Even as Barnett Shale operators look far and wide for the next great shale plays, Quicksilver Resources Inc.’s $1.3 billion purchase of property in Tarrant and Denton counties shows the Metroplex’s party isn’t over yet.

The Fort Worth-based company said it will purchase 13,000 acres of producing, leasehold, royalty and midstream assets in northern Tarrant and southern Denton counties from Chief Resources LLC, Hillwood Oil & Gas LP and Collins and Young LLC. The properties currently produce about 45 million cubic feet of natural gas per day and Quicksilver estimates total reserves of 1 trillion cubic feet of natural gas resources, 350 billion of which are proved, according to a ...

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Fort Worth-based Quicksilver Resources Inc. has purchased natural gas-producing properties in the Barnett Shale from a group of owners including Chief Resources LLC, Hillwood Oil & Gas LP and Collins and Young LLC for $1.3 billion.

The transaction represents an acceleration of production for Quicksilver in the Barnett Shale, one of the natural gas industry's largest domestic fields, and fits in with Chief's shift of focus to outside Texas.

Quicksilver said the deal could boost its output as much as 40 percent.

The Tarrant County and Denton County properties produce about 45 million cubic feet of natural gas a day, and ...

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Quicksilver Resources will add significantly to its Barnett Shale holdings with the announced $1.3 billion purchase of producing assets in northern Tarrant County and southern Denton County from Hillwood Oil & Gas and two partners.

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Quicksilver Resources Inc. agreed to acquire the assets from various parties in Texas's Barnett Shale formation for $1.31 billion in cash and stock.

In addition, the natural-gas and crude-oil producer said daily production in the second quarter averaged between 233 million and 235 million cubic feet of natural gas equivalents; Quicksilver's May forecast was 225 million to 235 million. The company also expects unit expenses to be at the low end of estimates.

The Barnett Shale area near Fort Worth is considered by some to be the nation's largest onshore natural-gas field. Drilling success there has driven companies to scour the continent for new shale resources -- though none has ...

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Quicksilver Resources Inc. announced today that it will purchase producing, leasehold, royalty and midstream assets in the Barnett Shale for $1.307 billion. The assets are in northern Tarrant and southern Denton counties.

The transaction will include $307 million in Quicksilver Resources common stock and $1 billion in cash, the company announced.

Chief Resources LLC, Hillwood Oil & Gas LP and Collins and Young LLC, as well as other private parties, are among the companies with which Quicksilver has entered into purchase and sale agreements.  According to a Quicksilver release, assets acquired, on 13,000 net acres, produce about 45 million cubic feet (MMcf) per ...

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Quicksilver Resources Inc. has agreed to buy assets in the Barnett Shale formation in northern Tarrant and southern Denton counties for $1.31 billion in cash and stock.

The Fort Worth-based natural gas and oil exploration and production company said it entered into agreements with various private parties, including Chief Resources LLC, Hillwood Oil & Gas LP and Collins and Young LLC, to acquire producing, leasehold, royalty and midstream assets.

Under the agreement, Quicksilver (NYSE: KWK) will pay $1 billion in cash and $307 million in stock. The company plans to fund the cash portion of the transaction through a combination of a $700 million 30-month loan, operating ...

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DALLAS (July 7, 2008) -- Hillwood International Energy  today announced that Quicksilver Resources, Inc. (NYSE: KWK) will acquire the working and royalty interests in the core area of the natural gas-rich Barnett Shale  in northern Tarrant and southern Denton counties of Texas for $1.3 Billion in cash and stock.  Chief Resources LP and Collins and Young are working interest partners with Hillwood and part of this transaction.

Hillwood founder and chairman Ross Perot Jr. praised the transaction:  “Quicksilver is an exceptional company and we are very pleased they have acquired this high quality position in the core of the Barnett gas ...

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