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QEP Resources Makes Big Move in the Permian Basin

December 13, 2013 Action in the Permian Basin continues to thrive. According to a recent report by Reuters, QEP Resources, a Denver-based exploration and production company, has committed to purchase $950 million worth of oil assets within the Permian Basin. According to the report, the move is intended to help QEP Resources transform itself into a pure-play exploration and production company.

QEP representatives said that the purchase of oil and gas properties will add significant production to the company's current holdings. The assets will produce an estimated 6,700 barrels of oil equivalent daily. Much of that is predicted to be crude oil.

QEP Resources Chief Executive Chuck Stanley issued a statement regarding the company's goals with the move.

"The investment in the Permian Basin is designed to help QEP Resources become more focused on crude oil and natural gas liquids," Stanley said. "Additional actions will support this move, including refocusing the QEP Field Services division and the company's stake in QEP Midstream Partners LP."

The move has also been spurred by some outside influence. QEP Resources largest shareholder has long pushed for the company to restructure operations, and focus on oil and natural gas operations, rather than pipeline operations.

QEP Resources will sell some of its non-core assets in the first half of 2014, and will focus spending on oil assets in the Permian Basin and the Williston Basin in North Dakota.

Ames Factoring Companies Supports Companies Working for QEP Resources

The additional focus by QEP Resources on the Permian Basin gives Texas oilfield service providers and oilfield suppliers an opportunity for additional work. Ames Factoring Companies is proud to support customers who do business with QEP Resources, including service providers like water haulers, rig movers and more. Ames Factoring Companies also supports oilfield supply companies that serve QEP Resources, including coal ash suppliers, equipment rental firms and more.

By providing instant payment for service and supply invoices, Ames Factoring Companies gives Texas companies the operating capital needed to pursue additional work opportunities with QEP Resources.

To learn more about how Ames Factoring Companies can help you explore work opportunities with QEP Resources, call 800-707-4845.

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About QEP Resources

QEP Resources is an independent oil and gas exploration and production company that formed as a spin-off from Questar Market Resources in July 2010. QEP Resources is headquartered in Denver, Colorado and maintains satellite offices in many of the major U.S. shale plays. QEP Resources' main operations are exploration and production, midstream field services, and marketing of natural gas and oil/natural gas liquids.

At Ames Factoring Companies, we provide Factoring Services for companies that do contract work with QEP Resources, as well as other Oilfield Service providers. If you have an MSA with QEP Resources, or are in the process of getting a MSA, and are interested in factoring QEP Resources invoices or other energy company invoices, please give us a call.

Our Customers who are working with QEP Resources, include:

  • Water Haulers
  • Gravel Haulers
  • Vacuum Trucks
  • Frac Sand Haulers
  • Excavating
  • Site Preparation
  • Rig Movers
  • Roustabouts
  • Flatbed Carriers
  • Equipment Rentals
  • Pipeline Construction
  • Wireline Services
  • Crude Haulers
  • And More

For more information on Ames Factoring Companies, please call 800-707-4845, or Get Started today!

QEP Resources Locations

To contact QEP Resources:

Corporate Headquarters
QEP Resources, Inc.
1050 17th Street, Suite 500
Denver, Colorado 80265
Phone: 303-672-6900


QEP Energy Division Offices
Northern Rockies Region
Rockies Legacy, Pinedale and Uinta Basin Divisions
1050 17th Street, Suite 500
Denver, Colorado 80265
Phone: 303-672-6900

Southern Region
Haynesville and Midcontinent Divisions
One Warren Place
6100 South Yale, Suite 900
Tulsa, Oklahoma 74136
Phone: 918-488-8962

QEP Field Services Offices
Denver, Colorado
1050 17th Street, Suite 500
Denver, Colorado 80265
Phone: 303-672-6900

Salt Lake City, Utah
170 South Main St.
Salt Lake City, Utah 84101
Phone: 801-321-1400

Rock Springs, Wyoming
1955 Blairtown Road
P.O. Box 2819
Rock Springs, Wyoming 82901
Phone: 307-922-5700

Owner Relations Contact
Phone: 800-318-7850
Mailing Address
ATTN: Owner Relations
1050 17th St, Suite 500
Denver, Colorado 80265