Exploration & Production | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Quicksilver Evaluating West TX Acreage; Details Barnett JV, Niobrara Deal
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Quicksilver Resources Inc. has reports its fourth quarter and year-end 2013 update on its U.S. operations, including the Barnett Shale, West Texas and the Niobrara Shale.
United States - Barnett ShaleProduction from the Barnett Shale in the fourth quarter of 2013 was an average of 166.7 MMcfe per day. The company invested approximately $6 million in the fourth quarter to drill 11 gross (4 net) wells in the Barnett including 6 gross (3 net) wells in its Alliance leasehold. These wells are expected to be completed in the first quarter of 2014.
For full-year 2014, the company expects to drill up to 30 gross (16 net) wells and complete up to 47 gross (26 net) wells.
Along with partners Tokyo Gas and Eni, Quicksilver leases approximately 135,000 gross acres in the Fort Worth Basin which is…
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