QEP Resources Announces Agreement to Sell Northwest Louisiana Natural Gas Assets for $735.0 Million

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

DENVER, Nov. 19, 2018 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) announced today that its wholly owned subsidiaries, QEP Energy Company, QEP Marketing Company, and QEP Oil & Gas Company, have entered into a definitive agreement to sell natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley for $735.0 million, subject to purchase price adjustments (the “Divestiture”).

“The sale of our Haynesville/Cotton Valley business is an important next step in our process of becoming a Permian pure-play company,” commented Chuck Stanley, Chairman, President and CEO of QEP. “W…

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