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Quicksilver Resources files Chapter 11

Mar. 17, 2015 5:45 PM ETQuicksilver Resources Inc. (KWK) StockBy: Carl Surran, SA News Editor
  • Quicksilver Resources (NYSE:KWK) and its U.S. subsidiaries file for Chapter 11 bankruptcy protection, and say they will continue normal business operations; KWK's Canadian subsidiaries are not part of the filing.
  • KWK says its strategic marketing process did not produce viable options for asset sales or other alternatives to fully address the company’s liquidity and capital structure issues.
  • Crestwood Midstream Partners (CMLP), whose gathering and processing systems are integral to KWK's Barnett Shale operations, says KWK is current on all outstanding invoices received from CMLP.

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