Denver-based QEP Resources Inc. (stock ticker: QEP) reported its Q3 Results Wednesday.
Pure-play is right move for QEP’s size
QEP is well on the course to being a pure-play Permian company, with the sale of its Bakken assets announced earlier this week. QEP Chairman, President and CEO Charles Stanley outlined some of the advantages to being a pure-play producer in the company’s conference call. “First, we think for a company our size, being a single-basin producer makes sense because it allows us to focus our technical and our commercial efforts on a single high-return asset, while streamlining our organization to drive down costs and maximize efficiency. Since March, we've already reduced our head count by approximately 30% and we'll con...

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