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KWK > SEC Filings for KWK > Form 8-K on 6-May-2013All Recent SEC Filings

Show all filings for QUICKSILVER RESOURCES INC | Request a Trial to NEW EDGAR Online Pro



Completion of Acquisition or Disposition of Assets

Item 2.01. Completion of Acquisition or Disposition of Assets.

On April 30, 2013, pursuant to the Purchase and Sale Agreement, dated March 28, 2013, between Quicksilver Resources Inc. ("Quicksilver"), as Seller and TG Barnett Resources LP ("TGBR"), as Buyer (the "Purchase and Sale Agreement"), Quicksilver completed the sale of 25% of its Barnett Shale assets to TGBR. The effective date of the transaction is September 1, 2012. Adjustments for TGBR's ratable share of production, operating expenses, and capital spending from the effective date to the closing date, as well as other customary adjustments at closing, resulted in net cash proceeds to Quicksilver of $463.4 million. A copy of the Purchase and Sale Agreement is attached as Exhibit 2.1 to this Current Report on Form 8?K and is incorporated herein by reference. Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

    Number     Description

      2.1*     Purchase and Sale Agreement, dated March 28, 2013, between
               Quicksilver Resources Inc., as Seller, and TG Barnett Resources
               LP, as Buyer
     99.1      Quicksilver Resources Inc. Unaudited Pro Forma Financial

* The Purchase and Sale Agreement filed as Exhibit 2.1 omits the schedules and exhibit thereto. Quicksilver agrees to furnish supplementally a copy of the omitted schedules and exhibits to the Securities and Exchange Commission upon request.

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