Shale player QEP Resources Inc. continues to bring down costs across its assets as the company gears up for more refracs and gas lift in the Bakken along with a fourth-quarter 2019 return of frac crews to the Permian Basin.

The Denver-based company has lowered its G&A expenses by about 40% since third-quarter 2018, aiming to bring it down to less than $3 per barrel of oil equivalent (boe) by 2020.

QEP’s divestment of assets in the Haynesville/Cotton Valley Shale and Uinta Basin this year also helped drive a 41% drop in lease operating expense (LOE), which fell to $38.3 million for third-quarter 2019 compared to a year earlier. Divestitures aside, the company reported a $14.1 million drop in LOE attributable to expense-reduction efforts in the Permian and Williston basins.

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