QEP Resources to sell Uinta Basin assets for $155M

|About: QEP Resources, Inc. (QEP)|By:, SA News Editor

QEP Resources (NYSE:QEP) agrees to sell natural gas and oil producing properties, undeveloped acreage and related assets in the Uinta Basin to Middle Fork Energy Partners for $155M.

The sale includes 605B cfe of proved reserves at year-end 2017; net Q1 production totaled 54M cfe/day (23% liquids).

QEP has been seeking to sell its Williston and Uinta assets in the hope of becoming a pure-play Permian Basin company.

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