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Southwestern Energy Co. Buys Quicksilver’s Colorado Assets

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May 5, 2014

Quicksilver Resources Inc. (NYSE: KWK) announced May 1that it closed the sale of its Sand Wash Basin assets in Colorado to Southwestern Energy Co. (NYSE: SWN) for $180 million.

Southwestern's wholly owned subsidiary, Southwestern Energy Production Co., signed a purchase agreement for 312,000 net acres targeting the Niobrara formation in northwest Colorado from Quicksilver and SWEPI LP, a wholly owned subsidiary of Royal Dutch Shell Plc (NYSE: RDS-A, RDS-B). This marks the Houston-based company's entry into the Niobrara play.

Quicksilver received total cash proceeds of $93.5 million per the conditions ...

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