Q3 2017 Production
YE 2016 Proved Reserves
With a proud legacy and an exciting future, QEP Resources is an industry leader in crude oil and natural gas exploration and production. We are focused on some of the most prolific natural resource plays in the United States – including two world-class crude oil provinces, the Permian Basin and Williston Basin; and two prominent natural gas plays, the Uinta Basin and Haynesville Shale.
Our portfolio of low-cost, high-quality resource plays provides a solid foundation for sustainable growth with 731.4 MMboe of year-end 2016 proved reserves. In the third quarter of 2017, our total equivalent production of 14,124.1 Mboe consisted of approximately 34% crude oil, a substantial increase from 12% in 2012 and 8% in 2011. Our balanced portfolio of both crude oil and natural gas provides us with flexibility to run our business over the long term throughout a variety of commodity market cycles.