Exploration & Production | Capital Markets | Capital Expenditure
Quicksilver Reduces CapEx, Defer Barnett Completions; Testing Niobrara
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Quicksilver Resources Inc., announced preliminary 2012 second-quarter results.
Highlights:
Completed first multi-well pad in Horn River, with individual wells testing in excess of 20 MMcfd Advanced negotiations on two joint ventures Improved well performance and drill/complete costs in the Colorado Niobrara project Reduced second-half 2012 capital expenditures by $50 million and deferred commitments in the Horn River Basin Nearly 50 percent of expected 2013 production hedged at a weighted average price of $5.30/McfOperational Update
Canada - Horn River Basin
Shortly after the end of the second quarter, Quicksilver finalized completion operations on its eight-well drilling pad, its first multi-well pad in the basin. With production curtailed due to the flow limitations of the test…
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