Bankrupt Quicksilver Resources seeks sale

Quicksilver Resources Inc., a Ft. Worth independent producer focused on unconventional resources that filed for bankruptcy in March, is for sale (OGJ Online, Mar. 18, 2015).

The company filed a motion with the US Bankruptcy Court for the District of Delaware seeking approval of bidding for all or part of its US and Canadian assets.

According to documents filed in association with the motion, Quicksilver has US proved natural gas-equivalent reserves of 949 bcf in the Barnett shale and West Texas, nearly all in the Barnett, and Canadian proved reserves of 282 bcf in Horseshoe Canyon and the Horn River basin, 80% in Horseshoe Canyon.

The company’s Canadian subsidiary, Quicksilver Resources Canada Inc., is working under a forbearance agreement with first-lien secured lenders.

Quicksilver and subsidiaries expect to continue normal operations.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...