Quicksilver Resources Inc.Quicksilver Resources Inc.
Company Data

Public company since March 1999, after operating as a private independent for 36 years

Industry-recognized expertise in unconventional gas reservoirs including fractured shales, coals and tight sands

High-quality oil and gas reserve base*: (As of December 31, 2007)

  • 1.55 trillion cubic feet equivalent (Tcfe)
  • Long-life reserve to production index of 20 years
  • 62% of reserves are proved developed, representing nearly 1 Tcfe
  • 99% of reserves are natural gas or natural gas liquids
*  On November 1, 2007 the company contributed all assets and operations in Michigan, Indiana and Kentucky to BreitBurn Energy Partners L.P. (BBEP) in exchange for $750 million in cash and 21.348 million common units of BBEP.

Significant upside potential via the Fort Worth Basin Barnett Shale:

  • 1.2 Tcfe proved reserves as of December 31, 2007
  • Approximately 160,000 net acres in the company’s core operating fairway
  • Estimated additional recoverable resources of more than 4 Tcfe
  • Capital drilling budget for 2008 of approximately $550 million
  • Plan to drill more than 200 net wells using approximately 13 rigs in 2008

Control of operating infrastructure thru Quicksilver Gas Services (KGS):

  • 73% ownership of Quicksilver Gas Services (a master limited partnership) including 100% of general partner interest
  • KGS gathers and processes natural gas within Quicksilver’s core operating area in the Fort Worth Basin
  • KGS has approximately 200 million cubic feet per day (MMcf/d) of processing capacity
  • Constructing a third processing facility; 125 MMcf/d to be operational in 1Q-09
  • For more information on KGS visit www.kgslp.com

Continued growth in the Canadian coal bed methane (CBM) ventures:

  • 328 billion cubic feet equivalent (Bcfe) proved reserves as of December 31, 2007
  • 340,000 net acres
  • First commercial CBM sales production reported in Canada
  • Plans for 2008 include drilling approximately 265 gross (165 net) operated wells and the construction of one new facility

West Texas Delaware Basin:

  • 375,000 net acres
  • Drilled three resource assessment wells in 2007
  • Drilling plans for 2008 include approximately six additional resource assessment wells

Significant management ownership