Company Fact Sheet
We are an independent oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and natural gas in North America and are based in Fort Worth, Texas. We focus primarily on unconventional reservoirs where hydrocarbons may be found in challenging geological conditions, such as fractured shales and coalbeds. We have U.S. offices in Fort Worth, Texas and Glen Rose, Texas. Our Canadian subsidiary, Quicksilver Resources Canada Inc., is located in Calgary, Alberta. Quicksilver Resources Inc. common shares are quoted on the OTC Pink marketplace under the ticker symbol "KWKAQ".
Our four core development and exploration areas include the Barnett Shale, Horn River and Horseshoe Canyon and our oil exploration opportunity in the Delaware basin in western Texas. We actively study these basins and other basins in North America, which may result in future oil and natural gas acquisitions.
In the Barnett, our proved reserves are approximately 0.8 Tcfe as of year-end 2014. We have approximately 89,000 net acres which is divided between the dry gas areas in Tarrant and Denton counties in the northern part of the Fort Worth Basin, and the high-Btu natural gas areas in Hood and Somervell counties in the southern part of the basin. Average production was 161 MMcfe per day from the Barnett Shale in 2014. We have partnerships with Tokyo Gas and Eni in this area.
In the Horn River, proved reserves are approximately 67 Bcf as of year-end 2014. We have 126,000 net acres in this play, of which virtually all is leased under a 10-year term. Average production was 39 MMcfe per day in 2014 from the Horn River. In 2013, we acquired a site in Campbell River, British Columbia which we believe is an ideal location for an LNG export facility. In July 2014, we filed an export license application with the National Energy Board of Canada to export up to 20 Mtpa of LNG from our site.
The Horseshoe Canyon is characterized by slow decline coalbeds. Proved reserves are approximately 211 Bcfe as of year-end 2014. We have 343,000 net acres in this play. Average production was 47 MMCfed in 2014 from the Horseshoe Canyon.
We have exploration opportunities in our West Texas asset located in the Delaware and Midland basins which we believe is prospective of oil from the Wolfcamp and Bone Springs formations. With our joint venture partners, Eni and another undisclosed partner, we are focused on approximately 60,000 gross acres in Pecos County where we have completed four wells as of March 31, 2015. We are in discussions with Eni to drill and complete four additional wells in 2015 in our West Texas Asset; however, any such agreement is subject to the approval of various parties. In addition, we executed a joint exploration agreement with another undisclosed partner in Crockett and Upton counties where we retain a 12.5% interest in the project or approximately 2,000 net acres.
801 Cherry Street
Suite 3700, Unit 19
Fort Worth, TX 76102
Phone: (817) 665-5000
Fax: (817) 665-5004
Web site: www.qrinc.com
Director - Investor Relations
Phone: (817) 665-4023