QEP Resources to sell non-core E&P assets for $807 million (Scandinavian Oil-Gas Magazine)

QEP Resources to sell non-core E&P assets for $807 million

Published May 8, 2014

QEP Resources, Inc. announced that its wholly owned subsidiary, QEP Energy Company, has entered into three definitive agreements to sell non-core oil and gas properties in the Midcontinent and Williston Basin for a combined purchase price of approximately $807 million, subject to customary purchase price adjustments (the 'Divestitures').

Two of the agreements provide for the sale of oil and gas properties in the Cana-Woodford and Granite Wash plays in the Western Anadarko Basin in Texas and Oklahoma for a combined price of approximately $772 million (combined, the 'Midcontinent Divestitures').

Tags: QEP Resources Inc.

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