QEP Resources 2019 Guidance(1) 1Q 2019 2019 Oil & Condensate Production (MMBbl) 4.95 - 5.05 20.5 - 21.5 Gas Production (Bcf) 5.85 - 6.35 23.0 - 25.0 NGL Production (MMBbl) 0.90 - 1.05 3.7 - 4.2 Total oil equivalent production…
QEP Resources 2019 Corporate Overhead Reset QEP Expects to Decrease General & Administrative Expense (G&A)(1) to Less Than 3.00 per BOE by 2020 250.0 200.0 61.0 150.0 54.0 in millions 100.0 15.0 168.0 163.8 160.7…
Asset Overview
Midland Basin Profile(1) Net acres(2) 49,700 Gross operated producing wells 487/231 (Vertical/Horizontal) Average WI/average NRI 96 / 73% Proved reserves (MMboe)/% liquids(3) 308 / 87% Production Split oil/gas/NGL 74/13/13%…
Midland Basin 4Q 2018 Activity Well Progress (as of December 31, 2018) Gross Net Drilling 13 13.0 UL 2631E Pad (6 Wells) Avg. Lateral Length: 7,322 At total depth under drilling rig 8 8.0 4 Wells Cleaned Up Avg. IP24 138…
Williston Basin Profile(1) Net acres 114,100 Gross operated producing wells 394 Average WI/average NRI 86/69% Proved reserves (MMboe)/% liquids(2) 167 / 85% Production Split oil/gas/NGL 66/18/16% (1) As of December 31, 2018…
Williston Basin South Antelope 4Q 2018 Summary & Activity Four South Antelope refracs put on production in 4Q 2018: Average IP24 gross incremental production of 1,366 Boed/well (78% oil) Average 30-day IP gross incremental…
Appendix
QEP Resources Derivative Positions The following tables present QEP's volumes and average prices for its open production derivative positions as of February 15, 2019: Production Commodity Derivative Swaps Total Average Price Year…