The Company seeks to acquire, develop and produce oil and gas from resource plays
in its core areas of operation and expand into new areas where it can capitalize
on its operating expertise. Since the existence and distribution of hydrocarbons
in resource plays is well understood, development of these accumulations has lower
risk than conventional discrete hydrocarbon accumulations. Resource plays typically
require many wells, drilled at high density, to fully develop and produce the
hydrocarbon accumulations. Development of QEP Energys resource play accumulations
requires expertise in drilling large numbers of complex, highly deviated or horizontal
wells to vertical depths that generally range between 10,000 and 14,000 feet and
the application of advanced well completion techniques, including hydraulic fracture
stimulation, to achieve economic production rates. QEP Energy also continues to
conduct some exploratory drilling to determine the commerciality of its inventory
of unproven leaseholds. QEP Energy seeks to maintain geographical and geological
diversity with its two core
Qep Resources Inc's Comment on Supply Chain
The Company seeks to acquire, develop and produce oil and gas from resource plays
in its core areas of operation and expand into new areas where it can capitalize
on its operating expertise. Since the existence and distribution of hydrocarbons
in resource plays is well understood, development of these accumulations has lower
risk than conventional discrete hydrocarbon accumulations. Resource plays typically
require many wells, drilled at high density, to fully develop and produce the
hydrocarbon accumulations. Development of QEP Energys resource play accumulations
requires expertise in drilling large numbers of complex, highly deviated or horizontal
wells to vertical depths that generally range between 10,000 and 14,000 feet and
the application of advanced well completion techniques, including hydraulic fracture
stimulation, to achieve economic production rates. QEP Energy also continues to
conduct some exploratory drilling to determine the commerciality of its inventory
of unproven leaseholds. QEP Energy seeks to maintain geographical and geological
diversity with its two core
Sources:
Qep Resources Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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