Diverse Resource Plays QEP Resources focuses on the Permian Basin in Texas and the Williston Basin in North Dakota, providing a diverse portfolio of low-cost, high-quality resource plays. This diversity offers potential sales opportunities in multiple regions and allows for strategic market penetration.
Proven Reserves With 658.2 MMboe of year-end 2018 proved reserves and approximately 52% of production consisting of crude oil, QEP Resources showcases a strong foundation for continued growth and stability. Highlighting the proven reserves can attract investors and partners interested in long-term commitments.
Publicly Traded As a member of the S&P SmallCap 600 Index with common shares traded on the New York Stock Exchange, QEP Resources offers potential sales opportunities for investors seeking exposure to the oil and gas industry through a reputable public company. Leveraging this public status can attract investment and partnerships.
Competitive Landscape QEP Resources operates in a competitive landscape with key players like Apache Corporation, ConocoPhillips, and Hess Corporation. Analyzing the competition can help in identifying areas where QEP can differentiate itself, target specific market segments, and capitalize on potential sales gaps.
Financial Health With revenue ranging between $50M - 100M, QEP Resources displays stable financial health within its industry. Demonstrating financial stability can instill confidence in potential partners, investors, and customers, presenting sales opportunities for long-term collaborations and business growth.