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Subsequent Event
6 Months Ended
Jun. 30, 2011
Subsequent Event  
Subsequent Event

Note 15 – Subsequent event

In July, construction of QEP Field Services' Blacks Fork II gas processing plant located in southwestern Wyoming was completed and the company commenced commissioning and start-up operations. The plant is a deep-cut, cryogenic gas processing facility with an inlet capacity of 420 MMcf per day and processes company-owned and third-party natural gas produced primarily from the Pinedale Anticline. In conjunction with the plant start-up, QEP Energy and QEP Field Services executed a long-term, fee-based processing agreement. Approximately half of the volumes processed by the plant are owned by QEP Energy. It is expected that the plant will ultimately recover approximately 15,000 barrels of NGL's, net to the Company, of which approximately half will be for the account of QEP Energy and the remainder will be for the account of QEP Field Services.