While it’s still not clear what it means for local employees, local assets of QEP Resources Co. have been sold. Middle Fork Energy Partners, LLC announced their agreement in July to buy oil and gas production, undeveloped acreage, and related assets in the Uinta Basin from a subsidiary of QEP Resources Co. for $155 million dollars. The properties in the agreement are located in Duchesne and Uintah Counties. According to the Middle Fork announcement, the properties include 605 bcf (billions of cubic feet) of proved natural gas-equivalent reserves and net production of 54 MMcfd (million cubic feet per day) of gas equivalent, 23% liquids. Both Middle Fork and QEP are Denver based companies.
