Quicksilver Resources closes sale of Montana Asset to Synergy Offshore
Quicksilver Resources closes sale of Montana Asset to Synergy Offshore
FORT WORTH -- Quicksilver Resources Inc. closed the sale of its previously announced Montana Asset on August 30, 2013 to Synergy Offshore LLC for a sales price of $46 million.
The effective date of the transaction is January 1, 2013. Synergy's ratable share of production and operating expenses from the effective date to the closing date, as well as other customary closing adjustments, amounted to approximately $4 million, resulting in net proceeds to Quicksilver of $42 million.
