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Fourth Quarter 2010 Operations Update – QEP Resources, Inc.

QEP Resources, Inc. · Feb 24, 2011 · 11 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. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 1
    The Resource Growth Company QEP Resources, Inc.
  2. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 2
    Pinedale ND Anticline WY Bakken UT CO Woodford Shale Uinta Basin OK G Granite it Wash W h TX LA Haynesville NYSE: QEP 2
  3. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 3
    QEP net production 320 (MMcfepd) 240 TX LA 160 80 0 CV/Hosston Haynesville Proved reserves 604 Bcf* 219 PUD locations* O Over 1,200 1 200 potential i l llocations i on 80-acre density Six operated rigs 8.5 to 9.5 MM…
  4. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 4
    Sequential spud to TD drill times 100 QEP-operated Haynesville horizontal wells 90 66 D Days avg. pre-2010 2010 80 70 37 Days avg. in 2010 Record 60 22 days 50 40 30 20 10 0 NYSE: QEP 4
  5. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 5
    QEP net production (MMcfepd) QEP PDP well 240 Other operators 200 (No QEP interest) 160 QEP leasehold 120 80 40 Proved reserves 1.35 Tcfe* 432 PUD locations on a combination of 5,10, and 20-acre density * Up to 1,300…
  6. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 6
    64 61 Average Days Spud to TD 45 42 35 28 23 17 Record 11.5 days NYSE: QEP 6
  7. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 7
    QEP net production 50 (MMcfepd) QEP leasehold 40 30 Edwards 1056H 20 64% WI (Cherokee) 13.7 MMcfepd 10 Franklin 46-1H Morrison 5033H 0 66% WI (Cherokee) 100% WI (Atoka) Drilling 23.0 MMcfepd Eighth operated horizontal well…
  8. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 8
    1 3 2 5 5 2 4 3 1 4 6 Texas Wash Oklahoma Wash 27,050 net acres 13,535 net acres 6 Mil Miles Texas Key Wells IPs (all QEP operated) * Oklahoma Key Wells IPs** 1 Morrison 5033H, 7-2010, 22,983 MCFED, Atoka 1 Roxanne 2-17H…
  9. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 9
    QEP net production 50 (MMcfepd) 40 30 20 10 0 Proved reserves 199 Bcfe* 103 PUD locations* TIER II: 3,300 3 300 potential t ti l llocations ti 20,000 net acres 20% average working interest in Tier I lands…
  10. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 10
    3,000 QEP Q net production p (Boepd) 2,000 Parshall/Sanish Fields IPs: 7503,000 Bopd 1,000 0 5,000 to 10,000-ft laterals 6.5 to 8.0 MM completed well cost Eastern edge being Proved reserves of 26.6 MMBoe* defined by…
  11. Fourth Quarter 2010 Operations Update – QEP Resources, Inc. – slide 11
    Horizontal Sussex Oil Play Powder River: IPs: 700-1000 Bopd 55,000 net acres QEP Drilling in 2011 CHK Spillman Draw QEP leasehold Niobrara 400 Bopd (first 57 days) Basins Permits or Drilling D-J Basin: 82,600 net acres Sussex…

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