QEP Resources To Sell Oil And Gas Properties For $807 Mln

(RTTNews) - QEP Resources Inc. (QEP) Tuesday said its subsidiary QEP Energy Company has entered agreed to sell non-core oil and gas properties in the Midcontinent and Williston Basin for about $807 million.

The company has signed three definitive agreements to sell the assets. Two of the agreements provide for the sale of oil and gas properties in the Cana-Woodford and Granite Wash plays in the Western Anadarko Basin in Texas and Oklahoma for a combined price of about $772 million. The third agreement provides for the sale of a non-core position in the western Williston Basin for $35 million and is expected to close in early June.