QEP Resources (QEP) Tops Q4 EPS by 7c
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QEP Resources Reports Fourth Quarter and Full Year 2016 Financial and Operating Results and Announces 2017 Capital Investment Plan and Guidance
February 22, 2017 4:15 PM ESTFull Year 2016 Highlights
Delivered record oil equivalent production of 55.8 MMboeDelivered record crude oil production of 20.3 MMbbl, including a record 4.0 MMbbl in the Permian BasinReported record year-end total proved reserves of 731.4 MMboe, a 21% increase compared with year-end 2015, including record proved crude oil reserves of 238.6 MMbblAcquired approximately 9,600 net acres in the core of the Permian Basin (2016 Permian Basin Acquisition)Maintained strong liquidity, including $443.8 million of cash and cash equivalents at year-end... More