Questar sub to boost interest in Vermillion Basin

摘要

Wexpro Co., the subsidiary of Questar Corp. (NYSE: STR), has agreed to acquire an additional interest in natural gas-producing properties for $106.4 million. Wexpro is increasing its working interest in existing Wexpro-operated wells in the Trail Unit of southwestern Wyoming's Vermillion Basin. Essentially, this is a bolt-on acquisition to the company's current Trail assets, which are governed by the 1981 Wexpro agreement for the benefit of Questar's Utah and Wyoming utility customers.