Oil 生産者 QEP ends sale 過程, settles with 行動主義者 Elliott
By David French, Svea Herbst-Bayliss and Arundhati Sarkar
Aug 7 (Reuters) - QEP 資源s will remain an 独立した・無所属 oil and gas 生産者 after ending a half-year 過程 to sell itself without a 取引，協定, the company said on Wednesday, deciding instead to work with a rebuffed suitor to identify その上の cost 貯金.
At the start of the year, Paul Singer's $38 billion hedge 基金 Elliott 管理／経営 Corp, which owns 4.9% of QEP, 申し込む／申し出d $2.07 billion for the Denver-based company, 説 it was undervalued にもかかわらず having good acreage in the Permian 水盤／入り江, the largest U.S. shale oilfield.
にもかかわらず running a sale 過程 目的（とする）d at soliciting other 企て，努力，提案s for the company, QEP said Wednesday it had 結論するd "the best path to create superior value for our 株主s is to move 今後 as an 独立した・無所属 company."
Instead, QEP and Elliott have agreed to work together to identify two new QEP board members and create a five-person 委員会 議長，司会を務めるd by 大統領 Tim Cutt to 器具／実施する best practices and 上げる efficiency. The 委員会 will 含む two 現在の 独立した・無所属 directors and the two new board members.
Elliott had been in 会談 with QEP's board until very recently about buying the company, but they could not agree on a valuation, によれば sources familiar with the 事柄.
QEP is now 価値（がある） half of what Elliott 申し込む／申し出d in January.
The hedge 基金 still believes QEP and its 資産s are undervalued and could return with a new 提案, one of the sources said.
QEP 株 辛勝する／優位d higher にもかかわらず 普及した 拒絶する／低下するs in the 部門 に引き続いて a 5% 減少（する） in WTI 天然のまま prices on Wednesday.
The 伸び（る）s were supported by QEP 説 on Wednesday that it would 復帰させる its 年４回の （株主への）配当 of 2 cents per 株. It 削減（する） its 2019 spending 発射／推定 by about $50 million, and raised its 2019 生産／産物 予測（する） to between 29.9 million バーレル／樽s of oil 同等（の） (boe) and 31 million boe, from 28.5 million boe and 30.3 milli on boe.
U.S. energy 合併s and 取得／買収s have been tepid in 2019 as 株主s have 圧力d oil and gas companies to 削減（する） costs and return cash to them instead of 拡大するing during a period of wild swings in 天然のまま and 公正，普通株主権 prices.
同様に as 減ずるing planned 資本／首都 支出 this year, QEP said it had 削除するd its general and 行政の expenses by 50% compared with the first ４半期/4分の1.
The S&P Oil & Gas 探検 & 生産／産物 索引 slipped on Tuesday below the level in February 2016, the 気圧の谷 of the last oil price 低迷. (報告（する）／憶測ing by David French in New York, Svea Herbst-Bayliss in Boston, and Arundhati Sarkar in Bengaluru; Editing by Sriraj Kalluvila and Richard Chang)
