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QEP completes $735MM Haynesville/Cotton Valley sale

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Permian-focused QEP Resources completed the $735 million sale of its Haynesville and Cotton Valley assets to Dallas-based Aethon III, a JV between private equity firm Aethon Energy, the Ontario Teachers Pension Plan and RedBird Capital Partners. The acquisition, first announced Nov. 19, more than doubles Aethon’s pre-deal production of 200 MMcfe/d from the Haynesville, where it has been an active consolidator, and its legacy Wind River Basin assets in Wyoming. The deal also adds......
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