On Wednesday the U.S. Bankruptcy Court in Delawareapproved the sale of Quicksilver Resources Inc.‘s U.S. oil/gas assets for $245 million to Tulsa-based private equity firm BlueStone Natural Resources II(see Shale Daily, Jan. 25). The sale was consummated in a bankruptcy court-approved auction that Quicksilver held earlier this month. The sale included U.S. oil and natural gas assets located primarily in the Barnett Shale in the Fort Worth Basin of North Texas, as well as assets in the Delaware Basin in West Texas that are concentrated in Pecos County, TX, and to a lesser extent Crockett and Upton counties. Quicksilver’s Canadian assets are not part of the bankruptcy and will be sold separately, the company said.
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