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QEP Moving to Nine Well Pods in Williston Basin
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QEP Resources, Inc. has reported third quarter 2015 financial and operating results.
Chuck Stanley, Chairman, President and CEO of QEP Resources said: "Our third quarter performance reflects our continuing operational and financial success in our core plays. For the second consecutive quarter our Adjusted EBITDA exceeded capital expenditures, while our oil production also grew meaningfully compared with the second quarter 2015. We continue to see the positive impact of our relentless focus on increasing operational efficiencies, capturing lower service and supply costs, and aggressively managing the business factors within our control. We delivered strong oil production growth in the quarter, up 6% sequentially from the second quarter 2015, driven by better completed well performance in…
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