Quicksilver Resources
Encyclopedia
Quicksilver Resources Inc. is an oil and gas exploration and production company based in Fort Worth, Texas
. It has operations in the United States
and Canada
.
Founded in 1963, the company went public
in 1999. It employs approximately 500 people in North America. It is listed in the New York Stock Exchange
under the symbol KWK..
On October 18, 2010, Quicksilver Resources announced that it has received a letter of interest from a group called Quicksilver Energy, L.P. indicating an interest in potentially acquiring the Company. The group is controlled by members of the Darden family, including Thomas Darden, Quicksilver Resources’ Chairman of the Board, and Glenn Darden, Quicksilver Resources’ President and Chief Executive Officer. Several law firms have begun investigating whether the proposed acquisition is fair to the Company's shareholders.
. It is involved in upstream exploration and production from the Barnett Shale
in the Fort Worth basin, the West Texas Delaware Basin
, Coal Bed Methane in southern Alberta
and the Horn River Basin
in British Columbia
. Quicksilver controls midstream
gas operations through its subsidiary, Quicksilver Gas Services.
Fort Worth, Texas
Fort Worth is the 16th-largest city in the United States of America and the fifth-largest city in the state of Texas. Located in North Central Texas, just southeast of the Texas Panhandle, the city is a cultural gateway into the American West and covers nearly in Tarrant, Parker, Denton, and...
. It has operations in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
and Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Founded in 1963, the company went public
Public company
This is not the same as a Government-owned corporation.A public company or publicly traded company is a limited liability company that offers its securities for sale to the general public, typically through a stock exchange, or through market makers operating in over the counter markets...
in 1999. It employs approximately 500 people in North America. It is listed in the New York Stock Exchange
New York Stock Exchange
The New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
under the symbol KWK..
On October 18, 2010, Quicksilver Resources announced that it has received a letter of interest from a group called Quicksilver Energy, L.P. indicating an interest in potentially acquiring the Company. The group is controlled by members of the Darden family, including Thomas Darden, Quicksilver Resources’ Chairman of the Board, and Glenn Darden, Quicksilver Resources’ President and Chief Executive Officer. Several law firms have begun investigating whether the proposed acquisition is fair to the Company's shareholders.
Operations
The company has 99% of its production based on natural gas, and 1% on oilPetroleum
Petroleum or crude oil is a naturally occurring, flammable liquid consisting of a complex mixture of hydrocarbons of various molecular weights and other liquid organic compounds, that are found in geologic formations beneath the Earth's surface. Petroleum is recovered mostly through oil drilling...
. It is involved in upstream exploration and production from the Barnett Shale
Barnett Shale
The Barnett Shale is a geological formation located in the Bend Arch-Fort Worth Basin. It consists of sedimentary rocks of Mississippian age in Texas...
in the Fort Worth basin, the West Texas Delaware Basin
Delaware Basin
The Delaware Basin in West Texas and southern New Mexico is famous for holding large oil fields and for exposing a fossilized reef. Guadalupe Mountains National Park and Carlsbad Caverns National Park protect part of the basin...
, Coal Bed Methane in southern Alberta
Southern Alberta
Southern Alberta is a region located in the Canadian province of Alberta. As of the year 2004, the region's population was approximately 272,017. The primary cities are Lethbridge and Medicine Hat...
and the Horn River Basin
Horn River Formation
The Horn River Formation is a stratigraphical unit of Devonian age in the Western Canadian Sedimentary Basin.It takes the name from the Horn River, a tributary of the Mackenzie River, and was first described in outrop on the banks of Horn River in the Northwest Territories by Whittaker in 1922...
in British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
. Quicksilver controls midstream
Midstream
The petroleum industry is usually divided into three major components: upstream, midstream and downstream. Midstream operations are usually included in the downstream category....
gas operations through its subsidiary, Quicksilver Gas Services.