QEP net production and forecast (Boepd) Fat Cat 20,000 Fort Berthold QEP through Q2 2012 15,000 QEP remainder 2012F Acquisition (forecast) Acquisition 10,000 leasehold 5,000 0 QEP Fort Berthold existing core acreage…
TFS well Operated core area Acquisition leasehold TFS EURs (MBoe) for long laterals completed after 1/1/2010 Less than 300 301 - 500 501 - 700 701 - 900 901 1,100 1,101 1,300 1,301 1,500 6 miles EUR bubble map (MBoe)…
Middle Bakken well Operated core area Acquisition Bakken EURs (MBoe) for long laterals completed after 1/1/2010 Less than 300 301 - 500 501 - 700 701 - 900 901 1,100 1,101 1,300 1,301 1,500 6 miles 5
Adjusted EBITDA Revised 2012 guidance (assuming a (MM/yr) 9/27/2012 closing date for North 1,425* 1,387 Dakota Acquisition): 1,311 Adjusted EBITDA 1.40 B to 1.45 B 1,165 1,141 310 to 315 Bcfe production Capital investment 1.50 B to…