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Q3 2012 Earnings Call – QEP Resources, Inc.

QEP Resources, Inc. · Oct 31, 2012 · 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. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 1
    The Resource Growth Company QEP Resources, Inc.
  2. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 2
    Powder Pinedale River Basin ND Anticline WY Bakken UT Vermillion Uinta Basin CO Northern Region OK Marmaton, Tonkawa Woodford Cana Southern Region Liquids-rich plays Granite TX Wash Oil plays LA Dry-gas play…
  3. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 3
    MM 1,800 1,600 1,400 1,200 18% Bakken/PRB 33% 56% 1,000 Uinta Mesaverde/GR Oil 21% 800 10% Pinedale 9% GW/Tonk/Marm/Cana 600 27% 27% Haynesville 400 17% 23% 200 32% 16% 0 7% 2011 2012E* 2013F *2012E CAPEX excludes the…
  4. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 4
    QEP net production (Boepd) Approx. Eastern field boundary *Q4 2012F Fat Cat 20,000 15,000 10,000 5,000 * 0 South Antelope Fort Berthold Bakken Formation wells 20 Miles Three Forks Formation wells Operated focus area…
  5. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 5
    Number of operated wells as of Q3 2012: 2 Bakken 28 Three Forks 1 Dual zone P. Levang 14-23 5,000 to 12,500-ft laterals WOC 11 MM (long lateral) well costs Proved + probable reserves of approximately 125 MMBoe Average EUR of…
  6. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 6
    Number of operated wells as of Q3 2012: 31 Bakken Fort Berthold Reservation 8 Three Forks 5,000 to 12,500-ft laterals 11 MM (long lateral) well costs Proved reserves of 43.2 MMBoe* 2-well pad Eastern edge (drilling) being defined…
  7. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 7
    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 1.53 Tcfe* 526 PUD locations on a combination of 5 and 10-acre density * Up…
  8. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 8
    Geologic Age Formation Proved reserves of 204 Bcfe* UTAH Green River TERTIARY 136 PUD locations on 40-acre Uinta Wasatch Basin spacing* Mesaverde Vertical wells to average TD of 11,000' Blackhawk CRETACEOUS 2.3 MM average well…
  9. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 9
    Pad 1 RW 23-23B 24 Wells 20-acre bottom hole locations Pad 2 RW 44-22B Future possible 10-acre bottom hole 16 Wells locations Estimated 20-acre drainage ellipses Estimated 10-acre drainage ellipses 10
  10. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 10
    Multiple stacked oil targets 4,500-ft laterals Hardy 16-14-74-39SXH Peak 24-hour rate: 6.5 - 7.0 MM average well cost 579 Boe Completed 7/2012 Average Sussex EUR: 450 to 525 WI: 46% Mboe/horizontal well Sussex Hardy 4-23-39-74SXH…
  11. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 11
    QEP net production Dewey Co. 60 (MMcfepd) Blaine Co. 50 40 30 20 Kingfisher Co. 10 2 rigs drilling Custer Co. 0 (75% WI) Proved reserves 303 Bcfe* 86 PUD locations* TIER II: 8 wells WOC 3,360 additional potential…
  12. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 12
    60 59 QEP net production 58 57 1 2 3 2 4 C&M RR CO 2 5 7 6 8 9 BLK C&M B&B B&B 1 (MMcfepd) BLK 4 BLK 3 GO MCROHAN 1 BLK E 50 B&B 53 54 B&B BLK 2 55 56 BLK 5 4 2 1 1 3 2 1 6 5 4 PARRIS 40 BLK E…
  13. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 13
    BOSSIER WEBSTER QEP net production HARRISON TX LA CADDO (MMcfepd) BIENVILLE 360 300 240 180 PANOLA 120 60 0 DE SOTO RED RIVER RUSK CV/Hosston Haynesville NATCHITOCHES SHELBY Proved reserves 685 Bcf* 98 PUD…
  14. Q3 2012 Earnings Call – QEP Resources, Inc. – slide 14
    350 300 12% 19% 8% 10% 250 8% 6% 13% 200 3% Bcfe 150 86% 78% 68% 89% 100 50 - 2010 2011 2012E 2013F* Gas NGL equiv Oil equiv *based on mid-point of guidance 15

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