BNET Industries

Market Cap:$2.2B
Last Fiscal Year Sales:$800.6M
  • Public
  • US
Dow Jones Description

Quicksilver Resources Inc., including its subsidiaries, (Quicksilver or the Company) is an independent energy company engaged primarily in exploration, development and production of unconventional natural gas onshore in North America. We own producing oil and natural gas properties in the United States, principally in Texas, Wyoming and Montana, and in Alberta, Canada, which had estimated total proved reserves of approximately 2.2 Tcfe of natural gas at December 31, 2008. We also explore for natural gas onshore in North America, principally in the Horn River Basin of Northeast British Columbia and the Delaware Basin of West Texas. In addition, our new ventures team actively studies other basins in North America for unconventional natural gas opportunities which may yield future exploration opportunities. We also own approximately 73% of KGS, a publicly traded midstream master limited partnership controlled by us, and we own approximately 41% of the limited partner units of BBEP, a publicly-traded oil and natural gas exploration and production master limited partnership.

Director, President and Chief Executive Officer
Glenn Darden
Number of Employees 615
Contact Information

777 W Rosedale St Ste 300

Fort Worth, Texas 76104-4627

qrinc.com

(817) 665-5000

NAICS Code Crude Petroleum and Natural Gas Extraction: 211111

Recent Events

  • BreitBurn Energy Partners Responds to Inaccurate Press Release

    11/25/09 - Lawsuit Filed - View Story

  • Quicksilver moves reflect industry shifts as prices fall

    11/09/09 - Joint Venture / Alliance - View Story

  • Quicksilver Resources KWK Down Sharply Foll

    11/06/09 - Bond / Stock Rating - View Story

  • Quicksilver Resources shows profit

    11/16/09 - Financial Announcement - View Story

  • A Great Place to Hunt for Oil

    10/21/09 - Bond / Stock Rating - View Story

  • Quicksilver Resources KWK NewsBite - KWK Upgraded By Canaccord

    10/14/09 - Bond / Stock Rating - View Story

  • Canaccord Adams Upgrades Quicksilver Resources KWK to Buy

    10/14/09 - Bond / Stock Rating - View Story

  • Quicksilver Resources Says Bank Group Affirms $1 Bln Borrowing Base Under Revolving Credit Facility

    10/23/09 - Financial Announcement - View Story

  • Big natural gas well for Quicksilver Resources

    9/22/09 - Bond / Stock Rating - View Story

  • Quicksilver Makes 2 Key Management Appointme...

    9/21/09 - Mgmt. Change Entering - President - View Story

  • Quicksilver Resources Posts Better-than-estimated Q2 Results - Update

    8/10/09 - Bond / Stock Rating - View Story

News & Analysis

energy and quicksilver resources inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Glenn Darden Director, President and Chief Executive Officer
D. Wayne Blair Vice President, Controller and Chief Accounting Officer
John C. Regan Vice President, Controller and Chief Accounting Officer
Philip W. Cook Senior Vice President, Cfo
P Jeff Cook Executive Vice President Operations
Paul J Cook Executive Vice President, Operations
John C. Cirone Senior Vice President, General Counsel and Secretary
Anne Darden Self Director, Vice President Human Resources
C. Clay Blum Vice President Land
Marlu Hiller Vice President Treasurer
Richard C. Buterbaugh Vice President, IR & Corp Planning
Robert N. Wagner Vice President Reservoir Engineering
Stan G. Page Vice President U.S. Operations
Thomas Duncan Vice President, New Ventures & Technology
William S. Buckler Vice President Engineering Technology
James R Jorden Consultant
Bruce D. Hirsche Member

Board of Directors

Name (plus bio) Position
Thomas F. Darden Chairman of The Board
Alton Hughes James Board of Directors
D. Randall Kent Board of Directors
James A Hughes Board of Directors
Mark J. Warner Board of Directors
Steven M. Morris Board of Directors
W. Byron Dunn Board of Directors
W. Yandell Rogers III Board of Directors
Yandell Rogers Board of Directors

Experienced management and technical team: Our CEO, Glenn Darden, and our Chairman, Thomas Darden, are founding members of our company and have held executive positions at Quicksilver since our formation. They both have been in the oil and natural gas business their entire professional careers. Since our formation, they, along with an experienced executive management team, have successfully implemented a disciplined growth strategy with a primary focus on net asset value growth through the development of unconventional resources. Our executive management team is supported by a core team of technical and operating managers who have significant industry experience, including experience in drilling and completing horizontal wells and in unconventional reservoirs.

