Skip to main content Q4 2015 Operations Update – QEP Resources, Inc. Investor Presentation | Shale Experts
Loading...
Pm

Q4 2015 Operations Update – QEP Resources, Inc.

QEP Resources, Inc. · Feb 24, 2016 · 16 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. Q4 2015 Operations Update – QEP Resources, Inc. – slide 1
    4Q 2015 OPERATIONS UPDATE FEBRUARY 24, 2016 NYSE: QEP
  2. Q4 2015 Operations Update – QEP Resources, Inc. – slide 2
    ASSET OVERVIEW QEP Energy 4Q 2015 QEP Resources Production Revenues 2015YE Proved Reserves ND Pinedale Anticline Williston Basin 33% 32% 61% 58% WY 6% 10% Uinta Oil plays Basin Liquidsrich plays UT Drygas play CO Oil NGL Natural Gas…
  3. Q4 2015 Operations Update – QEP Resources, Inc. – slide 3
    EXECUTING ON TRANSITION TO OIL 25 20 19.6 19.5 17.1 Oil production (MMBbl) 15 10.2 10 6.3 5 3.7 3.0 2010 2011 2012 2013 2014 2015 2016E (1) 2016E represents midpoint of guidance as of February 24, 2016 4
  4. Q4 2015 Operations Update – QEP Resources, Inc. – slide 4
    WILLISTON BASIN Net Production (MBoed) 60 50 40 30 Fort Berthold 20 10 South Antelope Bakken Formation wells Three Forks Formation wells Proved reserves of 181.0 MMBoe (1) Operated focus area QEP acreage (1) As of December 31, 2015…
  5. Q4 2015 Operations Update – QEP Resources, Inc. – slide 5
    WILLISTON BASIN SOUTH ANTELOPE Net acres: 29,700 Remaining locations: 400 Q4 Completions Gross well cost: 6.0 MM (drill & 1well pad (1 Bakken) complete) 10,000ft laterals (avg.) Additional gross costs: 0.8 MM per well (facilities…
  6. Q4 2015 Operations Update – QEP Resources, Inc. – slide 6
    WILLISTON BASIN HIGHDENSITY INFILL PILOTS Highdensity infill pilot wells continue to show strong results At 270 days, wells significantly outperforming original completion design (30 stages, 3 MM lbs. of proppant) on original spacing…
  7. Q4 2015 Operations Update – QEP Resources, Inc. – slide 7
    WILLISTON BASIN HIGH DENSITY INFILL PILOTS Original Completions Bakken Formation wells HighDensity Infill Wells Three Forks 1st Bench Three Forks 2nd Bench Three Forks 3rd Bench QEP acreage 8
  8. Q4 2015 Operations Update – QEP Resources, Inc. – slide 8
    WILLISTON BASIN HIGHDENSITY INFILL RESULTS 250,000 100 Original Completions: 3035 Stgs; 34 MMlbs (60 wells) HighProppant Completions: 4851 Stgs; 9.510 MMlbs (38 Wells) HighDensity Infill Test: 4851 Stgs; 9.510 MMlbs (10 wells) 200,000…
  9. Q4 2015 Operations Update – QEP Resources, Inc. – slide 9
    WILLISTON BASIN THREE FORKS 2ND & 3RD BENCH WELLS 250,000 100 Original Completions: 3035 Stgs; 34 MMlbs (60 Wells) HighProppant Completions: 4851 Stgs; 9.510 MMlbs (38 Wells) Three Forks 2nd Bench (8 wells) Three Forks 3rd Bench (1…
  10. Q4 2015 Operations Update – QEP Resources, Inc. – slide 10
    WILLISTON BASIN FORT BERTHOLD Net acres: 68,600 Gross well cost: 6.5 MM (drill & complete) 10,000ft laterals (avg.) Additional gross costs: 1.1MM per well (facilities and artificial lift) QEP Waiting on Completion (WOC, 3 wells)…
  11. Q4 2015 Operations Update – QEP Resources, Inc. – slide 11
    PERMIAN BASIN Existing vertical PDP well Net Production Q4 2015 horizontal completion (MBoed) QEP horizontal rig 16 QEP acreage 14 12 10 8 Middle Spraberry 6 4 Spraberry Shale 2 Well in Progress 0 Net acres: 26,500 (1) Proved reserves:…
  12. Q4 2015 Operations Update – QEP Resources, Inc. – slide 12
    PERMIAN BASIN OPERATIONAL UPDATE Completion optimization program Zipper fracs reduce completion time Pumping higher rate fracs Continue to enhance completion design Completed five QEP operated wells in 4Q 2015 Spraberry Shale:…
  13. Q4 2015 Operations Update – QEP Resources, Inc. – slide 13
    PERMIAN BASIN WELL SPACING TESTS Existing vertical PDP well QEP acreage Leonard Shale Middle Spraberry Spraberry Shale Wolfcamp B Wolfcamp D 14
  14. Q4 2015 Operations Update – QEP Resources, Inc. – slide 14
    MIDLAND BASIN TYPE LOG Shale Carbonate 4,000 feet of oil Clearfork Shale Leonard Shale charged vertical U. Spraberry section M. Spraberry L. Spraberry Approximately 775 Jo Mill Sand Spraberry future horizontal Shale Dean locations,…
  15. Q4 2015 Operations Update – QEP Resources, Inc. – slide 15
    GREEN RIVER BASIN PINEDALE ANTICLINE Net acres: 12,700 QEP Producing Well Proved reserves: 1.13 Tcfe (1) Other operators (No QEP interest) 4Q 2015 completions: 24 wells QEP Drilling (1) Gross well cost: 2.9 MM Additional gross costs:…
  16. Q4 2015 Operations Update – QEP Resources, Inc. – slide 16
    UINTA BASIN RED WASH LOWER MESAVERDE Net acres: Approximately 253,800 in the Uinta Basin Over 48,000 net acres in the Red Wash Unit (100% WI, 86.5% NRI) Proved reserves: 559 Bcfe(1) Cumulative production of most recent vertical 8well…

From the store

Browse maps, data & reports in the Shale Experts store