QEP Resources (QEP) was recently spun out from Questar Corporation (STR) and is a separate company that now controls the majority of the former exploration and production segment of Questar Corporation.
Questar Corporation now owns only the Wexpro subsidiary.
QEP Resources has built up a position in Rocky Mountains that is prospective for the Niobrara Shale, and several other liquids rich areas.
The company has focused in three areas:
Powder River Basin – 49,800 net acres.
East Green River Basin – 17,400 net acres.
Denver Julesburg Basin - 64,500 net acres.
QEP Resources plans to drill a Niobrara Shale horizontal well in late 2010 on its acreage in Southern Wyoming. The well is near the Silo Field, where other operators have tested the Niobrara Shale.