QEP Resources (QEP) issued an operations update on its development activities in the Haynesville Shale. The company has 49,600 net acres under lease in the play.
QEP Resources reported average well costs of $9.3 million in 2010, with the last eight Haynesville Shale wells averaging $8.5 million.
QEP Resources reported average production of 235 million cubic feet of natural gas equivalents per day in December 2010 from the Haynesville Shale. The company is operating six rigs in the play and has 13 operated wells waiting on completion.
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