Exploration & Production | Operational Updates
Quicksilver Resources Operating Only One Rig In Barnett Shale
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Quicksilver Resources Inc. announced preliminary 2012 first-quarter results.
Production
Production averaged 377 million cubic feet of natural gas equivalent (MMcfe) per day during the first quarter, down from 392 MMcfe per day in the prior-year quarter. The decline is primarily due to the natural production decline of existing wells, a reduction of drilling and completion activity in the Barnett Shale, as 50 wells were connected to sales in the first quarter of 2011 versus 8 wells connected to sales in the first quarter of 2012. The production volumes for the 2012 quarter were 80% natural gas and 20% natural gas liquids (NGLs), crude oil and condensate.
Q1 2012 Operational Update
United States - Barnett Shale
Quicksilver drilled 12 (10.6 net) wells and connected 8 (8 net) wells to sales…
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