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QEP Resources reported only 20% of production from

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Timothy Smith   Thursday, 10/18/12 01:56:34 AM
Re: None
Post # of 407 
QEP Resources reported only 20% of production from liquids in Q2 2102, compared to 12% in Q2 2011.

Total production increased 23% over last year due to increased oil and NGL volumes that more than doubled compared to 2011.

Notably, the company released the last drilling rig from the Haynesville Shale play during Q2 while also deferring completion of several wells until 2013.

Back in August, QEP bought oil development properties in the Williston Basin for a purchase price of $1.4B.

The asset's current net production is approximately 10,500 Boe/d. This substantially moves the company more towards oil in Q4 2012.

OTCBB / Pink Sheet Oil & Gas Stocks

Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.
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