Reuters is reporting:
QEP Midstream Partners LP, the operating arm of oil and natural gas exploration company QEP Resources Inc , filed with U.S. regulators to raise up to $400 million in an initial public offering of common stock.
The Denver, Colorado-based company told the U.S Securities and Exchange Commission in a preliminary prospectus that Wells Fargo was underwriting the IPO.
QEP Midstream was formed to own, operate, acquire and develop midstream energy assets. Its customers include Anadarko Petroleum Corp, EOG Resources Inc and Questar Corp.
A reader (thank you) sent me a portion of the prospectus:
Our primary assets consist of ownership interests in four gathering systems and two FERC-regulated pipelines through which we provide natural gas and crude oil gathering and transportation services. Our assets are located in, or are within close proximity to, the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota, which are currently among the most economic and active drilling regions in the United States.
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