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.

QEP Resources Selling $155 Million of Uintah Basin Assets

QEP Resources Uintah Assets; Source: QEP Resources

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 54 MMcfed, of which approximately 23% was liquids.

The Oil and Gas Conference®

QEP Resources is presenting at EnerCom’s The Oil & Gas Conference® at the Denver Downtown Westin Hotel, Denver, Colo. Aug. 19-23, 2018. EnerCom expects to have more than 80 presenting oil and gas companies and more than 2000 financial professionals attending this year’s conference.

To learn more about the conference and presenter schedule please visit the conference website here.

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