Operational Updates | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
QEP 4Q 2016 Operational Update
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QEP Resources, Inc. reported its full year and fourth quarter 2015 results.
Full Year 2015 Highlights Reduced year-over-year capital expenditures by 41%, excluding acquisitions, while delivering record total production Increased year-over-year crude oil production by more than 14% Maintained strong liquidity, including $376 million of cash at year-end and undrawn revolving credit facility Achieved record estimated year-end proved crude oil reservesChuck Stanley, Chairman, President and CEO of QEP Resources, said: "Our high-quality, diversified E&P asset portfolio, combined with a year-end 2015 cash position of $376 million and an undrawn revolving credit facility, places QEP in an enviable position in today's challenging commodity price environment. In the fourth quarter we continued…
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