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Q3 2016 Operational Update – QEP Resources, Inc.

QEP Resources, Inc. · Oct 26, 2016 · 23 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. Q3 2016 Operational Update – QEP Resources, Inc. – slide 1
    3Q 2016 Operations Update October 26, 2016
  2. Q3 2016 Operational Update – QEP Resources, Inc. – slide 2
    QEP at a Glance Williston Profile Basin 2016 YTD production 253 Bcfe % crude oil production 37% Pinedale Anticline Total proved reserves(1) 3,620 Bcfe Total net acreage(1) 1,270,000 Executing on a Transition to Oil 25 (2)…
  3. Q3 2016 Operational Update – QEP Resources, Inc. – slide 3
    Permian Basin County Line Woodford Play Mustang Springs QEP Acreage As of 10/19/2016 4
  4. Q3 2016 Operational Update – QEP Resources, Inc. – slide 4
    Permian Basin Overview 3Q 2016 Program Highlights Profile (1) Completed initial winerack geometry well Net acres 74,400 density test targeting the A and C benches of the Spraberry Shale Gross operated producing wells 491 Average…
  5. Q3 2016 Operational Update – QEP Resources, Inc. – slide 5
    Permian Basin Drilling & Completion Performance (1) Spud to TD (days) Drilling Cost (/ft) (2) Stage Length (ft) 300 250 30 250 25 200 200 20 150 15 150 100 10 100 50 50 5 0 0 0 2014 2015 2016 2014 2015 2016 2014 2015 2016…
  6. Q3 2016 Operational Update – QEP Resources, Inc. – slide 6
    Permian Basin Activity County Line Net Acres: 20,000 Rig Count: 3 horizontal Completions: 5 Spraberry Shale Drilling (4 Spraberry Shale) WOC: 2 Spraberry Shale Drilling (1 Leonard Shale) Drilling: 5 Rig Moving to Loc.…
  7. Q3 2016 Operational Update – QEP Resources, Inc. – slide 7
    Permian Basin Horizontal Well Performance County Line 300,000 300,000 Spraberry Shale: 7,500' (23 well avg) Middle Spraberry: 7,500' (8 well avg) Spraberry Shale: 10,000' (2 well avg) Middle Spraberry: 10,000' (1 well) 250,000…
  8. Q3 2016 Operational Update – QEP Resources, Inc. – slide 8
    Stacked Pay Potential County Line (unrisked) Formation Development Upside 9
  9. Q3 2016 Operational Update – QEP Resources, Inc. – slide 9
    Permian Basin Mustang Springs Acquisition closed October 19, 2016 Net Acres: 9,400 Rig Count: 0 Two rigs expected to arrive on acreage in 4Q 2016, from County Line QEP Acreage As of 10/19/2016 10
  10. Q3 2016 Operational Update – QEP Resources, Inc. – slide 10
    Stacked Pay Potential Mustang Springs (unrisked) Formation Development Upside 11
  11. Q3 2016 Operational Update – QEP Resources, Inc. – slide 11
    Williston Basin Ft. Berthold Indian Reservation South Antelope QEP Acreage 12
  12. Q3 2016 Operational Update – QEP Resources, Inc. – slide 12
    Williston Basin Overview 3Q 2016 Program Highlights Profile(1) Completed two 2nd bench wells and one 3rd Net acres 117,000 bench well in South Antelope Gross operated producing wells 340 2nd Bench 24hour IP of 2,871 Boed Average…
  13. Q3 2016 Operational Update – QEP Resources, Inc. – slide 13
    Williston Basin Drilling & Completion Performance(1) Spud to TD (Days) Drilling Cost (/ft) (2) Stage Length (ft) 300 350 25 250 300 20 250 200 15 200 150 150 10 100 100 5 50 50 0 0 0 2014 2015 2016 2014 2015 2016 2014…
  14. Q3 2016 Operational Update – QEP Resources, Inc. – slide 14
    Williston Basin Activity South Antelope WOC 9 wells Net Acres: 30,500 WOC 6 wells Rig Count: 0 Q3 Completions Completions: 6 4 wells Middle Bakken (2) TF 1 (1) TF 2 (2) TF 3 (1) WOC: 23 Middle Bakken (11) TF 1 (4) Q3…
  15. Q3 2016 Operational Update – QEP Resources, Inc. – slide 15
    Development Plan South Antelope Formation QEP Activity Development Upside * Assumes leaseline wells actually drilled within DSU for Middle Bakken, TF1 and TF3 16
  16. Q3 2016 Operational Update – QEP Resources, Inc. – slide 16
    Williston Basin Activity Fort Berthold Net Acres: 65,200 Rig Count: 1 horizontal Completions: 3 Middle Bakken (2) Drilling: 1 Rig TF 1 (1) 4 wells WOC: 0 Q3 Completions Drilling: 4 3 wells Middle Bakken (2) TF 1 (2) QEP…
  17. Q3 2016 Operational Update – QEP Resources, Inc. – slide 17
    Pinedale Pinedale QEP Acreage Greater Green River Basin Pinedale 18
  18. Q3 2016 Operational Update – QEP Resources, Inc. – slide 18
    Pinedale Overview 3Q 2016 Program Highlights Profile(1) Completed 34 wells during the quarter Net acres 17,400 Continuing to refine drilling program in more Gross operated producing wells 1,109 challenging area of the field Average…
  19. Q3 2016 Operational Update – QEP Resources, Inc. – slide 19
    Pinedale Activity Net Acres: 17,400 WOC Rig Count: 1 vertical 6 wells Completions: 34 Drilling: 1 Rig 8 well pad WOC: 6 Vertical Development Drilling: 8 Q3 Completions 2 wells Q3 Completions 8 well pad Q3 Completions 8…
  20. Q3 2016 Operational Update – QEP Resources, Inc. – slide 20
    Haynesville Haynesville Fairway Haynesville QEP Units Haynesville Haynesville Fairway As of 9/30/2016 21
  21. Q3 2016 Operational Update – QEP Resources, Inc. – slide 21
    Haynesville Overview 3Q 2016 Program Highlights Profile(1) Successful workover program and nonoperated Net acres 48,100 volumes increased net production Gross operated producing wells 130 Rig activity in the area continues to…
  22. Q3 2016 Operational Update – QEP Resources, Inc. – slide 22
    Uinta Basin Red Wash Red Wash Uinta Basin QEP Acreage QEP Acreage QEP Acreage 23
  23. Q3 2016 Operational Update – QEP Resources, Inc. – slide 23
    Uinta Basin Overview Lower Mesaverde 3Q 2016 Program Highlights Profile(1) Continue to evaluate recent vertical well Net acres(2) 110,300 performance Gross operated producing wells(2) 106 Additional compression scheduled for 4Q…

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