Quicksilver Resources (KWK +5.8%) and Royal Dutch Shell (RDS.A -0.6%) strike a deal to jointly...

|About: Quicksilver Resources Inc. (KWK)|By:, SA News Editor

Quicksilver Resources (KWK +5.8%) and Royal Dutch Shell (RDS.A -0.6%) strike a deal to jointly develop oil and gas properties in the Sand Wash Basin in northwest Colorado. The companies will own 50% interest each in ~330K acres, with the Shell unit operating most of the properties, and establish an area of mutual interest covering ~850K acres in the basin.