QUICKSILVER RESOURCES INC
SymbolKWK

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Quicksilver Resources on Pace for Record Production Year

2009-11-02 08:29 ET - News Release

FORT WORTH, TX -- (MARKET WIRE) -- 11/02/09

Quicksilver Resources Inc. (NYSE: KWK) today announced that its current average daily production is approximately 340 million cubic feet of natural gas equivalent (MMcfe), up approximately 10% from its average third-quarter 2009 rate of approximately 311 MMcfe per day. The company remains on pace to produce an average of more than 325 MMcfe per day in 2009, another company record and up more than 24% from the prior-year rate. The growth in volumes is being fueled by continued development of the Barnett Shale formation in the Fort Worth Basin, primarily from company-operated projects at Alliance and Lake Arlington. These two projects, which produce dry gas from Tarrant and Denton counties, complement the company's ongoing activities in the liquids-rich southern portion of the basin, where improved efficiencies have increased the extraction of natural gas liquids (NGLs) approximately 9%, to approximately 125 barrels per million cubic feet (MMcf) of gas processed.

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