QEP Resources, Inc.

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SEC Filings

S-3ASR
QEP RESOURCES, INC. filed this Form S-3ASR on 03/09/2018
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Table of Contents

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

This prospectus and the accompanying prospectus supplement may contain or incorporate by reference information that includes or is based upon “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Exchange Act. Forward-looking statements give expectations or forecasts of future events. You can identify these statements by the fact that they do not relate strictly to historical or current facts. They use words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements include statements relating to, among other things:

 

    focus on returns-focused growth and superior execution and strategies to achieve these objectives;

 

    our strategic objectives to transition to a pure-play Permian Basin company;

 

    plans to grow oil and gas production;

 

    impact on production from disruptions in transportation and midstream services;

 

    drilling and completion plans and strategies;

 

    refracturing of wells in Haynesville/Cotton Valley and the Williston Basin;

 

    adding additional acreage in the Permian Basin;

 

    estimated reserves and development of such reserves;

 

    managing counterparty risk exposure;

 

    expectations and assumptions regarding oil, gas and NGL prices;

 

    development of proved undeveloped (PUD) reserves within five years;

 

    reclassification of PUD reserves;

 

    PUD conversion rates and factors impacting conversion of PUD reserves;

 

    future development costs and funding for same;

 

    factors affecting our decision to modify our development plans;

 

    impact of weather on drilling, completion and production operations;

 

    our ability to meet delivery and sales commitments;

 

    impact of and compliance with government regulations;

 

    FERC regulation of oil and gas pipelines;

 

    impact of tax reform legislation on our tax position;

 

    adequacy of insurance;

 

    volatility of oil, gas and NGL prices and factors impacting such prices;

 

    delays caused by transportation, processing, storage and refining capacity issues;

 

    impact of shutting in wells;

 

    factors impacting our ability to transport oil and gas;

 

    credit agreement limitations that could prevent QEP from incurring certain indebtedness, which could limit QEP’s ability to engage in acquisitions;

 

    credit agreement limitations on divestitures;

 

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