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Quicksilver Sees Drop in Horn River, Horseshoe Canyon Output
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Quicksilver Resources Inc. has reported a third quarter 2014 update on its Canadian operations.br />
Horseshoe CanyonThe company invested approximately $5 million in the third quarter to drill 16 gross (10 net) wells and complete 5 gross (5 net) wells.
Production from the Horseshoe Canyon was 4.2 Bcf in the third-quarter 2014, or an average of 45.8 MMcfd, compared to 4.6 Bcf, or an average of 49.5 MMcfd in the 2013 quarter. The decline is the result of a delay in the commencement of the drilling and completion program due to an extended break-up period.
For full-year 2014, the company expects to invest $12 million to drill and complete up to 50 gross (30 net) wells.
Quicksilver leases approximately 528,000 gross (353,000 net) acres in its Horseshoe Canyon Asset in Alberta.
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