Last $2.07 USD
Change Today -0.01 / -0.48%
Volume 3.6M
KWK On Other Exchanges
Symbol
Exchange
New York
As of 8:04 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).

quicksilver resources inc (KWK) Snapshot

Open
$2.11
Previous Close
$2.08
Day High
$2.12
Day Low
$2.04
52 Week High
02/21/14 - $3.67
52 Week Low
08/1/13 - $1.44
Market Cap
367.1M
Average Volume 10 Days
2.0M
EPS TTM
$-0.26
Shares Outstanding
177.3M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for QUICKSILVER RESOURCES INC (KWK)

quicksilver resources inc (KWK) Related Businessweek News

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quicksilver resources inc (KWK) Details

Quicksilver Resources Inc., an independent oil and gas company, is engaged in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil in North America. The company focuses primarily on unconventional reservoirs, such as fractured shales and coal beds. It owns producing oil and natural gas properties principally in Texas, as well as in Alberta and British Columbia, Canada. The company’s principal properties include the Barnett Shale covering an area of approximately 85,000 net acres located in the northern part of the Fort Worth Basin; Horn River comprising approximately 130,000 net acres situated in the Horn River basin of northeast British Columbia; and Horseshoe Canyon consisting of approximately 353,000 net acres located in the Horseshoe Canyon, Alberta. As of December 31, 2013, it had total proved reserves of approximately 1.3 trillion cubic feet of natural gas equivalents. The company was founded in 1997 and is headquartered in Fort Worth, Texas.

338 Employees
Last Reported Date: 03/18/14
Founded in 1997

quicksilver resources inc (KWK) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $455.0K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $422.4K
Senior Vice President of U S Operations
Total Annual Compensation: $416.6K
Senior Vice President and Chief Operating Off...
Total Annual Compensation: $395.4K
Vice President of Human Resources and Directo...
Total Annual Compensation: $264.4K
Compensation as of Fiscal Year 2013.

quicksilver resources inc (KWK) Key Developments

Quicksilver Resources Inc. Announces Preliminary Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2014; Provides Production Guidance for the Second Quarter and Full Year of 2014

Quicksilver Resources Inc. announced preliminary unaudited consolidated earnings and production results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenue of $91,786,000 against $118,703,000 a year ago. Operating loss was $11,054,000 against $3,874,000 a year ago. Loss before income taxes was $56,182,000 against $52,811,000 a year ago. Net loss was $58,833,000 against $59,707,000 a year ago. Loss per common share basic and diluted was $0.34 against $0.35 a year ago. Net cash used in operating activities was $19,984,000 against $14,394,000 a year ago. Capital expenditures were $38,729,000 against $27,442,000 a year ago. Adjusted net loss was $14,144,000 or $0.08 per diluted share against $6,033,000 or $0.04 per diluted share a year ago. For the quarter, the company produced 22.1 Bcfe, or an average of 246 million cubic feet of natural gas equivalent per day (MMcfed) compared to 32.2 Bcfe, or an average of 358 MMcfed, in the 2013 quarter. The majority of the 112 MMcfed reduction is the result of the sale of the Montana Asset and 25% of the Barnett Asset, which collectively accounts for approximately 61 MMcfed of divested production. The remainder is attributable to: curtailed capital activity in 2013 across the asset base and displaced production due to completion activity in the Barnett Asset during the 2014 quarter. Natural gas average daily production was 206.8 MMcfd against 295.3 MMcfd a year ago. NGL average daily production was 6,308 Bbld against 9,674 Bbld a year ago. Oil average daily production was 222 Bbld against 688 Bbld a year ago. For the Second-quarter 2014, the company total company average daily production volume is expected to be 255 to 260 MMcfe per day, which is a consolidated growth rate of 4 - 6% compared to first-quarter 2014 production due to completion activity in the Barnett Shale. Average daily production volumes are expected to consist of 85% natural gas and 15% natural gas liquids and crude oil. Full-year 2014 production continues to be expected at 245 - 255 MMcfe per day, and full-year 2014 capital spending continues to be expected at $136 million.

Quicksilver Resources to Commence Registered Exchange Offer

Quicksilver Resources Inc. announced the commencement of an exchange offer for its outstanding 11.000% Senior Notes due 2021. Quicksilver originally issued an aggregate principal amount of $325 million of the old notes, which form a single series, in a private offering on June 21, 2013. In connection with the sale of the old notes, Quicksilver entered into a registration rights agreement in which it undertook to offer to exchange the old notes for new notes registered under the Securities Act of 1933, as amended. Pursuant to an effective registration statement on Form S-4, filed with the Securities and Exchange Commission, holders of the old notes will be able to exchange the old notes for new notes in an equal principal amount. The new notes are substantially identical to the old notes, except that the new notes have been registered under the Securities Act and will not bear any legend restricting transfer. The registration rights and additional interest provisions pertaining to old note holders will also not apply to the new notes. The exchange offer will expire at 5:00 p.m., New York City time, on May 30, 2014, unless extended or terminated. Tenders of old notes must be made before the exchange offer expires and may be withdrawn any time prior to expiration of the exchange offer.

Quicksilver Resources Inc. Announces Results of Borrowing Base Redetermination

Quicksilver Resources Inc. announced that the company completed its semi-annual redetermination and closed an amendment to its Combined Credit Agreements on April 25, 2014. The redetermined global borrowing base was reduced from $350 million to $325 million. As well, certain definitions which impact the calculation of EBITDAX were amended in order to exclude certain non-recurring cash items, provide for pro forma application of the March 2014 amendment to the Fortune Creek gathering agreement, and reduce the threshold for pro forma application of a material transaction to $10 million. As of the date of the amendment, the company had approximately $240 million utilized under its Combined Credit Agreements, which includes $43 million of outstanding letters of credit. The company has also reduced the size of the Combined Credit Agreements to $650 million.

 

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Price/Earnings 2.3x
Price/Sales 0.7x
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Price/Cash Flow 1.7x
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