SOURCE: Quicksilver Resources Inc.

Quicksilver Resources Inc.

May 19, 2010 09:00 ET

Quicksilver Resources Receives Affirmation of $1.0 Billion Borrowing Base; Announces Upcoming Energy Conference Presentations

FORT WORTH, TX--(Marketwire - May 19, 2010) -  Quicksilver Resources Inc. (NYSE: KWK) today announced that its bank group has re-affirmed the borrowing base on the company's senior secured revolving credit facility at $1.0 billion, based upon oil and gas reserves as of December 31, 2009. The company currently has approximately $490 million outstanding under this facility. JPMorgan Chase Bank, N.A. and Bank of America, N.A. led the group of 24 lenders. 

Quicksilver also announced that members of its senior management team will present at the following upcoming energy conferences:

  • UBS Energy Conference on May 26, 2010 at 11:55 a.m. central 
  • RBC Energy Conference on June 7, 2010 at 9:30 a.m. central
  • Macquarie Energy Conference on June 15, 2010 at 8:00 a.m. central

Interested parties may listen to the presentations via a link to the live webcast presentation that will be available at www.qrinc.com. A replay of the presentation will be available for 30 days following the presentation.

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.

KWK 10-08

Contact Information

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