8-K

                SECURITIES AND EXCHANGE COMMISSION

                     Washington, D.C.  20549


                             FORM 8-K

                          CURRENT REPORT


                Pursuant to Section 13 or 15(d) of
               The Securities Exchange Act of 1934


                Date of Report - December 7, 2000
                (Date of earliest event reported)


                 Questar Market Resources Company
        (Exact name of registrant as specified in charter)


     STATE OF UTAH              0-14147            87-0307414
(State or other juris-        (Commission      (I.R.S. Employer
diction of incorporation       File No.)      Identification No.)
  or organization)


P. O. Box 45601, 180 East 100 South, Salt Lake City, Utah 84145-0601
             (Address of principal executive offices)


Registrant's telephone number, including area code (801) 324-5555


                          Not Applicable
  (Former name or former address, if changed since last report.)


Item 5.  Other Events and Regulation FD Disclosure.

     Questar Market Resources Inc. ("QMR" or the "Company") has two
subsidiaries, Questar Exploration and Production Company and Wexpro
Company, that are involved in drilling activities  at the Pinedale
Anticline area in western Wyoming.  In a press release issued on
December 7, 2000, Questar Corporation, the Company's parent,
announced that drilling results and initial production from new
Pinedale wells confirmed and could enhance earlier estimates of the
area's productive potential.

Item 7.  Financial Statements and Exhibits.

     (c)  Exhibits.

     Exhibit No.    Exhibit

         99.1       Press release issued on December 7, 2000.


                              SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned thereunto duly authorized.

                                           QUESTAR MARKET RESOURCES, INC.
                                                   (Registrant)


December 7, 2000                           /s/G. L. Nordloh
    (Date)                                    G. L. Nordloh
                                              President and Chief Executive
                                              Officer

EX-99.1

Exhibit No. 99.1

Questar today said drilling results and initial production from new
wells in its expanding Pinedale Anticline drilling program in
western Wyoming confirm and could enhance earlier estimates of the
area's productive potential.

The company today released additional information about nine wells
that were drilled by Questar Exploration and Production (QEP) and
Wexpro. Five of the nine wells were completed with initial flow
rates ranging from 7.5 million cubic feet per day (MMcf/d) to 10.2
MMcf/d. The wells were fracture stimulated in between six and 11
intervals, and the flow rates reflected only completed intervals. A
sixth well was completed in only two fracture-stimulated intervals
due to government winter restrictions and had an initial daily flow
rate of 2.6 MMcf/d. Four of the six completed wells are currently
producing into the pipeline, and two others will have initial sales
within a week.

"The drilling results and initial production from these new wells
are in line with our expectations for the area, and early
indications of higher-than-expected pressures in all or a portion of
the area could increase the productive potential, " said Don Cash,
Questar chairman, president and CEO.

Cash also said the current drilling and testing program on Questar's
acreage tends to confirm estimates of an average reserve potential
of 5 to 6 billion cubic feet equivalent per well over a broad area
of the structure. He said "bottom hole" pressures in two of the
recently completed wells indicate pressures in excess of 10,000
pounds per square inch (psi) at a depth of 13,000 feet, higher than
previous estimates.

QEP and Wexpro have an approximate 60 percent average working
interest in 14,800 gross acres in the Mesa Area of the Pinedale
Anticline. The companies project between 135 and 150 Lance formation
wells based on current 80-acre spacing requirements, and double that
number if 40-acre spacing is determined to be appropriate.

Questar estimates that gross production on Dec. 31, 2000, from 14
company-operated Pinedale wells will be about 26 MMcf of natural gas
and 45 barrels of oil per day. The company said some flow rates are
constrained in the near-term by the capacity of surface production
facilities. The company said QEP has pre-sold its Pinedale
production through February 2001 at an average price of $7.50 per
Mcf (after gathering charges). At that price, according to the
company, the wells would pay out drilling and completion costs in
about four months.

Questar anticipates that its U.S. amortization rate will decrease
from $.77 per Mcf to $.73  as the result of the Pinedale reserve
additions and the recent sale of 290 producing properties in
Oklahoma and Texas. (The amortization rate is the total cost of
buying leases, drilling wells and acquiring producing properties,
divided by the total value of reserves.)