QEP Goes Deep In Midland Basin, Adding Inventory In $600 Million Deal

Transaction Type
Announce Date
Post Date
Close Date
Estimated Price
$590.6MM
Description

Acquired from multiple parties Permian assets covering about 9,400 net acres in the N Midland Basin; includes about 1,400 boe/d (83% oil) of current production and more than 430 horizontal drilling locations.

QEP Goes Deep In Midland Basin, Adding Inventory In $600 Million Deal

QEP’s Permian Deal Tops Out At Record $58,000 Per Acre, Analyst Says