Exploration & Production | Quarterly / Earnings Reports
Quicksilver Plans Eight Niobrara Wells; Slows Texas Ops
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Quicksilver Resources Inc. has reported its first quarter 2013 U.S. operational results.
Barnett ShaleThe company did not conduct development activity in the first quarter, but expects to drill up to 10 wells in the Barnett beginning in the third quarter, which is consistent with the timing contemplated by the 2013 capital budget.
TG will have the right to participate in 25% of Barnett capital spending. The company does not believe the joint venture with TG will cause a near-term acceleration of drilling activity.
Sand Wash BasinThe company expects to participate in the drilling and completion of up to eight Sand Wash wells in 2013.
Quicksilver holds approximately 167,000 net acres in the Sand Wash Basin, which the company believes is prospective of oil production from the Niobrara…
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