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About
QEP Resources, Inc. is a holding company, which engages in the exploration and production of oil and natural gas properties. It operates through the QEP Energy and QEP Marketing and Other business lines. The QEP Energy business line involves in oil and gas exploration and production. The QEP Marketing and Other business line includes oil and gas marketing; operation of a gas gathering system and an underground gas storage facility; and corporate activities. The company was founded on May 18, 2010 and is headquartered in Denver, CO. | |||
Description
QEP Resources, Inc., through its subsidiaries, operates as a natural gas and crude oil exploration and production company in the United States. The company conducts exploration and production activities in the Williston Basin in North Dakota, Permian Basin in western Texas; Pinedale Anticline in western Wyoming; Uinta Basin in eastern Utah; Haynesville/Cotton Valley in northwestern Louisiana; and other proven properties in Wyoming, Utah, and Colorado. As of December 31, 2016, it had estimated proved reserves of 731.4 MMboe. The company sells its gas, oil, and natural gas liquids (NGL) to various customers, including wholesale marketers, industrial users, local distribution companies, utilities, and other companies. In addition, it operates an underground gas storage facility. QEP Resources, Inc. is headquartered in Denver, Colorado. |