QEP Resources oil producer equipment at work.

Where We Operate

Q1 2017 Production

4,834.0 Mboe
86% 14%

YE 2016 Proved Reserves

160.2 MMboe
86% 14%
Oil
Oil and Natural Gas Liquids
Natural Gas Liquids
Dry Gas

Overview

The Williston Basin spans portions of North Dakota, South Dakota, Montana and the Canadian province of Saskatchewan. While the presence of oil in the basin has been known since the first discovery in the 1920s, exploration and development activity was sporadic, and declining until a revolutionary innovation in technology during the early 2000s. In particular, the combination of horizontal drilling and multi-stage hydraulic fracturing has transformed the basin into one of the top oil producing regions in North America. The primary oil producing targets in the Basin are the Middle Bakken and Three Forks formations, two world-class resources that make up one of the largest contiguous oil accumulations in North America.

In 2008, QEP Resources made its initial operated entrance in the basin with an acreage acquisition located on the Ft. Berthold Indian Reservation in Dunn and Mclean counties in North Dakota. In 2012, we added to our position by acquiring significant crude oil development properties, known as South Antelope, primarily in McKenzie County in North Dakota. Today, we have approximately 116,200 total net acres of crude oil development properties in the Williston Basin.

QEP Resources, INC.