751652--2/28/2007--QUESTAR_CORP

related topics
{gas, price, oil}
{operation, natural, condition}
{capital, credit, financial}
{regulation, change, law}
{loss, insurance, financial}
Investors should read carefully the following factors as well as the cautionary statements referred to in Forward-Looking Statements herein. If any of the risks and uncertainties described below or elsewhere in this Annual Report actually occur, the Company s business, financial condition or results of operations could be materially adversely affected. The future price of natural gas, oil and NGL is unpredictable. Questar uses derivative instruments to manage exposure to uncertain prices The Company may not be able to economically find and develop new reserves Gas and oil reserve estimates are imprecise and subject to revision Questar faces many operating risks to develop and produce its reserves Shortages of oilfield equipment, services and qualified personnel could impact results of operations. A significant portion of Market Resources production, revenue and cash flow are derived from assets that are concentrated in a geographical area . Gas and oil operations involve numerous risks that might result in accidents and other operating risks and costs. Questar is subject to complex regulations on many levels FERC regulates interstate transportation of natural gas . State agencies regulate the distribution of natural gas. Questar is dependent on bank credit facilities and continued access to capital markets to successfully execute its operating strategies General economic and other conditions impact Questar s results

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