One-Page Deal Sheet
Quicksilver Gains Partner for Barnett Shale Project
Tokyo Gas Co., Ltd. Quicksilver Resources Inc.
Announced Date
March 01,2013
Effective Date
September 01,2012
Close Date
April 30,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
485
Asset/Basin:
{"Fort Worth Basin","Barnett Shale"}
TargetZones:
{"Barnett Shale"}
Net Acres
Transaction Details: Subscribe to see
Closing Announcement - May 1, 2013
Quicksilver Resources Inc. has reported the closing of the previously announced Barnett sale to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd., and the closing of an amendment to its credit facility.
"We welcome Tokyo Gas as a partner in our Barnett Shale project. Together, we anticipate efficiently developing natural gas volumes over many years. This sale is also an important step in realizing value for that asset base," said Quicksilver CEO Glenn Darden. "In addition, our newly amended credit facility has created significant…
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