QEP RESOURCES' HISTORY

QEP Resources, Inc. is a leading independent natural gas and oil exploration and production company. Our company’s origin dates back to a large natural gas discovery in southwestern Wyoming in 1922.  We have operated under various names over the years, including Mountain Fuel Supply Company, Celsius Energy Company, Universal Resources Corporation, Questar Market Resources, Inc., Questar Exploration and Production Company, Questar Gas Management Company, and Questar Energy Trading Company. On June 30, 2010, shares of QEP Resources, Inc. began trading as a new publicly-traded, independent natural gas and oil exploration and production company after being spun-off from Questar Corporation in a pro-rata tax-free dividend. Today, while QEP Resources is a major Rocky Mountain producer, over 50% of our net production comes from the Midcontinent region.  We also gather, compress, treat and process natural gas in our core producing areas.