QEP Resources, Inc. Declares Quarterly Cash Dividend

  QEP Resources, Inc. Declares Quarterly Cash Dividend

Business Wire

DENVER -- October 29, 2012

QEP Resources, Inc. (NYSE: QEP), a leading independent natural gas and crude
oil exploration and production company, today announced that its Board of
Directors approved a quarterly cash dividend of $0.02 per share payable on
December 7, 2012, to shareholders of record on November 19, 2012.

About QEP Resources

QEP Resources, Inc. (NYSE: QEP) is a leading independent natural gas and crude
oil exploration and production company focused in two major regions: the
Northern Region (primarily in the Rockies and the Williston Basin) and the
Southern Region (primarily Oklahoma, Louisiana, and the Texas Panhandle) of
the United States. QEP Resources also gathers, compresses, treats, processes
and stores natural gas. For more information, visit QEP Resources’ website at:
www.qepres.com.

Safe Harbor Statement

This release includes forward-looking statements within the meaning of Section
27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Forward-looking statements can be
identified by words such as “anticipates,” “believes,” “forecasts,” “plans,”
“estimates,” “expects,” “should,” “will” or other similar expressions. Such
statements are based on management’s current expectations, estimates and
projections, which are subject to a wide range of uncertainties and business
risks. These forward-looking statements include statements regarding:
forecasted Adjusted EBITDA, operating income, production and capital
investment for 2012 and related assumptions for such guidance; higher natural
gas prices and their impact on QEP; plans to drill and complete wells;
estimated average gross completed well costs; average estimated ultimate
recoveries per well; completion dates and capacity for new projects of QEP
Field Services; operatorship of certain wells; and remaining locations to
drill wells. Actual results may differ materially from those included in the
forward-looking statements due to a number of factors, including, but not
limited to: the availability of capital; global geopolitical and macroeconomic
factors; general economic conditions; including interest rates; changes in
local, regional, national and global demand for natural gas, oil and NGL;
natural gas, NGL and oil prices; impact of new laws and regulations; including
regulations regarding the use of hydraulic fracture stimulation and the
implementation of the Dodd-Frank Act; drilling results; shortages of oilfield
equipment, services and personnel; operating risks such as unexpected drilling
conditions; weather conditions; changes in maintenance and construction costs
and possible inflationary pressures; permitting delays; the availability and
cost of credit; outcome of contingencies such as legal proceedings; and the
other risks discussed in the Company’s periodic filings with the Securities
and Exchange Commission, including the Risk Factors section of the Company’s
Annual Report on Form 10-K for the year ended December 31, 2011. QEP Resources
undertakes no obligation to publicly correct or update the forward-looking
statements in this news release, in other documents, or on the website to
reflect future events or circumstances. All such statements are expressly
qualified by this cautionary statement.

Contact:

QEP Resources, Inc.
Investors:
Greg Bensen, 303-405-6665
Director, Investor Relations
or
Media:
Noel Ryan, 303-405-6655
Director, Corporate Communications
 
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