Questar unit acquires natural gas producing properties


Questar (STR) says its Wexpro subsidiary agrees to acquire an additional interest in natural gas-producing properties at Wyoming's Vermillion Basin for ~$106M.

STR already owns 46% working interest in the properties being acquired; the acquisition will increase it to 88%.

The deal adds ~118B cfe of net proved reserves; ~45% are currently proved-developed.

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