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QEP Resources, Inc. has entered into a definitive agreement with certain individuals and entities to acquire oil and gas properties in the Permian Basin from the Initial Sellers and other
The Wolfcamp Shale is an oil and gas zone found throughout the permian basin. See (Permian Basin Geologic Break down) below. However horizontal development over the last few years has been on developing the wolfcamp in the Delaware and Midland Basins.
Delaware Wolfcamp Shale is a separate formation that lies beneath the Bone Spring, it is about 2000' thick.…