As previously reported on November 21, 2016, our subsidiary, QEP Field Services, LLC (“QEPFS”), entered into (1) a purchase and sale agreement with Whiting Oil & Gas Corporation (“Whiting”) and GBK Investments, L.L.C. (“GBK”) for the purchase of certain gas processing and gathering facilities located in Mountrail County, North Dakota and owned by Whiting and GBK (the “Robinson Lake Purchase Agreement”), (2) a purchase and sale agreement with Whiting and WBI Energy Midstream, LLC (“WBI”), a subsidiary of MDU Resources Group, Inc., for the purchase of certain natural gas processing and oil and gas gathering facilities located in Billings, Dunn and Stark Counties, North Dakota and owned by Whiting and WBI (the “Belfield Purchase Agreement”), and (3) a purchase and sale agreement with Whiting for the purchase of certain water gathering facilities located in Billings, Dunn and Stark Counties, North Dakota and owned by Whiting (together with the Robinson Lake Purchase Agreement and the Belfield Purchase Agreement, the “Whiting Purchase Agreements”). The Whiting Purchase Agreements are incorporated herein by reference to Exhibits 2.1, 2.2 and 2.3 to our Current Report on Form 8-K filed on November 21, 2016.

On January 1, 2017, we completed the acquisition contemplated by the Whiting Purchase Agreements for an aggregate purchase price of $700 million. We funded the purchase price with a combination of cash on hand and borrowings under our secured revolving credit facility.