SOURCE: Quicksilver Resources Inc.

Quicksilver Resources Inc.

January 11, 2011 17:00 ET

Quicksilver Resources Announces Additions to Management Team

FORT WORTH, TX--(Marketwire - January 11, 2011) - Quicksilver Resources Inc. (NYSE: KWK) today announced the following changes to its management team:

John Callanan, 52, has been named Vice President - Geology for the company. Bringing more than 25 years of oil and gas industry experience, Callanan joined Quicksilver in 2005 as Senior Geologist responsible for geologic operations on the company's unconventional resource plays in the U.S., including Quicksilver's former operations in Michigan, Indiana and Kentucky. In this expanded role, Callanan will oversee all of the company's geologic activities, including exploitation and development in the Fort Worth Basin of North Texas and exploratory activities in the Greater Green River, Southern Alberta Bakken and Horn River basins.

Clifford C. Rupnow, 57, has been named Vice President - Midstream Development for the company. Rupnow, who has more than 30 years of experience with midstream operations, joined Quicksilver in 2005. With Quicksilver, Rupnow has held positions of increasing responsibility, most recently leading the business development and administration activities for Quicksilver Gas Services. In this new role, Rupnow will direct all planning and development of infrastructure and market accessibility in each of the basins where the company is operating.

"We believe that these management additions further strengthen Quicksilver's ability to capitalize on the company's demonstrated expertise of identifying and exploiting unconventional resource plays in North America," said Glenn Darden, Quicksilver's president and chief executive officer. 

Callanan and Rupnow are located in Quicksilver's Fort Worth headquarters.

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 coalbed methane, shale gas, 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 www.qrinc.com.

Forward-Looking Statements
The statements in this news release regarding future events, occurrences, circumstances, activities, performance, outcomes and results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although these statements reflect the current views, assumptions and expectations of Quicksilver Resources' management, the matters addressed herein are subject to numerous risks and uncertainties, which could cause actual activities, performance, outcomes and results to differ materially from those indicated. Factors that could result in such differences or otherwise materially affect Quicksilver Resources' financial condition, results of operations and cash flows include: changes in general economic conditions; fluctuations in natural gas, natural gas liquids and crude oil prices; failure or delays in achieving expected production from exploration and development projects; uncertainties inherent in estimates of natural gas, natural gas liquids and crude oil reserves and predicting natural gas, natural gas liquids and crude oil reservoir performance; effects of hedging natural gas, natural gas liquids and crude oil prices; fluctuations in the value of certain of our assets and liabilities; competitive conditions in our industry; actions taken or non-performance by third parties, including suppliers, contractors, operators, processors, transporters, customers and counterparties; changes in the availability and cost of capital; delays in obtaining oilfield equipment and increases in drilling and other service costs; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control; the effects of existing and future laws and governmental regulations, including environmental and climate change requirements; the effects of existing or future litigation; failure to receive a proposal for a transaction to pursue strategic alternatives for us or that any transaction will be approved or consummated; costs and expenses associated with our consideration of potential strategic alternatives, including without limitation, any related litigation expense; as well as, other factors disclosed in Quicksilver Resources' filings with the Securities and Exchange Commission. The forward-looking statements included in this news release are made only as of the date of this news release, and we undertake no obligation to update any of these forward-looking statements to reflect subsequent events or circumstances except to the extent required by applicable law.

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Contact Information

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