SOURCE: Quicksilver Resources Inc.

Quicksilver Resources Inc.

December 07, 2009 18:26 ET

Quicksilver Resources Provides Update on BreitBurn Litigation

FORT WORTH, TX--(Marketwire - December 7, 2009) -  Quicksilver Resources Inc. (NYSE: KWK) today announced the following in connection with the company's Notice of Nonsuit Without Prejudice against certain directors of BreitBurn Energy Partners L.P. and Provident Energy Trust filed on November 25, 2009:

  • Quicksilver voluntarily nonsuited several present and former directors of BreitBurn as named individual defendants in the pending lawsuit Quicksilver has in Fort Worth against BreitBurn and Provident. This dismissal paves the way for a trial on the merits of all of Quicksilver's claims against BreitBurn and Provident in April 2010.
  • The voluntary dismissal without prejudice by Quicksilver has no effect on the claims which it has in the suit against BreitBurn and Provident, and Quicksilver continues to fully prosecute those claims.
  • Mr. Breitenbach and Mr. Washburn, who are co-chief executive officers of BreitBurn, were not dismissed as individual defendants as to the damage claims in the case regarding Quicksilver's claims of fraud related to its initial investment in BreitBurn and they remain as individual defendants on those claims.
  • This dismissal has no effect on the court's partial summary judgment in favor of Quicksilver, entered on November 25, 2009, that certain provisions in the partnership agreement amendment are invalid and violate the partnership agreement.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude oil exploration and production company engaged in the development and acquisition of long-lived, unconventional natural gas reserves, including shales, coalbed methane, and tight sands gas in North America. The company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta. For more information about Quicksilver Resources, visit

KWK 09-22

Contact Information

  • Investor & Media Contact:
    Rick Buterbaugh
    (817) 665-4835