Q4 2016 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; two prominent liquids-rich gas plays, the Pinedale Anticline and the Uinta Basin; and a premier dry gas asset, the Haynesville Shale.
Our portfolio of low-cost, high-quality resource plays provides a solid foundation for sustainable growth with 4,389 Bcfe of year-end 2016 proved reserves and multiple Tcfe of probable and possible resources. In the fourth quarter of 2016, our total equivalent production of 82.1 Bcfe consisted of approximately 36% 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 all commodity market cycles.