Current qep Stock Info

QEP Resources Breakout Notes

Richard Doleshek, executive vice president and CFO of QEP Resources, Inc., (ticker: QEP) presented today at EnerCom’s The Oil & Gas Conference® 22.

QEP Resources is a Denver-headquartered E&P company that has acreage in the Williston basin, Pinedale anticline, Uinta basin, Permian basin, and Haynesville shale. The majority of its activity is taking place in the Permian basin, with some rigs operational in its Williston and Pinedale assets.’

QEP Energy Company, a subsidiary of QEP Resources, is purchasing Permian acreage for $732 million—approximately 13,800 net acres in Martin County, TX. The company’s Permian production rose to 21.2 MBOEPD. QEP sold its Pinedale anticline assets in SW Wyoming for $777.5 million in July.  The company’s total production for Q2, 2017 was 13,860.6 MBOE.

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

  • Are you drilling any pilot wells?
  • Can you tell me about the Bakken asset?
  • How are you thinking about 2018 at this point?
  • How to do you compare to Whiting?
  • What is the number of drilling locations left?
  • Can you talk about inventory from drilling and re-frac?
  • Could you rank the CFOs?
  • How aggressive can you drill?
  • When buying the asset, is there anything you guys saw that competitors did not see?
  • What was the next highest bid?
  • Can you discuss details found while looking at historic acquisitions?
  • What kind of density assumptions have you made?
  • How do you go about drilling the tank pads? What if you want to go to back to a location you have already drilled at?

QEP Resources presented at EnerCom’s 2017 The Oil & Gas Conference®.

You can listen to the company’s presentation by clicking here.

You can view the company’s Q2 update by clicking here.

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