Exploration & Production | Quarterly / Earnings Reports | First Quarter (1Q) Update
Quicksilver Drilling 30 Gross Barnett Wells, 5 Horseshoe Canyon
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Quicksilver Resources Inc. has announced preliminary 2014 first-quarter results.
2014 YTD Highlights: Closed sale of Niobrara Asset in Colorado to Southwestern Energy Co. for total cash proceeds of $93.5 million Redeemed outstanding 2015 senior notes and outstanding 2016 senior notes Reduced net debt over the last four quarters by $500 million, excluding the impact of expenses related to debt refinancing in 2013 Increased activity in the Barnett Shale, which is expected to build net Barnett volumes in the second quarter of 2014 by greater than 10% over first-quarter volumes Secured amendment to Fortune Creek agreements to lower gathering rate and defer the capital spending commitment in the Horn River Basin
Glenn Darden, Quicksilver's Chief Executive Officer said: "Quicksilver is making…
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