Key Developments: Quicksilver Resources Inc (KWK)
24 May 2013
Latest Key Developments (Source: Significant Developments)
Quicksilver Resources Inc. announced that for the third quarter of 2011, it expects production volume to average in the range of 425 MMcfe to 435 MMcfe per day. Full Article
Quicksilver Resources Inc. Announces Commencement of Public Offering for 7,000,000 Units of Breitburn Energy Partners L.P.
Quicksilver Resources Inc. announced that a registered underwritten public offering of 7,000,000 units of BreitBurn Energy Partners L.P. (BBEP). The underwriters will have a 30-day option to purchase up to 1,050,000 additional units to cover over allotments. Net proceeds from the offering are expected to be used to pay down a portion of the outstanding borrowings under Quicksilver's senior secured credit facility and for general corporate purposes. Quicksilver currently owns approximately 15,600,000 units of BBEP. Deutsche Bank Securities, BofA Merrill Lynch, Citi and Wells Fargo Securities, are acting as joint book-running managers for the offering. Full Article
- Quicksilver Resources Inc reported a loss for the fifth straight quarter due to weak prices for natural gas liquids, and said it would withdraw the $250 million initial public offering of a master limited partnership (MLP).