Company Overview of Questar Gas Company
Questar Gas Company distributes natural gas to residential and commercial customers in Utah, southwestern Wyoming, and southeastern Idaho. The company owns and operates distribution systems; and has a total of 28,239 miles of street mains, service lines, and interconnecting pipelines. As of December 31, 2014, it served 962,225 customers. The company is based in Salt Lake City, Utah. Questar Gas Company operates as a subsidiary of Questar Corporation.
333 South State Street
PO Box 45433
Salt Lake City, UT 84145
Key Executives for Questar Gas Company
Chairman, Chief Executive Officer, Chief Executive Officer of Questar Corp and President of Questar Corp
President, Chief Operating Officer and Director
Chief Financial Officer, Executive Vice President and Director
Vice President and Controller
General Manager of State Regulatory Affairs
Compensation as of Fiscal Year 2015.
Questar Gas Company Key Developments
Questar Applies to Add Canyon Creek Acquisition to Wexpro II and Proposes Changes to Wexpro Model
Aug 31 15
Questar Corporation subsidiary Questar Gas Company (Questar Gas) has submitted an application to the Public Service Commissions of Utah and Wyoming seeking approval to include the recently acquired Canyon Creek property as a Wexpro II development and production asset. In December 2014, Wexpro Company (Wexpro) closed on this $52.7 million acquisition of the remaining 30% ownership interest in natural gas producing properties in the Canyon Creek field, located in the Vermillion Basin in southwest Wyoming. Wexpro now has a 100% ownership interest in this field, a property that produces some of its lowest-priced cost-of-service natural gas. Under the Wexpro II Agreement, Questar Gas is required to apply for approval to include any properties acquired by Wexpro within the original Wexpro Agreement’s development-drilling area, as Wexpro II properties. In the application, Questar Gas also proposed changes to certain terms of the Wexpro cost-of-service model established by the Wexpro agreements. The changes are designed to enable future cost-of-service gas production to be more competitive in the current low-price commodity environment.
Questar Gas Company Announces Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 5 15
Questar Gas Company announced unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $141.7 million compared with $145.0 million for the same period a year ago. Net loss was $2.8 million compared with $3.3 million for the same period a year ago. Operating income was $1.4 million compared with $0.3 million for the same period a year ago.
For the six months, the company reported net sales of $516.5 million compared with $541.3 million for the same period a year ago. Net income was $41.0 million compared with $36.3 million for the same period a year ago. Operating income was $78.0 million compared with $70.1 million for the same period a year ago.
Questar Gas Company Appoints Craig Wagstaff as EVP and President
Mar 9 15
Questar Gas Company appointed Craig Wagstaff, Questar EVP and chief operating officer of Questar Gas Company has been named Questar EVP and president, Questar Gas Company. Wagstaff will report to Jibson.
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