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First Quarter 2013 Operations Update – QEP Resources, Inc.

QEP Resources, Inc. · May 1, 2013 · 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. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 1
    The Resource Growth Company QEP Resources, Inc.
  2. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 2
    Powder River Basin Pinedale 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. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 3
    MM 1,800 1,600 7% 1,400 7% 11% Corporate 1,200 17% Field Services 28% 53% 1,000 Bakken/PRB 20% 800 9% Uinta Mesaverde/GR Oil 25% Pinedale 600 26% 6% GW/Tonk/Marm/Cana 400 14% Haynesville 200 29% 19% 17% 0 5% 2011 2012 *…
  4. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 4
    350 300 12% 21% 8% 10% 250 6% 9% 8% 200 3% Bcfe 150 86% 78% 89% 70% 100 50 - 2010 2011 2012 2013F* Gas NGL equiv Oil equiv *based on mid-point of guidance which was revised to reflect assumed full year ethane…
  5. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 5
    QEP net production (Boepd) Approx. Eastern 25,000 field boundary Fat Cat 20,000 15,000 10,000 5,000 Fort Berthold 0 South Antelope Bakken Formation wells 20 Miles Three Forks Formation wells Operated focus area QEP…
  6. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 6
    5,000 to 12,500-ft laterals 10.8 MM (long lateral) well costs Proved reserves of 55 MMBoe* Probable reserves of 70 MMBoe* 95 Bakken/Three Forks PUD locations* 4-well pad Average EUR of 1,160 MBoe/well for (1 well drilling, 3 wells…
  7. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 7
    Fort Berthold Reservation 5,000 to 12,500-ft laterals 10.8 MM (long lateral) well costs Proved reserves of 45 MMBoe* 10-well Independence pad 152 Bakken/Three Forks PUD locations* (1 well drilling, 4 wells WOC) Eastern edge being…
  8. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 8
    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 5 to 10-acre density * Up…
  9. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 9
    70 26 64 61 24 60 22 20 50 18 45 Days, SPUD TO TD 42 16 Wells / Rig-Yr 40 34 14 12 30 27 10 22 20 8 16 14 13 6 11.9 10 4 2 0 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 ytd Record 2013 8.6 Days 10
  10. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 10
    Geologic Age Formation Proved reserves of 429 Bcfe* UTAH Green River TERTIARY 225 PUD locations on Uinta Wasatch Basin 40-acre density* Mesaverde Vertical wells to average TD of 11,000' Blackhawk CRETACEOUS 2.3 MM average well…
  11. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 11
    Pad 1 (7 wells WOC, 1 drilling) 20-acre bottom hole locations Pad 2 10-acre bottom hole locations 20-acre development pattern 10-acre infill development pattern Drilling WOC 12
  12. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 12
    QEP net production 120 (MMcfepd) Blaine Co. 100 Dewey Co. 80 60 40 Kingfisher Co. 20 1 rig drilling 0 (75% WI) Custer Co. Proved reserves 337 Bcfe* 4 wells 156 PUD locations* TIER II: completed 3,236 additional…
  13. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 13
    C K BL E TT O RC GW JACOBS QEP net production TU 60 BLK E G B&B BLK 1 60 59 58 57 1 2 3 2 (MMcfepd) 4 C&M RR CO 2 5 7 6 8 9 BLK C&M B&B 50 B&B 1 BLK 4 BLK 3 GO MCROHAN 1 BLK E B&B 53 54 B&B…
  14. First Quarter 2013 Operations Update – QEP Resources, Inc. – slide 14
    QEP net production HARRISON TX LA CADDO BOSSIER WEBSTER (MMcfepd) BIENVILLE 360 Haynesville / Cotton Valley 300 240 180 PANOLA 120 60 0 DE SOTO RED RIVER RUSK Haynesville / Cotton Valley NATCHITOCHES SHELBY Proved…

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