Deal insight

QEP expands Midland Permian position for US$732 million

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Report summary

On 26 July 2017, QEP Resources announced the acquisition of 13,800 net acres in the Permian Midland Basin for US$732 million. The company will structure the acquisition as a like-kind-exchange and fund the deal with proceeds from its previously announced Pinedale divestiture and cash on hand. The acreage is located in Martin County, Texas, southeast of QEP's existing Permian position, where it is currently operating a three-rig program across 28,800 net acres. This transaction will grow ...

What's included

This report contains

  • Document

    QEP expands Midland Permian position for US$732 million

    PDF 399.50 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • QEP Resources
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 10 images and tables including:

Images

  • Acreage pricing for 2016-17 Midland Basin deals
  • QEP Resources Midland acreage
  • QEP asset cashflow: Pinedale divestment and Midland acquisition

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

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