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QEP's Permian Production Jumps 43% from 1Q18 as Drilling Accelerates
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QEP Resources reported its Q2 2018 results.
As previously announced, QEP is in the process of transitioning into a pure-play Permian E&P and will sell off all its other assets.
Production Highlights:- Q2 production of 14.1 MMboe (up +21% from 1Q18 and up a slight +2% YOY)
Record quarterly oil and condensate production of 6.6 MMbbls, including a record 3.2 MMbbls in the Permian Basin, a 32% and 49% quarter-over-quarter increase, respectively Delivered 20% QOQ increase in Williston Basin production Increased quarterly production in Haynesville/Cotton Valley to 314 MMcfed, up 71% YOY Permian Basin - Production Up 43% from Q1 Q2 Permian production of 44.1 Mboed (91% liquids) during the second quarter 2018 (up 43% from 1Q18 and up 108% YOY) TIL 37 gross operated wells in Q2 (8…- ✓ Full news archive — U.S., Canada & international coverage
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