Middle Fork buying QEP Uinta basin assets

Middle Fork Energy Partners LLC has agreed to buy oil and gas production, undeveloped acreage, and related assets in the Uinta basin from a subsidiary of QEP Resources Co. for $155 million. Both companies are in Denver.

The properties, in Duchesne and Uintah counties, Utah, include 605 bcf of proved natural gas-equivalent reserves and net production of 54 MMcfd of gas equivalent, 23% liquids.