QEP Resources (QEP) Tops Q2 EPS by 12c
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QEP Resources Reports Second Quarter 2016 Financial and Operating Results
July 27, 2016 4:06 PM EDTDelivered record net crude oil production of over 57,200 barrels per dayIncreased full-year crude oil and NGL production guidanceCompleted six gross-operated Spraberry Shale wells, with an average peak 24-hour IP of 1,465 BoedContinued strong performance from the Middle Bakken and the three evaluated benches of the Three ForksEntered into a purchase and sale agreement to acquire additional oil and gas properties in the core of the Permian Basin for approximately $600 millionMaintained strong liquidity with over $1.0 billion in cash and cash equivalents at quarter-end, including approximately $413 million of net proceeds from an equity offering... More