Organization Position Status
Quicksilver Resources Inc. Director, President and Chief Executive Officer Current
Quicksilver, Inc Chief Executive Officer Current
Quicksilver Resources Inc. Co-Founder Former
Quicksilver, Inc President Current
Quicksilver Gas Services, LP Chairman Current
Presidio Financial Partners LLC Board of Directors Current
Quicksilver Resources Inc. Board of Directors Current
Quicksilver, Inc Director Current
Quicksilver, Inc Chief Operating Officer Former
Mercury Exploration Company Former

D. WAYNE BLAIR became our Vice President, Controller and Chief Accounting Officer in 2002, after serving as our Vice President Controller since July 2000. He is a Certified Public Accountant with over 25 years of experience in the oil and gas industry. He was employed by Sabine Corporation from 1980 through 1988 where he held the position of Assistant Controller. From 1988 through 1994, he served as Controller for a group of private businesses involved in the oil and gas industry. Prior to joining us in April 2000 as Vice President Controller, he served as Controller for Mercury since 1996.

Organization Position Status
Quicksilver Resources Inc. Vice President, Controller and Chief Accounting Officer Current
Sabine, Inc. Former
Quicksilver Resources Inc. Board of Directors Former

Title: Vice President – Controller and Chief Accounting Officer Education: Bachelor of Business Administration in Accounting, University of Miami Experience: Certified Public Accountant with 15 years of public and industry experience. Served in various executive roles for Flowserve Corporation from 2002 through August 2007, including Vice President of Compliance, Director of Accounting and Financial Reporting and most recently as Vice President of Finance for its Flow Control Division. Nine years of public accounting experience with PricewaterhouseCoopers, where he concentrated on the upstream petroleum and field service sectors.

Organization Position Status
Quicksilver Resources Inc. Vice President, Controller and Chief Accounting Officer Current

PHILIP COOK became our Senior Vice President Chief Financial Officer in October 2005. From October 2004 until October 2005, Mr. Cook served as President, Chief Financial Officer and Director of EcoProduct Solutions, a Houston-based chemical company. From August 2001 until September 2004, he served as Vice President and Chief Financial Officer of PPI Technology Services, an oilfield service company. From August 1993 to July 2001, he served in various capacities, including Vice President and Controller, Vice President and Chief Information Officer and Vice President of Audit, of Burlington Resources Inc. (subsequently merged with ConocoPhillips), an independent oil and gas company engaged in exploration, development, production and marketing.

Organization Position Status
Quicksilver Resources Inc. Senior Vice President, Cfo Current

Organization Position Status
Quicksilver Resources Inc. Executive Vice President Operations Current

Organization Position Status
Quicksilver Resources Inc. Executive Vice President, Operations Current

JOHN C. CIRONE was named as our Senior Vice President, General Counsel and Secretary in January 2006, after serving as our Vice President, General Counsel and Secretary since July 2002. He was employed by Union Pacific Resources from 1978 to 2000. During that time, he served in various positions in the Law Department, and from 1997 to 2000 he was the Manager of Land and Negotiations. In 2000, he was promoted to the position of Assistant General Counsel of Union Pacific Resources. After leaving Union Pacific Resources in August 2000, Mr. Cirone was engaged in the private practice of law prior to joining us in July 2002.

Organization Position Status
Quicksilver Resources Inc. Senior Vice President, General Counsel and Secretary Current
The Land Company Manager Former

Anne Darden Self , age 50, has served on the Board since September 1999 and became Quicksilver s Vice President Human Resources in July 2000. Ms. Self has also served as President of Mercury Exploration Company since 2000. She served as Vice President - Human Resources of Mercury Exploration from 1992 to 2000.

