QEP Resources - M&A Summary, Ownership, and Business Overview

Oil/gas ExplorationCompany

QEP Resources M&A Summary

QEP Resources has acquired 2 companies of its own. It has also divested 3 assets.

QEP Resources’ largest acquisition to date was in 2012, when it acquired North Dakota Oil Properties for $1.4B. It’s largest disclosed sale occurred in 2014, when it sold QEP Field Services to Andeavor Logistics for $2.5B. QEP Resources has acquired in 1 US state. The Company’s most targeted sectors include oil/gas exploration (100%).

QEP Resources Ownership

Who owns QEP Resources?

QEP Resources is owned by Diamondback Energy. It was acquired on December 21, 2020.

QEP Resources Business Overview

Where is QEP Resources headquartered?

QEP Resources is headquartered in Denver, Colorado.

What is QEP Resources’ revenue?

QEP Resources disclosed revenue of 1,206M USD for 2019 and 1,933M USD for 2018.

How many employees does QEP Resources have?

QEP Resources has 248 employees.

What sector is QEP Resources in?

QEP Resources is an oil/gas exploration company.

When was QEP Resources founded?

QEP Resources was founded in 2010.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity2
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 3

QEP Resources, Inc.

1050 17th Street, Suite 800,
Denver, Colorado 80265
United States,
(303) 672-6900
www.qepres.com

QEP Resources, Inc. is an independent crude oil and natural gas exploration and production company focused in two regions of the United States: the Southern Region (primarily in Texas) and the Northern Region (primarily in North Dakota). QEP Resources was founded in 2010 and is based in Denver, Colorado.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $2.3B $2.3B
Sell (0.0/yr) # 3 - - - - - 3
vol $4.0B $4.0B
  5

Most Recent M&A

Company Date Value Type
QEP Resources, Inc. - Northwest Louisiana Natural Gas Assets 2018-11-19 735M USD Divestiture
Denver, Colorado
QEP Resources, Inc. - Pinedale Assets 2017-07-24 740M USD Divestiture
Denver, Colorado
QEP Field Services Co. 2014-12-02 2.5B USD Divestiture
Salt Lake City, Utah
Oil and Gas Properties 2013-12-09 950M USD Add-on Acquisition
, United States
North Dakota Oil Properties 2012-08-23 1.4B USD Add-on Acquisition
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (100%) 2.3B (100%) 3 (100%) 4.0B (100%)
Total 2 $2.3B 3 $4.0B

By Geo

State/Country Buy Value Sell Value
United States 2 2.3B 3 4.0B
  Colorado - - 2 1.5B
  Utah - - 1 2.5B
Total 2 $2.3B 3 $4.0B

Top M&A Advisors

Financial Deals
BMO Capital Markets
 1
Legal Deals
Latham & Watkins
 1
Vinson & Elkins
 1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $950M
TOTAL $2.3B
Largest North Dakota Oil Properties
$1.4B (2012-08-23)
sell # Total
> $1B 1 $2.5B
$100M to $1B 2 $1.5B
TOTAL $4.0B
Largest QEP Field Services Co.
$2.5B (2014-12-02)

M&A Connections

Deals
Divested to
Investor(s)
33%
1 (33%)
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Oil/Gas Exploration

Revenue

1,206   38% 2019
1,933   20% 2018
1,623   18% 2017
1,377   32% 2016
2,019   41% 2015
3,414   28% 2014
2,685   30% 2013
2,071   2012
(millions of USD) Show More Show Less

Employees

248

Established

2010

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