QEP Resources, Inc. Issues Comment on JANA Filing

  QEP Resources, Inc. Issues Comment on JANA Filing

Business Wire

DENVER -- November 18, 2013

QEP Resources, Inc. (“QEP” or the “Company”) (NYSE:QEP) today issued the
following statement regarding the filing of an updated Schedule 13D beneficial
ownership report by JANA Partners, LLC (“JANA”) including a letter addressed
to QEP’s Board of Directors:

“QEP’s Board of Directors and management team are working to develop
strategies and take actions which we believe will create value for all of our
shareholders. As an integral part of that process, we welcome the input of all
shareholders, including JANA Partners, and regularly evaluate their
suggestions and proposals, including the proposals that have been put forth
recently by JANA. As communicated publicly and in our ongoing conversations
with JANA, the Board and management continue to work with our financial
advisors to diligently analyze various alternatives to create greater value
for all of our shareholders.”

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 the Rockies and the Williston Basin) and the
Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of
the United States. QEP Resources also gathers, compresses, treats, processes
and stores natural gas. QEP Resources is the majority owner of QEP Midstream
Partners, LP (NYSE:QEPM) and owns 100% of the partnership’s general partner.
For more information, visit QEP Resources' website at: www.qepres.com.


QEP Resources, Inc.
Greg Bensen, 303-405-6665
Director, Investor Relations
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