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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, 2008)

  • 2.2 trillion cubic feet equivalent (Tcfe)
  • Long-life reserve to production index of 23 years
  • 63% of reserves are proved developed, representing nearly 1.4 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:

  • 1.9 Tcfe proved reserves as of December 31, 2008
  • Approximately 173,000 net acres in the company's core operating fairway
  • Estimated additional recoverable resources of more than 3 Tcfe
  • Capital drilling budget for 2009 of approximately $400 million
  • Plan to drill approximately 100 gross wells using five rigs and completing approximately 70 wells in 2009

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 325 million cubic feet per day (MMcf/d) of processing capacity
  • For more information on KGS visit www.kgslp.com

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

  • 332 billion cubic feet equivalent (Bcfe) proved reserves as of December 31, 2008
  • 340,000 net acres
  • First commercial CBM sales production reported in Canada
  • Plans for 2009 include drilling approximately 145 gross (42 net) operated wells

Horn River Basin (British Columbia):

  • 127,000 net acres
  • Plans for 2009 include drilling, completing and testing two horizontal wells

West Texas Delaware Basin:

  • 350,000 net acres

Significant management ownership