FORT WORTH, TX -- (Marketwire) -- 07/31/09 -- Quicksilver Resources Inc. (NYSE: KWK)
announced today the successful completion of its consent solicitation
launched on July 22, 2009 associated with its 1.875% Convertible
Subordinated Debentures Due 2024. Pursuant to the completion of the
consent solicitation, the indenture governing the debentures will be
amended to provide Quicksilver with greater strategic and operational
flexibility, including greater flexibility to grow and expand the
operations of Quicksilver Gas Services Holdings LLC, Quicksilver Gas
Services LP, its general partner, Quicksilver Gas Services GP LLC, and its
subsidiaries.
The consent solicitation expired at 5:00 p.m., New York City time on July
31, 2009. Quicksilver received the requisite consents for the consent
solicitation and has accepted for payment all valid consents received prior
to the expiration time.
BofA Merrill Lynch acted as the sole solicitation agent for the consent
solicitation. Questions concerning the solicitation should be directed to
BofA Merrill Lynch at (888) 292-0070 (toll free) or (980) 388-4603
(collect).
This press release is for information purposes only and is not being made
in any jurisdiction in which the making of this announcement would violate
the laws of such jurisdiction.
About Quicksilver Resources
Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude
oil exploration and production company engaged in the development and
acquisition of long-lived, unconventional natural gas reserves, including
coalbed methane, shale gas, and tight sands gas in North America. The
company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut
Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources
Canada Inc., is headquartered in Calgary, Alberta. For more information
about Quicksilver Resources, visit www.qrinc.com.
KWK 09-11
Investor & Media Contact:
Quicksilver Resources Inc.
Rick Buterbaugh
(817) 665-4835