QEP Resources says Q3 production grew 41%

10/25/2010 | Wall Street Journal, The

QEP Resources posted a 41% increase in third-quarter output, helped by "strong" results from the company's properties in the Haynesville, Woodford Cana and Granite Wash areas. QEP has also raised its production outlook to between 225 billion and 227 billion cubic feet of oil equivalent. The company's concentration on being efficient has led to "industry-leading completed-well costs in our core resource plays," said Chuck Stanley, president and CEO of QEP.

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