Organization Position Status
Mercury Exploration Company President Current
Quicksilver Resources Inc. Director, Vice President Human Resources Current
Quicksilver Resources Inc. Board of Directors Current

Title: Vice President – Land Education: Tarleton State University, Bachelor of Science, 1980 Experience: Mr. Blum joined Quicksilver in 2003 as a Senior Staff Landman and most recently held the position of Director of Land, U.S. Operations. Mr. Blum has more than 27 years of oil and gas industry experience. Prior to joining Quicksilver he was employed by Emerald Operating and previous to that he was a Senior Landman for Union Pacific Resources (subsequently merged with Anadarko Petroleum Corporation). Mr. Blum also has numerous years of experience as an independent landman.

Organization Position Status
Quicksilver Resources Inc. Vice President Land Current
Quicksilver Resources Inc. Senior Staff Landman Former

Title: Vice President - Treasurer Education: Bachelor of Business Administration in Accounting, Baylor University Experience: Certified Public Accountant with over 18 years experience in public and oil and gas accounting. From 1988 to 1999 served with Union Pacific Resources in a number of financial positions. Previously spent three years with the CPA firm of Ernst & Young.

Organization Position Status
Quicksilver Resources Inc. Vice President Treasurer Current
Quicksilver Resources Inc. Treasurer Former

Title: Vice President – Investor Relations and Corporate Planning Education: Bachelor of Science in Accounting from the University of Colorado Experience: More than 25 years of corporate finance and accounting experience in the energy industry. From 1989 to 2006 served in executive positions for Kerr-McGee Corp., most recently as Vice President – Corporate Planning.

Organization Position Status
Quicksilver Resources Inc. Vice President, IR & Corp Planning Current
Quicksilver Resources Inc. President, Ir & Corp Planning Former
Kerr-McGee Corporation Vice President, Corp Planning Former

Title: Vice President - Reservoir Engineering Education: Bachelor of Science degree in Petroleum Engineering, Colorado School of Mines Experience: 20 years oil & gas experience. Eastern Region Manager with Mercury Exploration from Nov 1995 thru Mar 1999. Positions with Quicksilver have included VP Engineering and VP Reserve Group. Previously held positions with Mesa Inc. from 1987 thru 1995 as Production Engineer and Drilling Engineer.

Organization Position Status
Quicksilver Resources Inc. Vice President Reservoir Engineering Current
The Mesa Former

Title: Vice President – U.S. Operations Experience: Nearly 30 years of oil and gas production and operations experience. Held various positions of increasing responsibility with BP Amoco from 1979 through 2007, most recently as Operations Center Manager for their East Texas asset.

Organization Position Status
Quicksilver Resources Inc. Vice President U.S. Operations Current

Organization Position Status
Quicksilver Resources Inc. Vice President, New Ventures & Technology Current

WILLIAM S. BUCKLER became our Vice President U.S. Operations in August 2005. He joined us in September 2003 as an Engineering Manager. Prior to that, he was an Operations/Engineering Supervisor with Mitchell Energy Company LP (subsequently merged with Devon Energy) from January 2002 until August 2003, and held various other positions with Mitchell Energy, including Region Engineer, from July 1997 until January 2002.

Organization Position Status
Quicksilver Resources Inc. Vice President Engineering Technology Current

Organization Position Status
Quicksilver Resources Inc. Consultant Current
Aimehq.Org Current
Shell Oil Company Former
Austin Presbyterian Theological Seminary Master of Arts In Theological Studies Former
The University of Tulsa Degree (With Honors) In Petroleum Engineering Former

Organization Position Status
Quicksilver Gas Services, LP President & CEO Current
Quicksilver Resources Inc. Chairman of The Board Current
Visitors Board of Directors Current
Mercury Exploration Company Board of Directors Current
Quicksilver Gas Services, LP Board of Directors Current
Mercury Exploration Company President Former
Quicksilver Resources Inc. Board of Directors Former

Organization Position Status
Quicksilver Resources Inc. Board of Directors Current

Organization Position Status
Quicksilver Resources Inc. Board of Directors Current

