QEP Resources to Sell O&G Assets to Aethon Energy

Monday, November 19, 2018

QEP Resources Inc said on Monday it will sell its oil and gas assets in the Haynesville-Cotton Valley in northwest Louisiana to Aethon Energy Management LLC for $735 million, as it plans to become a pure-play Permian operator.

The deal is expected to close in January 2019, the company said.


(Reporting by Debroop Roy; Editing by James Emmanuel)

Categories: Contracts Finance Energy Shale Oil & Gas North America Shale

Related Stories

Brent Near $114 as Middle East Conflict Continues

Vessel Sector Deep Dive: WTIVs

IEA: Current Oil And Gas Crisis Exceeds Past Shocks Combined

Iran War Reshapes Global LNG Trade

Big Oil to Reap Billions from Energy Price Surge

Oil Executives Flag Long-Term Impact of Iran Conflict

Oil Rises as Iran Denies US Talks, Supply Risks Persist

China’s Sinopec Plans to Skip Iranian Oil, Tap Strategic State Reserves

Offshore Vietnam: Energy Imports Rise as Domestic Production Falls

Iran War Exposes Risks of Fossil Fuel Dependence

Current News

ADNOC Drilling Finalizes MB Petroleum JV, Expands Regional Fleet

Brent Near $114 as Middle East Conflict Continues

Thailand Cancels Offshore Energy Exploration Pact with Cambodia

Vessel Sector Deep Dive: WTIVs

Indonesia’s Mako Gas Project on Track for First Gas in 2027

CNOOC’s First Quarter Profit Rises on Higher Oil Prices, Output

UAE Exit Weakens OPEC, Raises Risk of Price War

United Arab Emirates Exits OPEC and OPEC+

Technology as Enabler of Energy Security in Offshore Asia

Saipem Poised for Middle East Repair Work After Iran War

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com