One-Page Deal Sheet
Quicksilver Lets Go of Montana Cut Bank Position
Synergy Offshore Llc Quicksilver Resources Inc.
Announced Date
July 06,2013
Effective Date
January 01,2013
Close Date
August 30,2013
Transaction Type
Property
Enterprise Value (EV)($MM)
46
Location
Calculated Metrics( EV/Category)
Region
Williston Basin
Country
United States
State
Montana
Play
Production & Reserves Reserves
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - August 30, 2013
Quicksilver Resources Inc. has closed the sale of its previously announced Montana Asset on August 30, 2013 to Synergy Offshore LLC for a sales price of $46 million.
The effective date of the transaction is January 1, 2013. Synergy's ratable share of production and operating expenses from the effective date to the closing date, as well as other customary closing adjustments, amounted to approximately $4 million, resulting in net proceeds to Quicksilver of $42 million.
Proceeds from the sale were used to reduce amounts outstanding under the company's…
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