ticker: QEP), a Denver-based independent E&P, has entered into a cooperation agreement with affiliates of Elliot Management Corporation, which owns approximately 4.9% of QEP’s common stock. Under the terms of the agreement, QEP
From Bloomberg New York-based hedge fund could reach deal for QEP in weeks Elliott Management Corp. is in advanced talks to buy QEP Resources Inc., the oil and gas explorer it offered to buy in January, according to people familiar with the matter. Elliott could reach a deal with the Denver-based company in within weeks, said one of the people, who asked to not be
By Tyler Losier Partnership seeks to acquire assets Investment firm KKR (stock ticker: KKR) is partnering with Western Natural Resources, with the intention of acquiring and producing undeveloped assets in the Williston Basin. This move is closely aligned with KKR’s Energy Real Assets strategy, which has grown to make up around $4 billion of its investment portfolio since the program’s
Shale driller said it would explore sale after Elliott offer of $2 billion From Bloomberg QEP Resources Inc. has attracted takeover interest from private equity giant Blackstone Group LP, as well as drillers Whiting Petroleum Corp. and Callon Petroleum Co., according to people familiar with the matter. The Denver-based natural gas and oil explorer and producer said in February that it would explore a sale after activist investor Elliott
QEP Reports First Quarter 2019 Financial and Operating Results
QEP offer represents 44% premium American oil and gas is once again being rocked by an activist investor, as Elliott Management has submitted a bid to acquire QEP Resources (stock ticker: QEP). Elliott is proposing to acquire QEP for $8.75/share in cash, $2.07 billion in total. Elliott is already a major owner of QEP, with 4.94% of the company. This
Aethon likes Haynesville’s proximity to Gulf markets, Henry Hub In mid-November, QEP Resources (stock ticker: QEP) announced that its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, had entered into a definitive agreement to sell its Haynesville/Cotton Valley oil and gas assets for $735 million. Those assets include natural gas and oil producing properties, undeveloped
QEP will become a Permian pure-play oil producer soon as Bakken, Haynesville deals close QEP Resources, Inc. (stock ticker: QEP) said its subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton
After QEP Williston asset buy, Vantage Energy will be $1.5 billion Bakken operator QEP Resources (ticker: QEP) continued its shift toward a pure-play Permian company today, selling its Williston Basin assets. Vantage Energy Acquisition Corp. (ticker: VEAC), a SPAC backed by NGP and led by former Encana President and Vantage Energy LLC Chairman and CEO Roger Biemans, is the buyer.
QEP Resources, Inc. (ticker: QEP) reported a net loss of $53.6 million, or $(0.22) per diluted share for the first quarter of 2018, compared to Q1 2017 when the company had a net income of $76.9 million, or $0.32 per diluted share. QEP delivered net oil equivalent production in the Permian Basin of 30.9 MBOEPD, including oil production of 24.0
Continental, Whiting, others shift positions from 2 years ago The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state. The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart. The NDIC data from September 2015, however, delivers a shuffled order of companies
Pinedale divestiture and Permian Basin acquisition accelerate transition of QEP to a crude-oil company, successful Haynesville refracs push production up 60% – without a drilling rig The third quarter was good for QEP Resources (ticker: QEP). QEP closed its acquisition of 13,000 net acres in Martin County, Texas for $683.5 million and it completed the sale of its Pinedale Anticline
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