QEP Resources Reports First Quarter 2018 Financial and Operating Results

QEP Resources Announces Agreement to Sell Uinta Basin Assets for $155 Million

DENVER, April 25, 2018 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today reported first quarter 2018 financial and operating results.

Delivered record net oil equivalent production in the Permian Basin of 30.9 Mboed, including record oil production of 24.0 Mbod
Reported net gas equivalent production of 286.0 MMcfed in Haynesville/Cotton Valley, a 110% year-over-year increase
Increased 2018 production guidance and forecasted capital expenditures to reflect an accelerated well delivery cadence in the Permian Basin resulting from significant improvements in drilling and completion efficiency
Opened data rooms for the divestiture of the Company’s Willi…

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