Production and Guidence update from QEP Resources last...

Production and Guidence update from QEP Resources last night.
They have reported a duster in their first Niobrara well in the DJ basin.



Bakken/Three Forks production grows on company's 89,000 acre North Dakota leasehold

QEP has completed and turned to sales 2 additional operated wells in the Williston Basin of North Dakota:

MHA 1-29-30H-150-90
Nov 25, 2010
100%
1,151 Boepd *

MHA 1-32-31H-150-90
Feb 7, 2011
93%
1,459 Boepd *



* Long lateral Bakken

QEP has 2 company-operated rigs drilling and 3 wells waiting on completion in the play. The company also has interests in 7 outside-operated wells currently being drilled and 6 outside-operated wells waiting on completion. The company operates 11 producing wells in the play and has a working interest in 57 producing wells that are operated by others. For December 2010, QEP's production from the Bakken play averaged approximately 2,700 Boepd. The company anticipates adding a third QEP-operated rig in the Bakken play before the middle of 2011 to accelerate development of QEP's acreage position.

Other exploratory and development plays

QEP has built a 154,600 net acre leasehold position in the liquids rich plays of the eastern Rockies with multiple play concepts to test. In mid-December of 2010, QEP completed its first well in the Niobrara play in the DJ Basin of southeastern Wyoming. After production testing, the company determined that the Borie 16-4H was uneconomic and will be plugged and abandoned. The well tested a chalk interval in the Niobrara on a large structural closure on the western edge of the DJ Basin.

http://www.prnewswire.com/news-releases/qep-resources-reports-2010-production-year-end-reserves-affirms-2011-production-guidance-and-provides-an-operations-update-116681889.html