SOURCE: Quicksilver Resources Inc.

Quicksilver Resources Inc.

May 23, 2012 16:30 ET

Quicksilver Resources Receives Affirmation of $1.1 Billion Borrowing Base

FORT WORTH, TX--(Marketwire - May 23, 2012) - Quicksilver Resources Inc. (NYSE: KWK) today announced that its bank group has re-affirmed the global borrowing base on the company's Combined Credit Agreements at $1.1 billion, based upon oil and gas reserves as of December 31, 2011. The company had $679 million available under this facility at March 31, 2012. JPMorgan Chase Bank, N.A. led the group of 20 lenders.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including gas from shales and coal beds in North America. The company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas; Steamboat Springs, Colorado 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 12-12

Contact Information

  • Investor & Media Contact:
    John Hinton
    (817) 665-4990