Mountrail

Fort Worth-based Quicksilver Resources Inc. reported 2010 net income of $435.1 million ($2.45/share) compared to a net loss of $557.5 million (minus $3.30 share) for 2009. The 2009 net loss was primarily attributable to a $656 million after-tax impairment charge on oil and gas properties. For 2010 production averaged 355.2 MMcfe/d, up 9% from 2009, primarily driven by higher volumes from the Barnett Shale. The 2010 production volumes were 79% natural gas, 20% natural gas liquids (NGL) and 1% crude oil and condensate. Sales of natural gas, NGLs and crude oil totaled $856.3 million, up about 7% from 2009, mainly due to a 9% increase in production coupled with increased realized prices for NGLs and crude oil, which were offset in part by lower gas prices. The company is active in the Barnett Shale of North Texas, The greater Green River Basin in Colorado and Wyoming and the Wind River Formation in Oklahoma, as well as in northwestern Montana, Alberta coalbed methane and the Horn River Basin in British Columbia.