- Crude oil production for the quarter:
- Permian: 3 million bbls oil
- Williston Basin: 2 million bbls oil
- North Dakota:
- spudded seven-well Vegas pas on South Antelope
- initial production expected 4Q19
- Cost controls
- Will close Salt Lake City office; consolidate Denver Corporate headquarters
- to sell corporate aircraft
- will reduce IT systems and support costs by over $10 million
- reduce staff by 60% from March, 2018 to July, 2019
- North Dakota assets
- net acres: 114,100 net acrs
- proved reserves: 167 million boe
- % liquids: 85%
- production split (oil/gas/NGL): 64/19/17%
- two plays in the Bakken:
- South Antelope
- Fort Berthold Indian Reservation
Friday, June 14, 2019
QEP: 1Q19 Presentation
Slide presentation (link)
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