“Trail’s repeatable low-risk development locations are ideal for Wexpro’s business model. Finding costs in this region over the last two years have been below $1.00/Mcfe,” said Jim Livsey, Wexpro’s executive vice president and COO.The company expects to close the transaction by the end of August. Upon closing, the company estimates the asset could yield incremental production of about 2.6 Bcfe net to Questar in the remaining four months of 2013 and be immediately accretive to earnings. About Questar Corporation Questar is a Rockies-based integrated natural gas company with an enterprise value of about $5.5 billion, operating through three principal subsidiaries:
- Questar Gas Company provides retail natural gas distribution in Utah, Wyoming and Idaho;
- Wexpro Company develops and produces natural gas from cost-of-service reserves for Questar Gas customers; and
- Questar Pipeline Company operates interstate natural gas pipelines and storage facilities in the western U.S. and provides other energy services.