Barnett Shale

Quicksilver Resources Updates Barnett Shale For Fourth Quarter of 2011

Quicksilver Resources (KWK) continued to develop the company’s Barnett Shale properties during the fourth quarter of 2011. The company disclosed the following operational details on recent activity here:

Q4 – 2011

• Drilled 14 gross or 12.4 net wells.
• Put 17 gross or 14.8 net wells onto sales.

2011

• Drilled 57 gross or 49.9 net wells.
• Put 128 gross or 49.9 net wells onto sales.

Quicksilver Resources has 50 gross operated Barnett Shale wells waiting on completion or pipeline.  The company is currently operating two rigs and plans to drop one rig here by the end of March 2012.

In 2012, Quicksilver Resources plans to drill 25 gross or 20 net Barnett Shale wells, and complete 36 gross or 32 net wells.  

Quicksilver Resources Reports On Barnett Shale Activity For Third Quarter of 2011

Quicksilver Resources (KWK) issued an operational update for the third quarter of 2011 on the company’s activities in the Barnett Shale. 

Quicksilver Resources operated two rigs in the Barnett Shale and drilled 13 gross or 11.9 net wells.  The company also put onto sales 44 gross or 38.1 net wells.

Quicksilver Resources reported that the company’s inventory of Barnett Shale wells that are awaiting completion or connection to pipelines stood at 53 as of 9/30/2011.  The company expects this inventory to decline to 50 wells by the end of 2011. 

Quicksilver Resources Updates Barnett Shale Operations For First Quarter Of 2011

Quicksilver Resources (KWK) issued an operational update for the first quarter of 2011 on the company’s development of properties in North Texas that are prospective for the Barnett Shale.  The company has 155,000 net acres under lease with exposure to this play.

Quicksilver Resources operated two rigs in the Barnett Shale during the quarter and drilled 17 gross or 15 net wells.  The company also connected 50 gross or 45.2 net wells to sales during the quarter.

Quicksilver Resources has approximately ninety drilled wells that are waiting on completion or waiting to be connected to pipeline or other infrastructure.  This inventory will be reduced to 45 wells by the end of 2011.