QEP Resources To Sell Stake In Green River Processing To Midstream Subsidiary

摘要

QEP Resources Inc. (NYSE: QEP) announced May 7 it will sell membership interest in Green River Processing LLC to QEP Midstream Partners LP (NYSE: QEPM). QEP Midstream, a master limited partnership formed by Denver’s QEP, will acquire 40% of the outstanding membership interest in Green River Processing, a wholly owned subsidiary of QEP, for $230 million in cash. The transaction is expected to close by July 1.