Stacked Deck: QEP Antes Up $950 Million For Permian, Will Cash In Granite Wash, Woodford

摘要

QEP Resources Inc. (NYSE: QEP) continues to amass crude oil supplies, picking up proved resources of 47 million barrels of oil equivalent (MMBOE) in the Permian Basin for $950 million, the company said Dec. 9. The acquisition of Enervest Ltd.’s acreage in Martin and Andrews counties in Texas’ Midland sub-basin adds at least 10 years of drilling opportunities, QEP said. It also puts the company in two of the nation’s best plays, the other being the Williston Basin.