Quicksilver Resources

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Quicksilver Resources Inc.
Type Oil and Gas Producer
Industry Oil and Gas
Genre Exploration and Production
Headquarters Fort Worth, Texas
Employees 500[1]
Divisions Quicksilver Gas Services LP
Website http://www.qrinc.com/

Quicksilver Resources Inc. (NYSE: KWK) is an oil and gas exploration and production company based in Fort Worth, Texas. It has operations in the United States and Canada.

Founded in 1963, the company went public in 1999.[1] It employs approximately 500 people in North America. It is listed in the New York Stock Exchange under the symbol KWK.[2].

On October 18, 2010, Quicksilver Resources announced that it has received a letter of interest from a group called Quicksilver Energy, L.P. indicating an interest in potentially acquiring the Company. The group is controlled by members of the Darden family, including Thomas Darden, Quicksilver Resources’ Chairman of the Board, and Glenn Darden, Quicksilver Resources’ President and Chief Executive Officer.[3] Several law firms have begun investigating whether the proposed acquisition is fair to the Company's shareholders.[4]


Operations

The company has 99% of its production based on natural gas, and 1% on oil. It is involved in upstream exploration and production from the Barnett Shale in the Fort Worth basin, the West Texas Delaware Basin, Coal Bed Methane in southern Alberta and the Horn River Basin in British Columbia.[5] Quicksilver controls midstream gas operations through its subsidiary, Quicksilver Gas Services.

References

  1. ↑ 1.0 1.1 Quicksilver Resources. "Company Fact Sheet". http://www.qrinc.com/about/company_fact_sheet.html. Retrieved 2009-10-03.[dead link]
  2. ↑ Google Finance. "Quicksilver Resources Inc". http://www.google.com/finance?q=NYSE:KWK. Retrieved 2009-10-03.
  3. ↑ "Quicksilver Resources Inc. Announces Receipt of Letter From Investor Group". http://finance.yahoo.com/news/Quicksilver-Resources-Inc-iw-1324875895.html?x=0&.v=1.
  4. ↑ "Quicksilver Resources, Inc. Securities Litigation". http://zlk.com/quicksilver-kwk.html.
  5. ↑ Quicksilver Resources. "Company Data". http://www.qrinc.com/investor_relations/company_data.html. Retrieved 2009-10-03.[dead link]

External links

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