What happened to QEP?
As a result of the merger, QEP common stock will no longer be listed for trading on NYSE and its reporting obligations under the Securities Exchange Act of 1934 will be suspended. “We are excited to announce that we have completed our acquisition of QEP.
Who bought QEP Resources?
Diamondback Energy
Texas-based Diamondback Energy will acquire Denver oil and gas company QEP Resources in a $2.2 billion deal announced Monday. The merger will be an all-stock transaction.
How many employees does QEP Resources have?
QEP Resources has 257 employees and is ranked 19th among it’s top 10 competitors.
Did Diamondback buy QEP?
Completes Acquisition of QEP Resources, Inc. MIDLAND, Texas , March 17, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that it has completed its previously announced acquisition of QEP Resources, Inc.
Is QEP Resources a buy?
QEP Resources has received a consensus rating of Hold. The company’s average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings.
What does QEP Resources stand for?
QEP. Qualified Environmental Professional (Institute of Professional Environmental Practice) QEP.
What industry is QEP Resources?
QEP Resources, Inc. operates as an independent natural gas, oil exploration, and production company. The Company focused in the Rocky Mountain and Midcontinent regions of the United States.
What does WPX Energy do?
WPX Energy Inc. is an independent energy producer with core positions in the Permian and Williston basins. WPX’s production is approximately 80% oil/liquids and 20% natural gas. The company also has an infrastructure portfolio in the Permian Basin.
What is a QEP certification?
The Qualified Environmental Professional (QEP) certification is a multi-media, multi-disciplinary, board-certified credential that requires environmental professionals to see “the big picture” and to have the skills and knowledge to solve “real world problems.” It does not take the place of specialized certifications …
Is QEP a good investment?
Where are QEP Resources located in the United States?
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.
Where are Diamondback Energy and QEP Resources located?
For more information, please visit www.diamondbackenergy.com. 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 ).
What did QEP stockholders get in the merger?
As previously announced, in the merger, QEP stockholders will receive 0.05 of a share of Diamondback common stock for each share of QEP common stock issued and outstanding immediately prior to the effective time of the merger, with cash to be received in lieu of any fractional shares.
How much is Diamondback going to pay for QEP?
Under the terms of the definitive merger agreement, stockholders of QEP will receive 0.05 shares of Diamondback common stock in exchange for each share of QEP common stock, representing an implied value to each QEP stockholder of $2.29 per share based on the closing price of Diamondback common stock on December 18, 2020.
