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QEP Resources Selling Pinedale Asset; Incease CapEx
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QEP Resources has detailed its 2017 guidance and Q1 2017 results. During its 1q17 call, the company noted that it has hired a company to help market the Pinedale asset. It is expecting to sell the asset this year.
"On a divestiture front, earlier this week, we engaged an advisor to assist us in divesting our Pinedale asset. We will commence the process in the next week or so and we anticipate completion of a transaction in the second half of the year."
"Pinedale is our senior asset. There's a strong interest from buyers in PDP-heavy or PDP-weighted assets in the current market. We view the Pinedale asset – it's been a great asset, it's been the foundation of the company for a number of years and a platform for growth for us, but at this juncture, we're running out of inventory to…- ✓ Full news archive — U.S., Canada & international coverage
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