Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Quicksilver On Track to Drill 30 Barnett Wells in 2014
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Quicksilver Resources Inc. has reported a second quarter 2014 update on its Barnett Shale operations.
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In late July, Quicksilver reached an agreement to lower the rates assessed for gas lift and gas gathering and processing from midstream providers serving the company's Barnett Shale Asset. Under the terms of the amendment, which is effective June 1, 2014, the rate assessed for gas lift was reduced by as much as 65% for volumes originating from the core dry gas areas in the Barnett Shale. The reductions are expected to lower net production expenses by approximately $1.3 million for the remainder of 2014 and $2.2 million in each of 2015 and 2016. Further, in the southern liquids-rich area of the Barnett Shale, the rate assessed for aggregate gathering and processing was…
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