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, 2009)
- 2.4 trillion cubic feet equivalent (Tcfe)
- Long-life reserve to production index of 20 years
- 68% of reserves are proved developed, representing approximately 1.6 Tcfe
- 99% of reserves are natural gas or natural gas liquids
Significant upside potential via the Fort Worth Basin Barnett Shale:
- 2.1 Tcfe proved reserves as of December 31, 2009
- Approximately 162,000 net acres in the company's core operating fairway
- Estimated additional recoverable resources of approximately 3 Tcfe
- Capital drilling program for 2010 of approximately $340 million
- Plan to drill approximately 100 gross wells using four rigs and completing approximately 130 wells in 2010
Control of operating infrastructure thru Quicksilver Gas Services(KGS):
- 61% 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:
- 253 billion cubic feet equivalent (Bcfe) proved reserves as of December 31, 2009
- 342,000 net acres
- First commercial CBM sales production reported in Canada
- Plans for 2010 include drilling 36 gross (29 net) operated wells
Horn River Basin (British Columbia):
- 130,000 net acres
- Plans for 2010 include drilling, completing and testing two additional horizontal wells
Greater Green River Basin (CO & WY) :
- 78,000 net acres
Southern Alberta Bakken Basin (MT) :
- 130,000 net acres
Significant management ownership