Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Weather | Production Rates
QEP Bakken Production Affected by Weather; Uinta Ops Updated
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QEP Resources has reported an update on its fourth quarter and year-end 2013 Bakken and Uinta operations.
Williston BasinQEP's Williston Basin net production averaged approximately 27.7 Mboed (96% liquids) during the fourth quarter 2013, a 30% improvement over the third quarter 2013 and a 51% improvement over the fourth quarter 2012. Severe winter weather had a meaningful negative impact during the quarter.
The Company continued to ramp up activity levels during the quarter, despite significant weather challenges, completing and turning to sales 26 operated wells during the quarter, including 17 wells in South Antelope with an average 24-hour initial production (IP) of approximately 3,025 Boed and nine wells in the Fort Berthold Reservation with an average 24-hour IP of approximately…
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