One-Page Deal Sheet
Southwestern Enters Niobrara Play; Sizable Acreage Package
Southwestern Energy Co. Quicksilver Resources Inc., Shell plc
Announced Date
March 05,2014
Effective Date
January 01,2014
Close Date
May 01,2014
Transaction Type
Property
Enterprise Value (EV)($MM)
180
Location
Calculated Metrics( EV/Category)
Region
Rockies
Country
United States
State
Colorado
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Subscribe to see
Closing Announcement - May 1, 2014
Quicksilver Resources Inc. has announced it closed on the previously announced sale to Southwestern Energy Production Company of its jointly owned holdings with SWEPI LP in the Sand Wash Basin for gross cash proceeds of $180 million.
Quicksilver received total cash proceeds of $93.5 million per the conditions as set forth in the purchase and sale agreement, which includes a deposit of $4.5 million received on March 4, 2014 when the agreement was executed.
The effective date of the sale is January 1, 2014. Quicksilver's first-quarter 2014 results will not…
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