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William Kent
Director, Investor Relations
1050 17th Street, Suite 800
Denver, CO 80265
P: 303-405-6665

News Release

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QEP Resources Completes Redemption of Its 6.875% Senior Notes Due 2021

DENVER, Sept. 30, 2020 (GLOBE NEWSWIRE) -- QEP Resources, Inc. (NYSE:QEP) (QEP or the Company) today announced that it completed its previously announced redemption of its 6.875% Senior Notes due 2021 (the “2021 Notes”) in the aggregate principal amount of $275.3 million. The 2021 Notes were redeemed at a redemption price equal to 102.628% of the principal amount thereof, plus accrued and unpaid interest up to, but not including, September 30, 2020.

About QEP Resources, Inc.

QEP Resources, Inc. (NYSE: QEP) is an independent crude oil and natural gas exploration and production company focused in two regions of the United States: the Southern Region (primarily in Texas) and the Northern Region (primarily in North Dakota). For more information, visit QEP's website at: www.qepres.com.

William I. Kent, IRC
Director, Investor Relations


Source: QEP Resources, Inc.

QEP Resources, INC.