Quicksilver Resources: Don't Be a Stranger
Towards the beginning of this year, we did a lot more reporting on Quicksilver Resources. However, we haven’t been hearing much about them lately. So what have they been up to? So what have they been up to? Here is an update from Steve Zachritz who has put together all the details.
"The Core Plays …
The Barnett Shale Remains Its King Pin:
155,000 net acres in four areasThis represents 2.6 of the company’s 2.7 Tcfe proved reservesIt calls less than half of its position developed leaving a 10+ year inventory.81% of 1Q11 productionPlan here remains to grow low cost production and the older wells now provide a stable base of cash flow as declines shallow out. For 2011, it is looking to grow it 20%.
Horseshoe Canyon – (Canada – CBM gas)316,000 net acres15% of total 1Q11 production, coalbed methane, typical manufacturing operation.Plan: minimize declines and funnel cash from here to Horn River development."
Find additional research here: http://turnkeyoil.com/2011/06/28/quicksilver-resources-dont-be-a-stranger/