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QEP sells Haynesville/Cotton Valley assets to Aethon
After announcing at the end of February that it would divest its Haynesville and Cotton Valley assets as part an initiative to become a Permian pure player, QEP Resources signed a definitive agreement to sell its northwest Louisiana position on Nov. 19. Aethon Energy affiliate Aethon III has agreed to buy the assets for $735 million and will assume all related firm gas transportation agreements. QEP will novate natural gas derivative contracts covering ~40 Bcf for the last 11......
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