Profile: Quicksilver Resources Inc (KWK.N)
1.54USD
11:32am EDT
$-0.01 (-0.65%)
$1.55
$1.56
$1.62
$1.52
125,500
696,710
$4.97
$1.44
Quicksilver Resources Inc. (Quicksilver) is an independent oil and gas company engaged primarily in the acquisition, exploration, development and production of onshore oil and gas in North America. The Company focuses primarily on unconventional reservoirs. It operates in two geographic segments: the U.S. and Canada. Its producing oil and gas properties in the United States are principally located in Texas, Colorado, Wyoming and Montana, and in Canada in Alberta and British Columbia. As of December 31, 2011, the Company had total proved reserves of approximately 2.8 trillion cubic feet equivalent (Tcfe). Its production and development operations are concentrated in its three core areas: the Barnett Shale, Horn River and Horseshoe Canyon. During the year ended December 31, 2011, the Company had total production of 150.5 billions of cubic feet equivalent.
As of December 31, 2011, the Company had a total proved undeveloped reserves of 866.4 billions of cubic feet equivalents primarily consists of 835.1 Bcfe in its Barnett Shale Asset. The Company’s principal natural gas and oil properties consist of non-producing and producing oil and gas leases and mineral acreage, including reserves of natural gas and oil in place.
Barnett Shale
As December 31, 2011, the Company had approximately 140,000 net acres in the Barnett Shale. Much of its acreage in Hood and Somervell counties contains high-Btu natural gas. During 2011, it drilled 57 (49.9 net) wells and completed 128 (113.2 net) wells in its Barnett Shale Asset primarily from multi-well drilling pads. As December 31, 2011, the Company had drilled a total of 1,030 (859.4 net) wells in its Barnett Shale Asset. As December 31, 2011, it had two drilling rigs operating in its Barnett Shale Asset.
West Texas
During 2011, the Company continued to build an oil prospective acreage position in the Bone Springs and Wolfcamp formations in the Midland and Delaware basins in West Texas. It holds leases totaling 155,000 acres across Reeves, Pecos, Jeff Davis, Upton, Crockett and Presidio Counties.
Rockies
The Company’s Rocky Mountain assets are located in the Bakken formation in Montana and Wyoming and the Niobrara formation in the Sandwash basin in Colorado. As of December 31, 2011, it had approximately 175,000 net acres in the Bakken formation. As December 31, 2011, it’s proved reserves from these properties were 16.7 billions of cubic feet equivalents. It also holds approximately 260,000 net acres in the Sandwash basin. Total proved reserves in its Sandwash Asset are 0.3 billions of cubic feet equivalents as of December 31, 2011.
Horseshoe Canyon
As December 31, 2011, the Company’s Horseshoe Canyon Asset proved reserves were 231.4 billions of cubic feet equivalents, all of which was natural gas. In its Horseshoe Canyon Asset, as of December 31, 2011, the Company had 49,458 (36,929 net) undeveloped acres.
Horn River
As of December 31, 2011, the Company had four wells producing and 10 wells drilled. Its total proved reserves in its Horn River Asset were 99.3 billions of cubic feet equivalents as of December 31, 2011.
Company Address
Quicksilver Resources Inc
Suite 3700, Unit 19, 801 Cherry
FORT WORTH TX 76102
P: +1817.6655000
F: +1817.6655005
Company Web Links
| Name | Compensation |
|---|---|
W. Yandell Rogers |
-- |
Glenn Darden |
4,488,170 |
John Regan |
-- |
Stan Page |
-- |
Anne Self |
-- |
- Quicksilver Resources cancels IPO because of weak NGL prices
- UPDATE 1-Quicksilver Resources cancels IPO because of weak NGL prices
- Quicksilver Resources posts another loss, cancels IPO
- BRIEF-Quicksilver Resources jumps in premarket after sale of stake in oil and gas assets
- Tokyo Gas to join Texas shale gas upstream project

