At closing, Green River Processing will own the Blacks Fork processing
complex and the Emigrant Trail processing plant located in southwest
The Blacks Fork complex contains three processing plants with up to 505 MMcf per day of cryogenic processing capacity and a 330 MMcf per day Joule-Thomson processing plant. In addition, the complex has 15,000 bbl per day of fractionation capacity and associated truck and rail loading facilities, which allow Green River Processing to sell purity products into what are often premium priced local and regional NGL markets. The majority of gas processed at the Blacks Forks complex is produced in the Pinedale Anticline, which is approximately 100 miles north of the complex.
The Emigrant Trail processing plant, located approximately ten miles
south of the Blacks Fork complex, consists of one cryogenic gas
processing train with inlet capacity of approximately 55 MMcf per day.
The plant receives the majority of its gas from various gas fields along
the Moxa Arch, including Church Buttes, located in the
This release includes forward-looking statements within the meaning of
Section 27(a) of the Securities Act of 1933, as amended, and Section
21(e) of the Securities Exchange Act of 1934, as amended.
Forward-looking statements can be identified by words such as
“anticipates,” “believes,” “forecasts,” “plans,” “estimates,” “expects,”
“should,” “will” or other similar expressions. These forward-looking
statements include statements regarding the anticipated closing date of
the transactions, the relative benefits to the parties and equity
interest holders resulting from the transaction, and the operational and
performance metrics of the Green River Processing assets. Such
statements are based on management’s current expectations, estimates and
projections, which are subject to a wide range of uncertainties and
business risks. Actual results may differ materially from those included
in the forward-looking statements due to a number of factors, including
the price of natural gas, oil and NGLs, the inability of the parties to
satisfy the conditions to the transaction, disruptions of any party’s
ongoing business, weather conditions, global geopolitical and
macroeconomic factors, the U.S. federal budget, acts of terrorism, and
the other risks discussed in the Company’s filings with the
QEP Resources, Inc.
Greg Bensen, 303-405-6665
Director, Investor Relations
Brent Rockwood, 303-672-6999