Quicksilver Resources Files Bankruptcy as Gas Price Drops
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Natural gas producer Quicksilver Resources Inc. sought bankruptcy protection in Delaware, the latest casualty of falling energy prices.
Quicksilver’s holdings are focused in the natural gas-rich Barnett Shale play of North Texas. The company also has reserves in the Horn River Basin in northeast British Columbia and the coalbeds of the Horseshoe Canyon in Alberta. It’s been battling a worsening cash outlook and hired advisers last year to try to address near-term debt maturities and boost liquidity.