Questar Corp. Company News

Questar is considering a possible tax-free spin-off of the company's natural gas and oil exploration and production (E&P) business.

Questar E&P reported production of 189.5 Bcfe in 2009, compared to 171.4 Bcfe in 2008, an 11% increase.

Pacific Energy & Mining Company confirmed that the initial well at the newly unitized Johnson Bottoms Unit has been drilled and all production equipment has been installed by operator Questar.

The initial well at the newly unitized Johnson Bottoms Unit in Utah commenced horizontal drilling on November 3, 3009.

Questar and Enterprise announced that operations have commenced at the White River Hub located in Colorado. The hub will provide Rockies producers with greater access to markets served by pipelines in the Piceance and Uinta Basins.

Integrated natural gas companies, long seen as safe bets when energy markets turn volatile, could reshape themselves in the face of falling commodity prices and tightening credit markets.

Questar Exploration and Production Company has announced completion of the company's first operated Haynesville Shale horizontal wells in Northwest Louisiana.

The properties are located in Red River and Bienville Parishes, approximately 10 miles south and east of Questar E&P's existing Elm Grove Field operations.

Questar has revised 2008 earnings and production guidance and underlying assumptions to incorporate newly acquired properties, the recent increase in natural gas and crude oil prices, and additional natural gas fixed-price hedges.

Questar Corporation reported that Charles B. Stanley has been promoted to chief operating officer effective March 1, 2008. Stanley is currently president and CEO of Questar's largest subsidiary, Questar Market Resources.

Questar Corp. grew net income 14% in 2007 to $507.4 million, or $2.88 per diluted share, compared to $444.1 million, or $2.54 per diluted share, for the prior year.

Questar and Enterprise have entered into a MOU to develop a new natural gas pipeline hub in the Rockies.

Another piece of the giant puzzle known as the Rockies Express Pipeline LLC Project is falling into place.

Kodiak Oil & Gas Corp., an oil and gas exploration and production company with assets in the Green River and Williston basins, on Wednesday issued an interim update on its drilling and completion activities.

Questar reports that the Bureau of Land Management has approved a proposal by Questar to increase gas production from its Pinedale Anticline leasehold in western Wyoming.

Questar Corp. has, on the heels of a 13% year-over-year rise in nonregulated natural gas-equivalent production in the first half of 2004, announced a $25 million increase in its projected 2004 capital budget to accelerate drilling programs.

Ultra Petroleum receives approval to drill on the Pinedale Anticline acreage in Wyoming.