Organization Position Status
Prisma Energy International, Inc. Chief Executive Officer Current
Lone Star Legal Aid Senior Attorney In the Texarkana Office Current
Quicksilver Resources Inc. Board of Directors Current
Prisma Energy International, Inc. President Former
Prisma Energy International, Inc. Chief Operating Officer Former
Vinson & Elkins Llp Lawyer Former
Priest River Executive Former
Southern Methodist University J.D. Former
University of Texas School of Law Juris Doctor Former
University of North Texas M.A. Former
University of North Texas B.A. Former
Southern Methodist University Bachelor of Business Administration Former

Organization Position Status
Ensource Energy LLC Board of Directors Current
Quicksilver Resources Inc. Board of Directors Current
Marathon Oil Corporation Engineer Former

Title: Director Education: Bachelor of Business Administration in Accounting, Texas Tech University Experience: Certified Public Accountant and President of Pentad Enterprises, Inc. -- a private investment firm in Houston; Director, Bank of Tanglewood - Houston; Director, Pozo Resources, Inc. --a Fort Worth-based Oil and Gas Production Company. Previously Vice President of Finance for ITEX Enterprises, Inc.; Financial Vice President of Hanson Minerals Co.; partner in the accounting firm of Haley & Morris; Senior Accountant with the Houston office of Arthur Young and Co.

Organization Position Status
Quicksilver Resources Inc. Board of Directors Current

Title: Director Education: Bachelor of Arts in Management and Arts from Texas Christian University; Executive MBA from the Edwin L. Cox School of Business at Southern Methodist University Experience: Retired President and Chief Executive Officer of Lone Star Steel Company. Dunn began his career with Lone Star in 1975 as a sales trainee. He was promoted to Vice President, Sales in 1986 and Executive Vice President, Sales and Marketing in 1991. He became President and Chief Executive Officer in August 1997, where he served until his retirement in June 2007. Dunn serves on the board of various industry associations including the American Petroleum Institute, National Ocean Industries Association and Metals Service Center Institute.

Organization Position Status
Quicksilver Resources Inc. Board of Directors Current

Title: Director Education: Bachelor of Business Administration in Finance, Southern Methodist University Experience: Chief Executive Officer of Priest River, Ltd., a privately owned holding company. Previously Vice President and General Manager of Ridgway's, the largest privately held reprographics firm in the United States.

Organization Position Status
Quicksilver Resources Inc. Board of Directors Current

Organization Position Status
Priest River Chief Executive Officer Current
Quicksilver Resources Inc. Board of Directors Current
Ridgway & Company Chief Executive Officer Former

Organization Position Status
Shelton Canada Corp Secretary Current
Quicksilver Resources Inc. Member Current
Immgen, Inc. Secretary Current
The Numbers Secretary Current
EquiTech Corporation Director Former
Shelton Canada Corp Director Former

Executive News

  • Quicksilver partners with Eni for north Fort Worth Barnett wells

    Fort Worth Business Press - 5/18/09 - View Story

  • UPDATE: Eni Links Up With Quicksilver To Develop US Shale Gas

    Morningstar.com - 5/18/09 - View Story

  • Quicksilver sells Ft. Worth Basin acres

    Dallas Business Journal - 5/18/09 - View Story

  • Quicksilver Sells Lease Stake To Eni For $280 Million,Enters Venture

    Morningstar.com - 5/18/09 - View Story

  • Quicksilver Resources, Eni SpA Join To Explore in Fort Worth Basin - Update

    RTTNews.com - 5/18/09 - View Story

  • Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

    Canadian Business Magazine - 5/18/09 - View Story

  • Quicksilver Resources and Eni Form Strategic Alliance to Develop

    Market Wire via MSN Money - 5/18/09 - View Story

  • Quicksilver Resources Inc.: Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

    Market Wire - 5/18/09 - View Story

  • Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources

    Stockwatch - 5/18/09 - View Story

  • Low natural gas prices evident in Q1 results

    Fort Worth Business Press - 5/11/09 - View Story

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     KWK $13.44 0.00 (0.00% )
Average Volume 3,639,270
Shares Outstanding 169.13M
Market Cap 2.3B
Year High 16.52
Year Low 3.74
Earnings Per Share -6.35
P/E Ratio -2.12
Dividend N/A
Yield N/A
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