QEP Resources Announces Closing of Sale of Northwest Louisiana Natural Gas Assets

QEP Resources Confirms Receipt of Proposal from Elliott

DENVER, Jan. 10, 2019 (GLOBE NEWSWIRE) — QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) announced today that the sale of its natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley has closed. As part of this transaction, Aethon III, an affiliate of Aethon Energy (the “Buyer”), assumed all firm gas transportation agreements related to these assets. In addition, QEP novated to the Buyer natural gas derivative contracts covering approximately 40 Bcf of gas for the last eleven months of 2019.

The Company intends to use the proceeds from the divestiture to repay the outstanding balance on its …

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