QEP Resources set a new record for land prices in the Permian basin when the US independent this week paid $600 million for about 9400 acres in Martin County in the US state of Texas.
Denver-based QEP justified the price by saying that the tract is contiguous, has potential for development in four different horizons and lies just 10 miles (16 kiloemtres) east of its existing Permian operations.
The
