QEP presents at EnerCom’s The Oil & Gas Conference®

Denver-based QEP Resources (ticker: QEP) has a diverse asset portfolio that is focused on the Permian and Williston basins.

Q2 highlights

  • Delivered record quarterly oil and condensate production of 6.6 MMbbls, including a record 3.2 MMbbls in the Permian Basin, a 32% and 49% quarter-over-quarter increase, respectively
  • Delivered 20% quarter-over-quarter increase in Williston Basin production driven by strong well results from our drilling and refracs programs on South Antelope
  • Increased quarterly production in Haynesville/Cotton Valley to 314 MMcfe/d, a 71% year-over-year increase, driven by strong well results from our drilling and refrac programs
  • Decreased Permian Basin lease operating expense (LOE) to $5.10 per Boe, a 24% year-over-year decrease
  • Increased 2018 oil and condensate production guidance to reflect improved efficiencies in the Permian Basin and better than forecasted results in the Williston Basin

Breakout session at the EnerCom conference

During QEP’s breakout session at the 2018 EnerCom conference, management was asked the following questions:

  • What are your long-term expectations for well performance?
  • For the asset in the Williston Basin, will there be any more production wells drilled? Will you invest more capital in that area?
  • Will you accelerate the prediction in Permian Basin? Is it feasible to add more rigs or fleets to deliver more production?
  • Talk about the timeline of the development plan.
  • Can you talk about your expected decline curves?

You can listen to QEP’s presentation here.

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