QEP Resources Inc. today announced that it has entered into a cooperation agreement with affiliates of Elliott Management Corporation . Funds affiliated with Elliott beneficially own approximately 4.9% of the Company’s common stock. Board Enhancement As part of the agreement and the ongoing refreshment of QEP’s Board, the parties will [...]
QEP Resources Inc. announced today that its Board of Directors has reinstated its quarterly cash dividend and has approved a quarterly cash dividend of $0.02 per share of common stock, payable on September 10, 2019, to shareholders of record on August 20, 2019. About QEP Resources QEP Resources Inc. is an independent crude oil and natural gas [...]
QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its second quarter 2019 results beginning at 9:00 a.m. ET on Wednesday, August 7, 2019. QEP will issue a news release containing second quarter 2019 financial and operational results prior to the market opening on the same day. The conference call can be [...]
70+ oil & gas industry management teams will discuss 2019-2020 operations at EnerCom's 24th Denver energy investment conference The oil and gas companies presenting at EnerCom's 24th annual The Oil & Gas Conference® are largely independent exploration and production companies developing oil and gas assets. The conference affords oil and gas [...]
QEP Resources Inc. today reported first quarter 2019 financial and operating results. FIRST QUARTER 2019 OPERATING HIGHLIGHTS Delivered oil and condensate production of 2.9 million barrels in the Permian Basin, a 35% year-over-year increase Initiated plan to significantly reduce corporate general and administrative expense by approximately 45 [...]
QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its first quarter 2019 results beginning at 9:00 a.m. ET on Thursday, April 25, 2019. QEP will issue a news release containing first quarter 2019 financial and operational results on Wednesday, April 24, 2019, after market close. The conference call can be [...]
QEP Resources Inc. today reported fourth quarter and full year 2018 financial and operating results and provided initial 2019 guidance and capital investment plan. FULL YEAR 2018 HIGHLIGHTS Delivered record oil and condensate production of 23.9 MMbbls, including a record of 12.1 MMbbls in the Permian Basin Reported year-end total proved reserves in [...]
QEP Resources Inc. today announced that its Board of Directors has commenced a comprehensive review of strategic alternatives to maximize shareholder value, which could result in a merger or sale of the Company or other transaction involving the Company or its assets. QEP intends to engage in discussions with a variety of parties that have [...]
QEP Resources Inc. announced today that it will host a teleconference and webcast to discuss its fourth quarter and full year 2018 results beginning at 9:00 a.m. EST on Thursday, February 21, 2019. QEP will issue a combined fourth quarter and full year 2018 financial and operational results news release Wednesday, February 20, 2019, after market [...]
Aethon Energy Management , a Dallas-based private investment firm and owner-operator of onshore oil & gas assets, today announced the completion of its acquisition of natural gas assets from wholly owned subsidiaries of QEP Resources Inc. . The assets are located in the Haynesville basin in northwest Louisiana. The QEP assets comprise [...]
QEP Resources Inc. announced today that the sale of its natural gas and oil producing properties, undeveloped acreage and associated gas gathering and treating systems in the Haynesville/Cotton Valley has closed. As part of this transaction, Aethon III, an affiliate of Aethon Energy , assumed all firm gas transportation agreements related to these [...]
QEP Resources Inc. today confirmed that it has received a preliminary proposal from Elliott Management Corp. to acquire the Company for $8.75 per share in cash, subject to certain conditions including, among others, satisfactory completion of due diligence and negotiation of definitive documentation. The Company’s Board of Directors intends [...]