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QEP Resources Inc
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2019 Barclays CEO Energy-Power Conference
| Chuck Stanley | Page 3 of 11 |
December 20, 2025
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"2019 Barclays CEO Energy-Power Conference"
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3 Corporate Update (1) Excludes equivalent production of 26.2 Mboe from Other Northern & Other Southern regions. Permian Basin Net Acres: 49,224 2Q’19: 4,552 Mboe Asset Overview (1) • Concluded formal strategic alternatives review process • Increased full year production guidance for crude oil, natural gas and NGL • On track to reduce normalized G&A expense by 45% • Lowered D&C costs by 20% from 2018 • Lowered Facility costs by 33% from 2018 • Lowered mid-point of full-year 2019 capital expenditure guidance by $50 million QEP Production Mix Oil NGL Gas Highlights Williston Basin Net Acres: 94,755 2Q’19: 2,962 Mboe Corporate Headquarters