Operations Update Third Quarter 2013 November 5, 2013
QEP ENERGY ASSET OVERVIEW QEP Energy 3Q 2013 Production Revenues 10% Pinedale ND Anticline 39% WY Williston Basin 51% Uinta Basin CO UT Natural Gas Oil NGL QEP Resources 2012YE Proved Reserves Northern Region OK…
QEP RESOURCES PLANS TO ALLOCATE HALF OF 2013 CAPEX TO THE WILLISTON BASIN 1,800 1,600 5% 1,400 7% 11% Corporate 1,200 17% Field Services 28% Leasehold/Reserve Acq 1,000 50% MM 20% Bakken 800 9% Uinta Mesaverde/GR Oil…
QEP ENERGY EXPECTS ITS PRODUCTION MIX WILL CHANGE DRAMATICALLY IN 2013 350 300 12% 20% 8% 10% 250 6% 10% 8% 200 3% Bcfe 150 86% 78% 89% 70% 100 50 - 2010 2011 2012 2013F* Gas NGL equiv Oil equiv *based on mid-point…
WILLISTON BASIN 116,000 NET ACRES QEP net production Approx. Eastern (Boepd) Fat Cat field boundary 25,000 20,000 15,000 10,000 Fort Berthold 5,000 0 South Antelope Bakken Formation well 20 Miles Three Forks Formation…
WILLISTON BASIN SOUTH ANTELOPE Q3 Completions: 5,000 to 12,500-ft laterals G. Levang 13-32-29H (TRK) G. Levang 2-32-29TH (TRK) Proved reserves of 55 MMBoe* G. Levang 3-32-29BH (BKN) G. Levang 4-32-29BH (BKN) Probable reserves of 70…
WILLISTON BASIN FORT BERTHOLD 5,000 to 12,500-ft laterals Proved reserves of 45 MMBoe* 152 Bakken/Three Forks PUD locations* Q3 Completions: EUR 300 to 900 MBoe/well (avg. 640 (2 BKN, 2 TRK) Eastern edge being defined Mboe/well)…
GREEN RIVER BASIN PINEDALE 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* 452 PUD locations on a combination of…
UINTA BASIN - RED WASH LOWER MESAVERDE Proved reserves of 429 Geologic Age Formation Bcfe* UTAH Green River 225 PUD locations on TERTIARY Uinta Wasatch 40-acre density* Basin Mesaverde Vertical wells to average TD Blackhawk of…
WOODFORD CANA QEP net production 120 (MMcfepd) Blaine Co. 100 Dewey Co. 80 60 40 20 Kingfisher Co. 0 22 Non Op wells completed (Ave WI 23%) 73,000 net acres Custer Co. meramec Proved reserves 337 Bcfe* Canadian Co.…