QEP Resources
QEP today announced
that its wholly owned subsidiary, QEP Energy Company, has entered into a
definitive agreement to acquire oil and gas properties in the Permian
Basin for an aggregate purchase price of approximately $950 million (the
“Acquisition”). The properties, which are located in the Midland
sub-basin, primarily in Martin and Andrews counties in west Texas, will
diversify the Company's exploration and production footprint, and
advance QEP's objective to create long-term shareholder value through
the continued emphasis on high-margin crude oil and natural gas liquids
production. The Company's Board of Directors was unanimous in its
approval of the Acquisition.
Acquisition Highlights:
See full press releaseLoading...
Loading...
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in