Quicksilver Rakes In $485M With Barnett Shale Asset Sale

Law360, New York (March 29, 2013, 12:38 PM EDT) -- Natural gas producer Quicksilver Resources Inc. is unloading a 25 percent stake its oil and gas assets in Texas' resource-rich Barnett Shale to a Tokyo Gas Co. subsidiary in a deal priced at $485 million, the seller said Friday.

The companies did not give a financing breakdown for the deal, though Fort Worth, Texas-based Quicksilver said it would use proceeds from the transaction to pay down its debt load. The Texas company said it planned to finalize the sale by the end of April, subject to...
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