EX-5.1 3 d202402dex51.htm EX-5.1 EX-5.1

Exhibit 5.1

 

 

811 Main Street, Suite 3700

 

Houston, TX 77002

 

Tel: +1.713.546.5400 Fax: +1.713.546.5401

 

www.lw.com

LOGO

 

FIRM / AFFILIATE OFFICES

 

Barcelona

 

Moscow

 

Beijing

 

Munich

 

Boston

 

New Jersey

 

Brussels

 

New York

 

Century City

 

Orange County

 

Chicago

 

Paris

June 27, 2016  

Dubai

 

Riyadh

 

Düsseldorf

 

Rome

 

Frankfurt

 

San Diego

 

Hamburg

 

San Francisco

 

Hong Kong

 

Shanghai

 

Houston

 

Silicon Valley

 

London

 

Singapore

 

Los Angeles

 

Tokyo

 

Madrid

 

Washington, D.C.

 

Milan

 

QEP Resources, Inc.

1050 17th Street, Suite 800

Denver, Colorado 80265

 

Re: Registration Statement No. 333-202686; Issuance of 23,000,000 shares of common stock

Ladies and Gentlemen:

We have acted as counsel to QEP Resources, Inc., a Delaware corporation (the “Company”), in connection with the proposed issuance of up to 23,000,000 shares of common stock, par value $0.01 per share, of the Company (the “Shares”), including up to 3,000,000 Shares to be issued pursuant to the exercise of the underwriters’ option to purchase additional Shares. The Shares are included in a registration statement on Form S-3 under the Securities Act of 1933, as amended (the “Act”), filed with the Securities and Exchange Commission (the “Commission”) on March 12, 2015 (Registration No. 333-202686) (as so filed and as amended, the “Registration Statement”), a base prospectus dated March 12, 2015 included in the Registration Statement (the “Base Prospectus”), a preliminary prospectus supplement dated June 21, 2016 filed with the Commission pursuant to Rule 424(b) under the Act (together with the Base Prospectus, the “Preliminary Prospectus”), and a prospectus supplement dated June 21, 2016 filed with the Commission pursuant to Rule 424(b) under the Act (together with the Base Prospectus, the “Prospectus”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement, the Preliminary Prospectus or the Prospectus, other than as expressly stated herein with respect to the issuance of the Shares.

As such counsel, we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.


June 27, 2016

Page 2

 

LOGO

 

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers and have been issued by the Company against payment therefor in the circumstances contemplated by the underwriting agreement filed as an exhibit to the Company’s Current Report on Form 8-K filed with the Commission on June 27, 2016 and the Prospectus, the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and nonassessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares provided in the General Corporation Law of the State of Delaware.

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Act. We consent to your filing this opinion as an exhibit to the Company’s Form 8-K dated June 27, 2016 and to the reference to our firm contained in the Preliminary Prospectus and the Prospectus under the heading “Legal Matters.” In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Act or the rules and regulations of the Commission thereunder.

Very truly yours,

/s/ Latham & Watkins LLP