Deal insight

QEP sells its Pinedale tight gas position to private equity for US$740 million

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Report summary

On 24 July 2017 QEP announced its divestiture of approximately 16 500 net acres in the Pinedale Anticline Field to Pinedale Energy Partners an affiliate of Oak Ridge Natural Resources for US$740 million. The divested assets include approximately 234 mmcfed (12% liquids) of flowing production from 1 100 wells producing from the Cretaceous Lance and Mesaverde formations. Unlike other shale plays where operators need to drill horizontally to target hydrocarbons the Pinedale field benefits ...

What's included

This report contains

  • Document

    QEP sells its Pinedale tight gas position to private equity for US$740 million

    PDF 324.82 KB

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
  • Upsides and risks
    • QEP Resources
    • Pinedale Energy Partners (Oak Ridge Natural Resources affiliate)
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 8 images and tables including:

Images

  • Pinedale Anticline wells

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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