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Operations Update – QEP Midstream Partners Lp

QEP Midstream Partners Lp · Aug 6, 2014 · 14 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. Operations Update – QEP Midstream Partners Lp – slide 1
    Operations Update Second Quarter 2014 August 6, 2014
  2. Operations Update – QEP Midstream Partners Lp – slide 2
    QEP ENERGY ASSET OVERVIEW QEP Energy 2Q 2014 Production Revenues 10% Pinedale ND Anticline 34% WY Williston Basin 56% Uinta Basin CO UT Oil Natural Gas NGL QEP Resources 2013YE Proved Reserves OK Midcontinent/ SCOOP…
  3. Operations Update – QEP Midstream Partners Lp – slide 3
    QEP RESOURCES CAPITAL ALLOCATION 2,000 1,800 4% 1,600 5% Corporate 1,400 11% Field Services 1,200 49% Exploratory drilling million 28% 1,000 54% Williston Uinta 800 9% 4% Pinedale 600 26% 7% 17% Permian…
  4. Operations Update – QEP Midstream Partners Lp – slide 4
    QEP ENERGY EXECUTING ON TRANSITION TO OIL 90 4.5 80 4.0 70 3.5 Gas/Total production (Bcf/Bcfe) Oil/NGL production (MMBbl) 60 3.0 50 2.5 Bcfe (left axis) Natural Gas (left axis) 40 2.0 NGL (right axis) Oil (right…
  5. Operations Update – QEP Midstream Partners Lp – slide 5
    QEP ENERGY EXECUTING ON TRANSITION TO OIL 16,000 14,000 12,000 Oil production (MMBbl) 10,000 8,000 6,000 4,000 2,000 - 2010 2011 2012 2013 2014F * 5 *2014F represents midpoint of guidance as of August 6, 2014
  6. Operations Update – QEP Midstream Partners Lp – slide 6
    WILLISTON BASIN 109,000 NET ACRES QEP net production Approx. Eastern (Boepd) field boundary 40,000 35,000 30,000 25,000 20,000 Fort Berthold 15,000 10,000 5,000 0 South Antelope 20 Miles Bakken Formation well Three Forks…
  7. Operations Update – QEP Midstream Partners Lp – slide 7
    WILLISTON BASIN SOUTH ANTELOPE 5,000 to 12,500-ft laterals Proved reserves of 86 MMBoe* Probable reserves of 36 MMBoe* Q2 Completions 117 Bakken/Three Forks PUD locations* 4-well pad (2 BKN / 2 TFK) Average PDP EUR of 1,070…
  8. Operations Update – QEP Midstream Partners Lp – slide 8
    WILLISTON BASIN FORT BERTHOLD 5,000 to 12,500-ft laterals Proved reserves of 46 MMBoe* 78 Bakken/Three Forks PUD locations* EUR 300 to 900 MBoe/well (avg. 550 MBoe/well) *(Three Forks and Bakken) Eastern edge being defined by…
  9. Operations Update – QEP Midstream Partners Lp – slide 9
    PERMIAN BASIN ACTIVITY 5 rigs drilling vertical well* 2 rigs drilling horizontal wells* 284 operated vertical PDP wells* Completed 14 vertical wells in Q2, 6 WOC Average gross peak rate 358 Boed** (70% oil) Atokaberry average…
  10. Operations Update – QEP Midstream Partners Lp – slide 10
    PERMIAN BASIN OFFSET HORIZONTAL ACTIVITY 2 miles Wolfcamp B 24 hr IP = 613 Boepd Wolfcamp B 30-D Avg = 516 Boepd 24 hr IP = 1,029 Boepd 30-D Avg = 788 Boepd Wolfcamp D/ Cline Wolfcamp B 24 hr IP = 3,605 Boepd 24 hr IP = 630…
  11. Operations Update – QEP Midstream Partners Lp – slide 11
    GREEN RIVER BASIN PINEDALE ANTICLINE QEP net production (MMcfepd) QEP PDP well 320 280 Other operators (No QEP interest) 240 200 QEP leasehold 160 120 80 40 1 Mile Proved reserves 1.56 Tcfe* 412 PUD locations on a…
  12. Operations Update – QEP Midstream Partners Lp – slide 12
    PINEDALE SPUD TO TD DRILL TIMES CONTINUE TO DECLINE 64 61 45 42 34 27 22 16 14 13 12 11.3 Record 8.5 days 12
  13. Operations Update – QEP Midstream Partners Lp – slide 13
    UINTA BASIN RED WASH LOWER MESAVERDE Proved reserves of 402 Geologic Age Formation Bcfe* UTAH Green River Approximately 250,000 net TERTIARY acres in the Uinta Basin Uinta Basin Wasatch Over 32,000 net acres in the Mesaverde…
  14. Operations Update – QEP Midstream Partners Lp – slide 14
    1,750 Gas Saturated Sandstones & Siltstones UINTA BASIN LOWER MESAVERDE HORIZONTAL POTENTIAL BRAIDED UPPER NESLEN Braided LOWER NESLEN Vertical testing shows potential for two horizontal targets in the western part of the…

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