FORT WORTH, TX -- (Marketwire) -- 10/15/08 -- Quicksilver Resources Inc. (NYSE: KWK)
announced today that during the past three days Quicksilver Energy L.P., a
private partnership owned by the Darden family, the largest shareholder of
Quicksilver Resources, has sold approximately 4 million common shares of
Quicksilver Resources Inc., of which approximately 1.9 million shares were
purchased by the company.
"This transaction satisfies all of the family's outstanding issues
associated with debt collateralized by Quicksilver Resources stock, with
the family retaining 93% of its original holdings in Quicksilver
Resources," said Glenn Darden. "The Darden family, through Quicksilver
Energy L.P., individual ownership, and trusts still owns more than 52
million shares of Quicksilver Resources representing greater than 31% of
the company's outstanding common stock. We remain fully committed to the
strength of the company's assets, financial performance, and the team
responsible for its remarkable record of growth."
KWK 08-24
Investor & Media Contact:
Quicksilver Resources Inc.
Rick Buterbaugh
(817) 665-4835