One-Page Deal Sheet
Quicksilver Picks Up WI in Sand Wash Basin Acreage
Quicksilver Resources Inc. Shell plc
Announced Date
January 04,2013
Effective Date
September 20,2012
Close Date
December 28,2012
Transaction Type
Property
Location
Country
United States
State
Colorado
Transaction Details: Subscribe to see
Quicksilver Resources Inc. has closed the previously-announced Acquisition and Exploration Agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc, on December 28, 2012.
Quicksilver now owns a 50% interest in approximately 320,000 net acres in the Sand Wash Basin in Northwest Colorado, which will be jointly developed with SWEPI. The Agreement also established an Area of Mutual Interest covering in excess of 850,000 acres in the basin. SWEPI paid Quicksilver an equalization payment for 50% of the acreage contributed by Quicksilver in excess of the acreage that SWEPI contributed…
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