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Qep Resources Inc

Qep Resources, Inc. (QEP) is a public company that is engaged in the exploration, development, and production of natural gas, oil, and natural gas liquids (NGLs) in the United States. The company primarily operates in two reportable segments: the Western Operations, which includes the Rocky Mountains and the Midcontinent regions, and the Southern Operations, which includes the Permian Basin in West Texas and Southeastern New Mexico.

QEP's operations are focused on the development of unconventional resource plays, such as shale and tight sand formations, using advanced drilling and completion techniques. The company's reserves and production are primarily located in the following areas:

* The Williston Basin in North Dakota and Montana: This region is primarily focused on the development of the Bakken and Three Forks formations.

* The Permian Basin in West Texas and Southeastern New Mexico: This region is primarily focused on the development of the Wolfcamp, Bone Spring, and Avalon formations.

* The Uinta Basin in Utah: This region is primarily focused on the development of the Monument Butte and Duchesne River formations.

As of December 31, 2020, QEP had estimated proved reserves of approximately 8.8 trillion cubic feet equivalent (Tcfe) of natural gas, oil, and NGLs. The company's production for the year ended December 31, 2020, was approximately 2.6 billion cubic feet equivalent (Bcfe) per day.

QEP's common stock is listed on the New York Stock Exchange (NYSE) under the ticker symbol "QEP".