QEP Resources, is a holding company. Co.'s businesses are conducted via its subsidiaries: QEP Energy Company, which acquires, explores for, develops and produces natural gas, crude oil, and natural gas liquids (NGL); QEP Field Services Company, which provides midstream field services including natural gas gathering, processing and compression; and QEP Marketing Company, which markets affiliate and third-party natural gas and crude oil, and owns and operates an underground natural gas storage reservoir. At Dec 31 2012, QEP Energy's total proved reserves for natural gas, oil, and NGL were 2,622.4 billion cubic feet, 119.0 million barrels and 99.9 million barrels, respectively.
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