QEP Resources, Inc.

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SEC Filings

8-K
QEP RESOURCES, INC. filed this Form 8-K on 11/07/2018
Entire Document
 



 
Operating Expenses
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
Change
 
2018
 
2017
 
Change
 
(in millions)
Lease operating expense
$
64.6

 
$
76.2

 
(15
)%
 
$
203.6

 
$
215.4

 
(5
)%
Adjusted transportation and processing costs(1)
43.8

 
60.2

 
(27
)%
 
134.1

 
202.6

 
(34
)%
Production and property taxes
37.4

 
28.5

 
31
 %
 
103.9

 
86.1

 
21
 %
 
$
145.8

 
$
164.9

 
(12
)%
 
$
441.6

 
$
504.1

 
(12
)%
 
 
 
 
 
 
 
 
 
 
 
 
 
(per Boe)
Lease operating expense
$
4.49

 
$
5.39

 
(17
)%
 
$
5.06

 
$
5.24

 
(3
)%
Adjusted transportation and processing costs(1)
3.04

 
4.26

 
(29
)%
 
3.34

 
4.93

 
(32
)%
Production and property taxes
2.60

 
2.02

 
29
 %
 
2.58

 
2.10

 
23
 %
Total production costs
$
10.13

 
$
11.67

 
(13
)%
 
$
10.98

 
$
12.27

 
(11
)%
 ____________________________
(1) 
Adjusted transportation and processing costs is a non-GAAP measure. The definition and reconciliation of adjusted transportation and processing costs to transportation and processing costs, as presented, are provided within Non-GAAP Measures at the end of this release.


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