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Operational Updates

Quicksilver Barnett and Horn River Ops

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Operational Update

In the Barnett Shale, the company drilled 20 (17.8 net) operated wells and connected 38 (27.3 net) operated wells to sales during the fourth quarter. For full-year 2010, the company drilled 96 (81.6 net) operated wells and connected 116 (93.2 net) operated wells to sales. At year end 2010, Quicksilver had an inventory of 121 operated wells that were drilled but uncompleted in the Barnett Shale.

During 2010 in the Horseshoe Canyon area of Alberta, Canada, the company drilled 14 (9.9 net) wells and connected 54 (36.6 net) wells to sales lines. As previously announced, in October 2010, Quicksilver acquired interests in an additional 47,000 gross (21,700 net) acres in the Joffre area of the Horseshoe Canyon, where the company already operates. The $22 million acquisition…

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