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Acquisitions & Divestitures (Tables)
9 Months Ended
Sep. 30, 2013
Acquisitions [Abstract]  
Schedule of Purchase Price Allocation [Table Text Block]
The following table presents a summary of the Company's purchase accounting entries:
 
As of September, 2013
 
(in millions)
Consideration given:
 
Cash consideration
$
1,392.7

Amounts recognized for fair value of assets acquired and liabilities assumed:
 
Proved properties
$
713.8

Unproved properties
683.4

Asset retirement obligations
(0.9
)
Liabilities assumed
(4.4
)
Other assets
0.8

Total fair value
$
1,392.7

Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]  
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited, pro forma results of operations are provided for the three and nine months ended September 30, 2012. These supplemental pro forma results of operations are provided for illustrative purposes only and may not be indicative of the actual results that would have been achieved by the acquired properties for the period presented or that may be achieved by such properties in the future. Future results may vary significantly from the results reflected in this pro forma financial information because of future events and transactions, as well as other factors. The pro forma information is based on QEP's consolidated results of operations for the three and nine months ended September 30, 2012, on the acquired properties' historical results of operations and on estimates of the effect of the transaction on the combined results. The pro forma results of operations have been prepared by adjusting the historical results of QEP to include the historical results of the acquired properties based on information provided by the seller and the impact of the purchase price allocation. The pro forma results of operations do not include any cost savings or other synergies that may result from the 2012 Acquisition or any estimated costs that have been or will be incurred by the Company to integrate the acquired properties.
 
Three Months Ended
 
Nine Months Ended
 
September 30, 2012
 
September 30, 2012
 
Actual
 
Pro forma
 
Actual
 
Pro forma
 
(in millions, except per share data)
 
 
 
 
 
 
 
 
Revenues
$
542.4

 
$
598.9

 
$
1,644.9

 
$
1,780.4

Net income attributable to QEP
(3.1
)
 
4.8

 
151.4

 
164.9

Earnings per common share attributable to QEP
 
 
 
 
 
 
 
Basic
$
(0.02
)
 
$
0.03

 
$
0.85

 
$
0.93

Diluted
(0.02
)
 
0.03

 
0.85

 
0.93