One-Page Deal Sheet
Quicksilver Resources Acquires Various Barnett Shale Assets
Quicksilver Resources Inc. Chief Resources Llc, Collins and Young, L.L.C., Hillwood Oil & Gas, L.P.
Announced Date
July 07,2008
Close Date
August 08,2008
Transaction Type
Property
Enterprise Value (EV)($MM)
1307
Asset/Basin:
{"Barnett Shale","Fort Worth Basin"}
TargetZones:
{"Barnett Shale"}
Net Acres
Transaction Details: Subscribe to see
Quicksilver Resources Inc. has entered agreements with various private parties including Chief Resources LLC, Hillwood Oil & Gas LP, and Collins and Young LLC to acquire assets associated with the Barnett Shale formation in northern Tarrant and southern Denton counties of Texas, for $1.307 billion.
The acquired properties currently have net production of nearly 45 million cubic feet (MMcf) per day. Quicksilver estimates that these properties contain more than one trillion cubic feet of recoverable natural gas resources including roughly 350 billion cubic feet (bcf) of proved reserves, of which…
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