QEP to buy Helis-Black Hills Williston basin properties

09/10/2012
QEP Resources Inc., Denver, said its QEP Energy unit signed definitive agreements to acquire from multiple sellers Williston basin development properties for $1.38 billion. The properties are in Williams and McKenzie counties, ND, 12 miles west of QEP's existing core acreage in the Williston basin. The transactions are to close by Sept. 27, effective as of July 1, 2012. The properties produce a combined 10,500 b/d of oil equivalent and have 125 million boe of net proved and probable reserves, 81% crude oil, 9% natural gas liquids, and 10% natural gas. The acquisitions also include 27,600 net acres of mostly fee simple mineral leases with 80% average net revenue interest. QEP will operate ...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected