QEP - Pinedale Divestiture 2017

Overview

  • Prolific natural gas asset located in the Pinedale Anticline Field in Sublette   County, WY
    • QEP has consistently achieved highest EURs in the Field
  • Lance Pool (Cretaceous Lance and Mesaverde formations) production from ~1,100 gross wells holds acreage
  • Over 1,100 gross drilling locations provide low risk inventory and multiple avenues to grow production and cash flow
  • Upside opportunities across several geologic plays including:
    • Extensive running room of Lance Pool directional development at 5-10 acre spacing
    • Horizontal targets on the anticline flanks within the Lance Pool
    • Development of the deeper Hilliard Shale
  • Contiguous acreage position allows for efficiency of surface operations and ability to optimize LOE costs
    • Centralized 3rd party gas, condensate, and water gathering system in operation
    • Existing QEP SWD infrastructure with additional wells being permitted
    • Additional opportunities to grow volumes through compression expansion, re-stimulations (add pay and improved completion), and enhanced lifting techniques

Contacts

Please email the signed Confidentiality Agreement to qep.pinedale@bmo.com

Contact Chelsea Neville at +1 713-546-9703 or any of the above individuals with questions.