The “buy Canadian” bug reached Fort Worth, TX-based QuicksilverResources yesterday as it announced the purchase of controllinginterest in Alberta-based MGV Energy. No terms of the transactionwere disclosed. MGV currently produces 1.2 MMcf/d and has 5 Bcf ofproven producing reserves. The move gives Quicksilver, whichproduces over 50 MMcf/d from developments in Montana, Michigan,Wyoming and Texas, a Canadian presence. “This is the first of manysteps we will undertake in Canada,” said Porter Farrell, aQuicksilver spokesman. “We’ve been very aggressive in establishinga core area up there and are intent on growing it.”

©Copyright 1999 Intelligence Press Inc. All rights reserved. Thepreceding news report may not be republished or redistributed, inwhole or in part, in any form, without prior written consent ofIntelligence Press, Inc.