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3Q 2013 – QEP Resources, Inc.

QEP Resources, Inc. · Nov 5, 2013 · 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. 3Q 2013 – QEP Resources, Inc. – slide 1
    Operations Update Third Quarter 2013 November 5, 2013
  2. 3Q 2013 – QEP Resources, Inc. – slide 2
    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…
  3. 3Q 2013 – QEP Resources, Inc. – slide 3
    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…
  4. 3Q 2013 – QEP Resources, Inc. – slide 4
    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…
  5. 3Q 2013 – QEP Resources, Inc. – slide 5
    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…
  6. 3Q 2013 – QEP Resources, Inc. – slide 6
    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…
  7. 3Q 2013 – QEP Resources, Inc. – slide 7
    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)…
  8. 3Q 2013 – QEP Resources, Inc. – slide 8
    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…
  9. 3Q 2013 – QEP Resources, Inc. – slide 9
    PINEDALE spud to TD drill times continue to decline; maintaining our low-cost advantage 70 26 64 61 24 60 22 20 50 18 45 42 Days, Spud to TD 16 Wells / Rig-Yr 40 34 14 12 30 27 10 22 20 8 16 14 12.8 11.9 6…
  10. 3Q 2013 – QEP Resources, Inc. – slide 10
    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…
  11. 3Q 2013 – QEP Resources, Inc. – slide 11
    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.…

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