QEP to exit Williston Basin in sale for up to $1.725B

• QEP Resources (QEP) +6% pre-market after agreeing to sell its assets in the Williston Basin in North Dakota and Montana to Vantage Energy (VEAC) for as much as $1.725B.
• The assets consist of more than 100K net acres and are currently producing at the rate of 46K boe/day.
• "This transaction marks an important milestone in simplifying our asset portfolio as we continue on our path to becoming a Permian pure-play operator," says QEP Chairman, President and CEO Chuck Stanley.