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QUICKSILVER ANNOUNCES SALE TO TOKYO GAS OF 25% INTEREST IN BARNETT SHALE ASSETS
On March 29, 2013, Quicksilver Resources Inc. (KWK) announced a $485 million monetization transaction in the Barnett Shale. The announcement has been long awaited: the company has been looking for ways to raise funds via a partial sale of its core Barnett properties for more than a year to address its leverage and liquidity challenges. Under the agreement with Tokyo Gas Co., Ltd (OTC:TKGSF, OTCPK:TKGSY) of Japan, Quicksilver will sell an undivided...
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