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QEP Going Pure-Play in the Permian; Talks 2018 Plans
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QEP Resources announced its 2018 outlook, Q4 results as well as its plans to sell off its Bakken / Uinta assets and become a pure-play Permian E&P.
The company's holdings are concentrated in the Midland Basin.
QEP is not the first company to refocus their portfolio on the Permian. In February, Pioneer Natural Resources also announced its plans to become a pure-play Permian E&P.
Switch to Pure Play Permian E&P Engaged financial advisors to assist with the divestiture of the Company's Williston and Uinta basin assets, with data rooms expected to be opened in late March or early April Market remaining non-Permian assets, including the Haynesville/Cotton Valley (Haynesville), in the second half of 2018 2018 Plans- 2018 Capex: $1.025-$1.125 billion (relatively flat from its 2017 capex of…
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