QEP Resources, Inc. (NYSE: QEP) is working with Evercore Inc. (NYSE:EVR) to explore a sale, according to people familiar with the matter. QEP's shares rose as much as 5.4% on the news. QEP is working with Evercore to conduct a strategic review, said the people, who asked to not be identified because the matter isn’t public QEP Resources is likely to draw interest from rivals and private equity firms, in addition to Elliott Management Corporation, the people said. No final decision has been made and QEP could opt to remain independent, the people said. Representatives for Elliott and Evercore declined to comment. QEP didn’t respond to requests for comment.