Newspaper article THE JOURNAL RECORD

BlueStone Completes Quicksilver Purchase

Newspaper article THE JOURNAL RECORD

BlueStone Completes Quicksilver Purchase

Article excerpt

BlueStone Natural Resources II completed the purchase of Quicksilver Resources Inc.'s U.S. oil and gas assets.

The assets include 1,017 producing wells in the Barnett Shale play, with additional holdings in West Texas.

BlueStone also entered into 10-year agreements with Crestwood Equity Partners to gather the gas from the Alliance, Lake Arlington and Cowtown systems, which comprise the majority of the Barnett Shale assets.

With the purchase, BlueStone owns more than 1,200 wells in the Barnett Shale play.

Combined with its South Texas holdings, BlueStone will have net production of more than 180 million cubic feet equivalent per day.

BlueStone has 50 employees at its Tulsa headquarters and an additional 100 employees in offices in Texas.

BlueStone partnered with Natural Gas Partners to purchase the assets, leveraging its 13-year relationship with the Irving, Texas- based equity sponsor. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.