SOURCE: Quicksilver Resources Inc.

October 15, 2008 23:00 ET

Quicksilver Resources Announces Recent Events

FORT WORTH, TX--(Marketwire - October 15, 2008) - Quicksilver Resources Inc. (NYSE: KWK) announced today that during the past three days Quicksilver Energy L.P., a private partnership owned by the Darden family, the largest shareholder of Quicksilver Resources, has sold approximately 4 million common shares of Quicksilver Resources Inc., of which approximately 1.9 million shares were purchased by the company.

"This transaction satisfies all of the family's outstanding issues associated with debt collateralized by Quicksilver Resources stock, with the family retaining 93% of its original holdings in Quicksilver Resources," said Glenn Darden. "The Darden family, through Quicksilver Energy L.P., individual ownership, and trusts still owns more than 52 million shares of Quicksilver Resources representing greater than 31% of the company's outstanding common stock. We remain fully committed to the strength of the company's assets, financial performance, and the team responsible for its remarkable record of growth."

KWK 08-24

Contact Information

  • Investor & Media Contact:
    Quicksilver Resources Inc.
    Rick Buterbaugh
    (817) 665-4835