Seeking Alpha

QEP Resources to sell Green River interests to QEP Midstream for $230M

QEP Resources (QEP) agrees to sell 40% of its outstanding membership interest in Green River Processing to QEP Midstream Partners (QEPM) for $230M.

At closing, Green River will own the Blacks Fork processing complex and the Emigrant Trail processing plant located in Wyoming.

The sale comes on the heels of QEP's earlier sale of producing assets in the Midcontinent region, and moves the company further away from gas towards a focus on oil.

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