Capital Markets | Capital Expenditure
Quicksilver 2012 CapEx $370 Million, Barnett Shale, Horn River
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Quicksilver Resources Inc. (NYSE: KWK) announced today that it intends to spend approximately $370 million in 2012 for drilling and completion and related oil and gas activities. This projected spending includes approximately $302 million for drilling and completion activities, $46 million for gathering and $22 million for leasehold.
On a project basis, approximately $108 million is anticipated to be spent in the Fort Worth Basin, predominately in the liquids-rich southern acreage, $180 million in Canada and $82 million in emerging oil plays in the Sandwash Basin in Colorado and the Permian/Delaware basins in West Texas.
These figures do not include approximately $40 million of overhead and interest expense that may be ordinarily capitalized, and corporate and administrative capital.
“Quic…
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