QEP Resources (QEP) Tops Q1 EPS by 7c

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QEP Resources Reports First Quarter 2017 Financial and Operating Results

April 26, 2017 4:05 PM EDT

Completed five County Line high-density Spraberry Shale test wells, with an average peak 24-hour initial production rate (IP) of 1,803 Boed (average 9,900' lateral, 88% oil)Mustang Springs parent well performance exceeding Company expectations, with three wells establishing an average peak 24-hour IP of 1,384 Boed (average 7,345' lateral, 85% oil)Completed a nine-well pad on South Antelope with an average peak 24-hour IP of 2,817 Boed (average 9,575' lateral, 73% oil)Refractured five wells in the Haynesville Shale, with an average incremental 24-hour rate increase of 11.5 MMcfed

DENVER, April 26, 2017 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:... More