QEP Resources, Inc.
QEP Resources, Inc. (NYSE: QEP) is a leading independent crude oil and natural gas exploration and production company focused on some of the most prolific resource plays in the continental United States – including the Williston Basin and Permian Basin crude oil plays; Pinedale Anticline and Uinta Basin (Lower Mesaverde) liquids-rich gas plays; and the Haynesville dry gas play. The company also gathers, compresses, treats, processes and stores natural gas. QEP Resources is the majority owner of QEP Midstream Partners, LP (NYSE: QEPM) and owns 100% of the partnership’s general partner.
With year-end 2013 proved reserves of 4.1 trillion cubic feet of natural gas equivalent, QEP’s portfolio of low cost, high quality resource plays provides a solid foundation for sustainable growth. In the first quarter of 2014, the company’s average daily production of 819 million cubic feet of natural gas equivalent was comprised of approximately 27% crude oil.
QEP Resources – an S&P 500 index member company – is headquartered in Denver, Colorado and employs approximately 1,000 people in eight states. On July 1, 2010, the company’s common shares began trading on the New York Stock Exchange under the ticker symbol “QEP.”