trending Market Intelligence /marketintelligence/en/news-insights/trending/JeECGqDO0iMHZk_E2xZ3SQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

QEP Resources begins strategic review, cancels $1.73B asset sale to Vantage

As COVID-19 Wears On, Regulators Examine Moratorium Extensions, Cost Recovery

Essential Energy Insights - June 11, 2020

Webinar Replay

Deep Dive on Oil & Gas for Financial Institutions

Essential Energy Insights - May 28, 2020

QEP Resources begins strategic review, cancels $1.73B asset sale to Vantage

Colorado-based QEP Resources Inc.'s board of directors started a comprehensive review of alternatives to maximize shareholder value, which may result in a merger or divestment of the company.

The company will be in talks with the fund manager Elliott Management Corp. and other unnamed companies interested in a potential deal, according to a Feb. 20 news release. In January, Elliott offered to acquire the entire company at $8.75 per share in cash.

Developments on the review will not be made public until a specific agreement has approved, or the review has been terminated.

In the same statement, QEP said it has agreed with Vantage Energy Acquisition Corp. subsidiary Vantage Acquisition Operating Co. LLC to terminate the sale of its assets in the Williston Basin to Vantage, citing an unfavorable commodity pricing environment and saying the closing conditions of the deal is "unlikely" to be satisfied.

QEP will still operate and develop its existing assets in the basin, which include the South Antelope and Fort Berthold leaseholds.

With QEP's reduction of its operational footprint over the last 12 months, the oil and gas producer also plans to "significantly reduce" its general and administrative expense by about 45%, comparing 2018 and expected 2020 levels. The reductions, which would be implemented in the first half of the year, are expected to make QEP's cost structure competitive with industry peers, the company said.