Quicksilver Resources Announces 2008 Capital Increase

FORT WORTH, TX, Sep 02 (MARKET WIRE) --
Quicksilver Resources Inc. (NYSE: KWK) announced that its board of
directors has unanimously approved a $270 million increase to the
company's 2008 capital budget. The budget increase reflects increased
drilling and completion activity primarily in the company's Fort Worth
Basin Barnett Shale formation, increased expenditures on inventories of
tubular goods and increased exploratory activities including leasehold
acquisitions. In the Fort Worth Basin in northern Texas, the company now
expects to drill an additional 35 wells, including approximately 20 wells
associated with the recently acquired properties in Tarrant and Denton
counties.

"The acquisition of 13,000 acres in the core of the Fort Worth Basin in
August has provided additional opportunities for the company to rapidly
grow our production base," said Glenn Darden, Quicksilver president and
chief executive officer. "As a result, we have expanded our drilling
program to accelerate the development of our estimated 5.5 trillion cubic
feet of recoverable natural gas equivalent resources in the basin. We have
also expanded our inventory of steel tubular goods after identifying a
tightening in the market for these products that allows us to more
effectively execute our drilling plan."

In addition, the board of directors of Quicksilver Gas Services LP (NYSE
Arca: KGS) has unanimously approved a $65 million increase to its 2008
capital budget. Quicksilver Gas Services also expects to acquire the Lake
Arlington dry gathering system from Quicksilver Resources for
approximately $40 million by the end of the year. Quicksilver Resources
owns approximately 73% of Quicksilver Gas Services and fully consolidates
their results for financial reporting purposes.

Quicksilver's total consolidated 2008 capital budget is now set at
approximately $1.2 billion, which includes approximately $795 million for
drilling and completions, approximately $245 million for gathering and
processing facilities (including approximately $145 million associated
with and funded by Quicksilver Gas Service LP), approximately $130
million for leaseholds and approximately $50 million for other property
and equipment (including approximately $40 million of tubular goods
inventory). On a project basis, approximately $1.0 billion is anticipated
to be spent in the Fort Worth Basin, approximately $85 million for the
Horseshoe Canyon coalbed methane development in Alberta, Canada,
approximately $5 million combined in Wyoming and Montana and
approximately $125 million on exploratory leasehold, seismic and drilling
activities in the U.S. and Canada, including the Delaware Basin in west
Texas and the Horn River Basin in British Columbia.

Quicksilver will begin initial drilling operations in the Horn River Basin
during the upcoming winter drilling season. The company also expects to
evaluate four to six additional wells in the Delaware Basin of west Texas.

Production volumes for 2008 are projected to average approximately 275
million cubic feet per day of natural gas equivalents (MMcfe), up more
than 80% from the 2007 average of 151 MMcfe per day adjusted for the
divestment of the company's Northeast operations in Michigan, Indiana and
Kentucky effective November 1, 2007, which represented average production
of approximately 75 MMcfe per day. Production volumes for 2009 are
projected to average approximately 390 MMcfe per day, up more than 40%
from the projected 2008 average. The increase in production is primarily
associated with the ongoing drilling activities in the company's Fort
Worth Basin program. Quicksilver has hedges covering approximately 75%
and 65% of its projected natural gas production for the second half of
2008 and full-year 2009, respectively, with a weighted-average NYMEX
floor price of approximately $8.60 per thousand cubic feet and
participation in price increases above these levels.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude
oil exploration and production company engaged in the development and
acquisition of long-lived, unconventional natural gas reserves, including
coalbed methane, shale gas, and tight sands gas in North America. The
company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut
Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta. For more information
about Quicksilver Resources, visit www.qrinc.com.

Forward-Looking Statements

The statements in this press release regarding future events, occurrences,
circumstances, activities, performance, outcomes and results are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Although these statements reflect the
current views, assumptions and expectations of Quicksilver Resources'
management, the matters addressed herein are subject to numerous risks and
uncertainties, which could cause actual activities, performance, outcomes
and results to differ materially from those indicated. Factors that could
result in such differences or otherwise materially affect Quicksilver
Resources' financial condition, results of operations and cash flows
include: changes in general economic conditions; fluctuations in natural
gas, natural gas liquids and crude oil prices; failure or delays in
achieving expected production from exploration and development projects;
uncertainties inherent in estimates of natural gas, natural gas liquids
and crude oil reserves and predicting natural gas, natural gas liquids and
crude oil reservoir performance; effects of hedging natural gas, natural
gas liquids and crude oil prices; competitive conditions in our industry;
actions taken by third parties, including operators, processors and
transporters; changes in the availability and cost of capital; delays in
obtaining oilfield equipment and increases in drilling and other service
costs; operating hazards, natural disasters, weather-related delays,
casualty losses and other matters beyond our control; the effects of
existing and future laws and governmental regulations; and the effects of
existing or future litigation; as well as, other factors disclosed in
Quicksilver Resources' filings with the Securities and Exchange
Commission. Except as required by law, we do not intend to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.

KWK 07-23

Investor & Media Contact:
Quicksilver Resources Inc.
Rick Buterbaugh
(817) 665-4835

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