Annual Reports

 
Quarterly Reports

 
8-K

  • 8-K (Sep 1, 2016)
  • 8-K (Aug 24, 2016)
  • 8-K (Aug 22, 2016)
  • 8-K (Aug 11, 2016)
  • 8-K (Jul 18, 2016)
  • 8-K (Jun 24, 2016)

 
Other

Quicksilver Resources 8-K 2013

Documents found in this filing:

  1. 8-K
  2. Ex-99.1
  3. Graphic
  4. Graphic
8-K 2013-03-28



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

 
 
 

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934


Date of Report (Date of earliest event reported): March 28, 2013


QUICKSILVER RESOURCES INC.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)
001-14837
(Commission
File Number)
75-2756163
(IRS Employer
Identification No.)

801 Cherry Street
Suite 3700, Unit 19
Fort Worth, Texas 76102
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (817) 665-5000

 
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
¨   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))







Item 1.01.   Entry Into a Material Definitive Agreement.
 
On March 28, 2013, Quicksilver Resources Inc. (“Quicksilver”) entered into a Purchase and Sale Agreement (the “Purchase Agreement”) with TG Barnett Resources LP, a subsidiary of Tokyo Gas Co., Ltd. (the “Buyer”), to sell an undivided twenty-five percent (25%) of Quicksilver's oil and gas assets located in the Fort Worth Basin in Texas (the “Assets”) for a cash purchase price of $485,000,000.  The purchase price, which is payable at closing, is subject to customary purchase price adjustments.
 
The transaction contemplated by the Purchase Agreement is expected to close on April 30, 2013, subject to the satisfaction or waiver of customary closing conditions. Title to the Assets will be transferred at the closing, but certain associated financial benefits and burdens will be transferred effective as of September 1, 2012.
 
The Purchase Agreement contains customary representations, warranties, covenants and indemnification obligations.  The Purchase Agreement may be terminated prior to the closing under certain circumstances, including (a) material breach of representations and warranties and (b) if the sum of the value of (i) undisputed and uncured title defects and environmental defects; (ii) assets subject to certain consents that are not obtained; (iii) assets subject to unwaived preferential rights to purchase and (iv) casualty loss exceeds $48.5 million.
 
On March 29, 2013, Quicksilver issued a press release announcing the Purchase Agreement. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.   Financial Statements and Exhibits.

(d) Exhibits.
Exhibit
Number
 
Description
 
 
99.1
Press Release dated March 29, 2013







SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 
QUICKSILVER RESOURCES INC.

 
 


 
By:
/s/ John C. Regan

 
 
John C. Regan
 
 
Senior Vice President - Chief Financial Offer and Chief Accounting Officer


Date: March 29, 2013





INDEX TO EXHIBITS
Exhibit
Number
 
Description
 
 
99.1
Press Release dated March 29, 2013




Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki