2010 Annual Shareholders Meeting May 19, 2010 Fort Worth, Texas Glenn Darden President and CEO
Quicksilver continues to be: a low-cost, high-growth developer and producer of natural gas from unconventional reservoirs in North America
2009 Results Met our stated goals set new records Quicksilver Resources Inc. Self-funded capital program Generated record cash from operations - 612 MM Grew production 23% to 325 MMcfed Reduced unit operating costs Reduced net…
2010 Goals Quicksilver Resources Inc. Operate within cash inflows Grow production 11%-14% Maintain low unit cost structure Continued validation of Horn River Basin exploratory acreage position Reduce net debt per Mcfe…
Proven Growth Assets Operations in proven unconventional reservoirs onshore in North America Quicksilver Resources Inc. Horn River Basin 130,000 net acres Horseshoe Canyon CBM High-potential 342,000 net acres growth area 253…
Production Forecast MMcfe/d Identified projects in Fort Worth Basin Quicksilver Resources Inc. offer low-risk, low-cost growth 450 410 R CAG 400 % 365 350 25 325 300 263 250 200 151 150 100 50 0 2007 2008 2009…
Financially Sound Quicksilver Resources Inc. Low full-cycle cost structure 2009 PD F&D cost of 1.27/mcfe Operating costs of 1.35/mcfe Strong hedge position in 2010 and expanding hedges for 2011 & 2012 Borrowing base of 1B…
2009 Proved Developed F&D Costs /Mcfe Quicksilver Resources Inc. Quicksilver consistently delivers 10 reserves additions at one of the 8 lowest costs in the industry 6 4 Median: 3.63 2 0 K Peer Companies W K .27 1…
Strong 2010 Hedge Position Underpins capital program through stabilization and predictability of cash flow Quicksilver Resources Inc. 350 300 68% of 250 Gas Hedged Avg. Floor 7.40 MMcfe/d 200 150 85% of NGL hedged…
Quicksilvers Fort Worth Basin The combo play that industry is seeking Quicksilver Resources Inc. 3 Tcfe of unbooked resources High-value structure Low royalty / High netbacks Fort Worth Denton 1.10 / Mcfe of cash production…
Fort Worth Basin Northern Assets Thick shale of high-deliverability dry gas Quicksilver Resources Inc. Denton 18,000 acres of thick shale 1 Tcf (net) of dry gas resource High-value Alliance structure Two rigs working KWK…
Fort Worth Basin Southern Fairway High-Btu gas creates very attractive returns Quicksilver Resources Inc. Parker Tarrant Johnson 150 feet of Hood Dry Gas Barnett pay Core Fairway 1250 BTU gas Erath Somervell Development…
Horseshoe Canyon Coalbed Methane Alberta, Canada Quicksilver Resources Inc. Edmonton T50 Reserves: 253 Bcfe (12/31/09) Dry coals T45 342,000 net acres 80% developed 1,200 potential drilling T40 Red Deer locations 250…
New Ventures High-potential exploration offers significant opportunities to materially increase Quicksilvers resource potential
Horn River Basin Exploration Quicksilver Resources Inc. Exploratory Operations British Columbia, Canada C-29-D flare while running casing in Muskwa lateral Rate estimated at up to 11 MMcf/d
Horn River Basin Quicksilver is the most levered player to this high-potential basin that industry has now proven Quicksilver Resources Inc. KWKs Position Quicksilver 130k acres 130,000 net acres: 20 licenses w/100% Devon…
Montana Southern Alberta Bakken Secure acreage position allows the play Quicksilver Resources Inc. come to Quicksilver 130,000 net acres; held by production Glacier Option on Toole additional acreage Bakken formation…
Quicksilver has the plan in place to realize significant upside value for our investors
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