QEP Resources oil company rigs at sunset.

History & Legacy

QEP Resources has a proud legacy dating back to a large natural gas discovery in Wyoming in 1922.

When we debuted as a standalone public company in July 2010, we were a leading low-cost developer and producer of natural gas. Over the past several years, we have been successful in our strategy of growing crude oil production and reserves to develop a more balanced portfolio of both crude oil and natural gas.

Today, our E&P asset portfolio is focused on high-margin, high-return production and reserve growth in some of the most prolific resource plays in the continental United States – including two world-class crude oil provinces, the Permian Basin in Texas and the Williston Basin in North Dakota; and two prominent natural gas plays, the Uinta Basin in Utah and the Haynesville Shale in Louisiana.

An employee stands next to a truck for Ohio Oil Company truck, which will become QEP exploration and production company.

Ohio Oil Company discovers gas in Southwest Wyoming

Certificate for Mountain Fuel Supply Company, a natural gas company which will become QEP Resources Inc.

Mountain Fuel Supply Company is spun out of Ohio Oil Company

Map of Wyoming, where QEP Resources has oil assets and natural gas assets at Brady Field.

Discovered oil at Brady Field in Southwest Wyoming

Questar Corporation logo, an oil producer which will become QEP Resources Inc, is renamed Questar Corporation.

Mountain Fuel Supply Company Renamed Questar Corporation

Map of Oklahoma, where QEP Resources has oil assets and natural gas assets.

Added Midcontinent asset base in corporate acquisition of Universal Resources Company

Map of Utah, where QEP Resources has oil assets and natural gas assets in the Uinta Basin.

Added asset base in the Uinta Basin in corporate acquisition of Shenandoah Energy

Map of North Dakota, where QEP Resources has oil assets and natural gas assets in Williston Basin.

Acquired Williston Basin leasehold on Ft. Berthold Indian Reservation in North Dakota

Acquired Haynesville Shale/Cotton Valley leasehold in Louisiana

Map of Louisiana, where QEP Resources has oil assets and natural gas assets in Haynesville Shale.

Acquired additional Haynesville Shale leasehold in Louisiana

QEP Resources, Inc., logo with Wall street sign.

QEP Resources spun out of Questar Corporation in a pro-rata tax-free dividend, establishing itself as a new, independent crude oil and natural gas exploration and production company with its shares trading on the New York Stock Exchange under the ticker symbol “QEP”

Map of North Dakota, where QEP Resources has oil assets and natural gas assets in Williston Basin.

Acquired South Antelope crude oil development properties in the Williston Basin in North Dakota for $1.4 billion

QEP Midstream Partners logo, a public offering of QEP Resources.

Divested non-core E&P assets in the Powder River Basin, San Juan Basin and the Marmaton/Tonkawa plays in the Anadarko Basin.

Completed the initial public offering of QEP Midstream Partners (QEPM)

Announced decision to separate the company’s midstream business, QEP Field Services, including its interest in QEPM, from QEP Resources

 

QEP Resources oil rig in Permian basin in Texas.

Acquired crude oil development properties (County Line) in the Permian Basin in Texas for $950 million

Divested non-core E&P assets in the Midcontinent, including the Granite Wash and Woodford “Cana”

Sold midstream business for $2.5 billion

Map of Texas, where QEP Resources has oil assets and natural gas assets.

Acquired crude oil development properties (Mustang Springs) in the Permian Basin in Texas for $595 million

Map of Wyoming, where QEP Resources has oil assets and natural gas assets at Brady Field.

Divested the Pinedale Anticline field assets in Sublette County, Wyoming

Dating back to a large natural gas discovery in Wyoming in 1922, and more recently, debuting as a standalone publicly traded company in July 2010, QEP has a history of being an industry leader in the exploration for and production of crude oil and natural gas.

QEP Resources, INC.