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QEP Resources
1050 17th Street, Suite 800, Denver, Colorado, United States

Memberships : NA
Industry : Natural Gas
Basic Member
Since Nov, 2016
About Company

QEP Resources has a proud legacy dating back to a large natural gas discovery in Wyoming in 1922.

With a proud legacy and an exciting future, QEP Resources is a leading independent crude oil and natural gas exploration and production company focused on some of the most prolific resource plays in the continental United States.

Our portfolio of low-cost, high-quality resource plays provides a solid foundation for sustainable growth with 3,620 Bcfe of year-end 2015 proved reserves. In the third quarter of 2016, our total production of 86.6 Bcfe consisted of approximately 35% crude oil, a substantial increase from 12% in 2012 and 8% in 2011.

Headquartered in Denver, Colorado, QEP is an S&P MidCap 400 Index member company and its common shares trade on the New York Stock Exchange under the ticker symbol QEP.

History

When we debuted as a standalone public company in July 2010, we were a leading low-cost developer and producer of natural gas. Over the past several years, we have been successful in our strategy of growing crude oil production and reserves to develop a more balanced portfolio of both crude oil and natural gas.

Today, our E&P asset portfolio is focused on high-margin, high-return production and reserve growth in some of the most prolific resource plays in the continental United States – including two world-class crude oil provinces, the Williston Basin in North Dakota and the Permian Basin in Texas; two prominent liquids-rich gas plays, the Pinedale Anticline in Wyoming and the Uinta Basin in Utah; and a premier dry gas asset, the Haynesville Shale in Louisiana.

Vision

Build a strong future for all QEP stakeholders through the responsible and profitable development of U.S. crude oil and natural gas resources.

Mission

Create long-term shareholder value by building and developing a balanced portfolio of premier crude oil and natural gas assets through our employees’ shared commitment to operational excellence, technical innovation, and financial discipline.

Values

QEP’s values – Respectful, Resourceful and Responsible – establish our foundation as we work to achieve our vision and mission.

OVERVIEW

With a proud legacy and an exciting future, QEP Resources is an industry leader in crude oil and natural gas exploration and production. We are focused on some of the most prolific natural resource plays in the United States – including two world-class crude oil provinces, the Williston Basin and Permian Basin; two prominent liquids-rich gas plays, the Pinedale Anticline and the Uinta Basin; and a premier dry gas asset, the Haynesville Shale.

Our portfolio of low-cost, high-quality resource plays provides a solid foundation for sustainable growth with 3,620 Bcfe of year-end 2015 proved reserves and multiple Tcfe of probable and possible resources. In the second quarter of 2016, our total production of 86.6 Bcfe consisted of approximately 35% crude oil, a substantial increase from 12% in 2012 and 8% in 2011. Our balanced portfolio of both crude oil and natural gas provides us with flexibility to run our business over the long term throughout all commodity market cycles.

QEP’s commitment to our communities goes beyond being a good neighbor. We work with our stakeholders to create partnerships that have a positive and meaningful impact, making our communities a better place in which to live and work.

Upholding our commitment to our values – Responsible, Respectful and Resourceful – we have developed an organizational structure and process to help report and resolve community concerns. For example, we work with the Pinedale Anticline Working Group in Wyoming and the three affiliated tribes of the MHA Nation in North Dakota to address community concerns.

We support local communities not only through our operations in the form of capital investment, taxes and employment opportunities, but also through our corporate giving and volunteering program, QEP Cares.

QEP Resources respects the environment and the communities where we live, work and operate. Our adherence to industry regulations and state-of-the-art well construction methods, paired with ongoing water, air and land conservation initiatives, help to ensure we conduct our business with respect and care for the environment, and manage risks to drive sustainable business growth.

We are committed to protecting the health and safety of all personnel who are a part of our operations and those who live in the communities in which we operate. For example, contractors are required to provide their health, safety and environment program and performance data to us via a third party database. We evaluate the information and QEP contractors are hired and managed accordingly.

Wherever we operate, we focus on the protection of the health, safety and well-being of our employees, families, friends and neighbors. These are fundamental responsibilities of our company and of each employee. We believe that no aspect of our operations is of greater importance.

RECOGNITION

QEP Resources is committed to the safe and responsible development of oil and natural gas. We have been recognized by a number of groups for our efforts to protect the environment and support local communities.

 

Company NameQEP Resources
Business CategoryNatural Gas
Address1050 17th Street
Suite 800
Denver
Colorado
United States
ZIP: 80265
PresidentCharles B. Stanley
Year Established1922
Employees1000
MembershipsNA
Hours of OperationNA
Company Services
  • Gas
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***Executive Vice President, QEP EnergyLocked content
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