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 DardenNumber of Employees 615
Peer Companies
NAICS Code Crude Petroleum and Natural Gas Extraction: 211111
Recent Events
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Quicksilver moves reflect industry shifts as prices fall
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Quicksilver Resources KWK Down Sharply Foll
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Quicksilver Resources shows profit
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A Great Place to Hunt for Oil
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Quicksilver Resources KWK NewsBite - KWK Upgraded By Canaccord
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Canaccord Adams Upgrades Quicksilver Resources KWK to Buy
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Quicksilver Resources Says Bank Group Affirms $1 Bln Borrowing Base Under Revolving Credit Facility
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Big natural gas well for Quicksilver Resources
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Quicksilver Makes 2 Key Management Appointme...
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Quicksilver Resources Posts Better-than-estimated Q2 Results - Update
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Quicksilver reports second-quarter loss: Most-read stories
News & Analysis
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quicksilver resources inc. - All News and Analysis
Quicksilver Resources Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, Mr. Buterbaugh. Operator Instructions. Your first question is from Ellen Hannan of Weeden & Co. Ellen Hannan - Weeden & Co. A couple of questions, Glenn. In the Fort Worth Basin, I believe you have an inventory of 150 wells that have been drilled...
Quicksilver?s Horn River Test Positive
Zacks.com submits: Quicksilver Resources KWK recently tested its first completed well in the Horn River Basin in Northeast British Columbia. The well had an initial production rate of 13 million cubic feet per day and averaged 10 million cubic feet per day during the first month of...
Quicksilver Resources Inc. Q2 2009 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Mike Jacobs - Tudor, Pickering, Holt & Co. Mike Jacobs - Tudor, Pickering, Holt & Co. I hate to start things off with a tedious modeling question, but I've got a quick one for Phil. If I start...
Quicksilver Resources Inc. Q2 2009 Earnings Call Transcript
Quicksilver Resources Inc. KWK Q2 2009 Earnings Call August 10, 2009 11:00 am ET
Quicksilver Resources Q1 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Your first question will come from Dave Kessler with Simmons & company. Dave Kessler - Simmons & Company Want to follow up on some stuff you talked about last quarter with respect to the wells that have been drilled and put into inventory,...
Quicksilver Resources Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. (Operator’s Instructions). Your first question comes from the line of Michael Jacobs, Tudor Pickering & Holt. Michael Jacobs – Tudor Pickering & Holt Morning everyone. Glen, your hedge position through 2010 speaks for itself, I wanted some help in thinking...
Quicksilver Resources Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator Instructions]. Your first question comes from line of David Kistler. David Kistler Good morning guys. Glenn Darden Good morning. David Kistler Hey quick question on the Barnett production going forward. As you have moved from 14 rigs to 10 rigs in the Barnett...
Energy Firms Should Look to U.S. Shale - Barron's
Many of the major energy players are busy searching the world for more oil and natural gas reserves. Barron's Dimitra Defotis thinks they should be looking closer to home, as U.S. shale fields hold enormous potential as a source of energy. BP BP is already charting a course in this...
Negative Trend for Oil Exploration and Production Stocks
Zacks.com submits: Key Points:Falling oil and natural gas prices are causing brokerage analysts to reevaluate their forecasts on E&P companies.During the past two weeks, earnings estimates have been cut on 41 E&P companies.Positive revisions still outnumber negative revisions by a large margin, but the trend is clearly turning...
Quicksilver Resources Inc. Q2 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions Your first question comes from the line of Mike Jacobs. Mike Jacobs Thank you. Good morning guys. Glenn Darden Hi, Mike. Mike Jacobs I want to start off with the – I actually have a two-part question. I want to start...
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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
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Quicksilver partners with Eni for north Fort Worth Barnett wells
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UPDATE: Eni Links Up With Quicksilver To Develop US Shale Gas
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Quicksilver sells Ft. Worth Basin acres
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Quicksilver Sells Lease Stake To Eni For $280 Million,Enters Venture
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Quicksilver Resources, Eni SpA Join To Explore in Fort Worth Basin - Update
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Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources
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Quicksilver Resources and Eni Form Strategic Alliance to Develop
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Quicksilver Resources Inc.: Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources
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Quicksilver Resources and Eni Form Strategic Alliance to Develop Unconventional Natural Gas Resources
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Low natural gas prices evident in Q1 results
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