By Tyler Losier, Energy Reporter, Oil & Gas 360 Commercial operations begin at the Bear Den II processing plant Crestwood Equity Partners LP (stock ticker: CEQP), a Houston-based master limited partnership, has begun commercial operations at its Bear Den II processing plant in Watford City, North Dakota. The Bear Den II facility is a 120 million cubic feet per day
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
QEP terminates Williston Basin asset sale Shale operator will pause to review strategic alternatives including possible merger or sale; plans a G&A reduction of 45% QEP Resources (stock ticker: QEP, $QEP) said its board of directors has commenced a comprehensive review of strategic alternatives which could result in a merger or sale of the company or other transaction involving the
Chuck Stanley to retire from QEP; board divides CEO, chairman roles Denver-based QEP Resources Inc. (stock ticker: QEP) has named former BHP Billiton petroleum business chief Timothy “Tim” Cutt as its president and CEO effective January 15, 2019. Cutt will replace Charles “Chuck” Stanley, CEO’s present chairman, president and CEO, who announced his retirement effective January 14, 2019. Cutt will
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
QEP Resources has reached an agreement to sell natural gas and oil producing properties, undeveloped acreage and related assets located in the Uinta Basin for $155 million to Denver based Middle Fork Energy Partners, LLC. This deal includes an estimated 605 Bcfe of proved reserves as of December 31, 2017, and net production in the first quarter of 2018 was
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
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
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
EnerCom conference presenter QEP adds 730 potential Hz drilling locations in the new acreage QEP Resources (ticker: QEP) followed its southwestern Wyoming Pinedale anticline divestiture with an acquisition of more acreage in the Permian. QEP said its subsidiary company, QEP Energy Company, had purchased 13,800 net acres in Martin County, Texas, for a sum of $732 million. The new purchase
‘Tank’ completions in the Spraberry, Wolfcamp; and 20-24 re-fracs in the Haynesville QEP Resources (ticker: QEP) holds acreage across the Williston basin, Pinedale Anticline, Uinta basin, Permian basin, and Haynesville shale. QEP’s acreage produces oil, NGLs, and dry gas—totaling in 13,090.3 MBOE cumulative production in Q1, 2017. For 2017, QEP estimates that it will produce a cumulative of 57 to
Richard Doleshek, Executive Vice President and Chief Financial Officer of QEP Resources, Inc. (NYSE: QEP), presented today at EnerCom’s The Oil & Gas Conference 20®. QEP Resources Inc. is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Texas and Louisiana) of the United
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
