QEP Resources (QEP) reported on the company’s Granite Wash development activity during the fourth quarter of 2011.
QEP Resources put onto sales two recent wells completed in the Granite Wash play. The wells targeted the Cherokee and Caldwell formations on its acreage in Wheeler County, Texas. The company now has interests in 61 producing horizontal Granite Wash wells.
QEP Resources reported net Granite Wash production of 52 million cubic feet of natural gas equivalent per day in the fourth quarter of 2011. The company is currently operating two rigs in the Granite Wash play.