|Exchange:||New York Stock Exchange|
|Industry:||Utilities - Regulated Gas|
|Questar Corporation is a holding company, which was organized as Utah Corporation in March of 1984. Questar is a Rockies-based integrated natural gas holding company with three complementary lines of business operated through wholly owned subsidiaries: Wexpro Company, Questar Pipeline and Questar Gas. Wexpro develops, produces and delivers cost-of-service reserves for gas utility affiliate Questar Gas under the terms of the Wexpro Agreement, a long-standing comprehensive agreement with the states of Utah and Wyoming. Wexpro's properties are located in the Rocky Mountain region, primarily in the Vermillion, Pinedale, Moxa Arch, and Uinta producing areas. In 2011, the Company drilled 58 wells in Vermillion and plans to maintain an active drilling program in the region in 2012. Wexpro faces competition in its business, including the marketing of oil, and obtaining goods, services and labor. Its growth strategy depends, in part, on its ability to develop reserves in a low-cost and efficient manner. Questar Pipeline provides natural gas-transportation and underground-storage services in Utah, Wyoming and Colorado. Questar Pipeline and subsidiaries generated approximately 34% of the Company's operating income in 2011. Questar Pipeline owns and operates the Clay Basin storage facility, the largest underground-storage reservoir in the Rocky Mountain region. uestar Pipeline competes for market growth with other natural gas-transmission companies in the Rocky Mountain region and with other companies providing natural gas-storage services. Questar Gas distributes natural gas as a public utility in Utah, southwestern Wyoming and a small portion of southeastern Idaho. It generated approximately 26% of the Company's operating income in 2011. Questar Gas has long-term contracts with Questar Pipeline for transportation and storage capacity at Clay Basin and three peak-day storage facilities. Questar Gas currently does not face direct competition from other distributors of natural gas for residential and commercial customers in its service territory. The Company's exploration and production operations are subject to various government controls and regulation at the federal, state and local levels.|
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