Referenced Stocks

Quicksilver Resources Spikes 5%; Inks Deal with Shell Subsidiary

By Midnight Trader,  September 24, 2012, 11:47:34 AM EDT

Quicksilver Resources Inc. ( KWK ) is up 5.1% at $4.32 after the company announced its agreement with SWEPI LP, a subsidiary of Royal Dutch Shell plc (RDS.A), to jointly develop their oil and gas interests in the Sand Wash Basin in Northwest Colorado and to establish an Area of Mutual Interest covering in excess of 850,000 acres in the basin.

Per the agreement, each company will own a 50% interest in approximately 330,000 acres and have the right to a 50% interest in any acquisition within the AMI. In addition, the agreement provides that SWEPI will pay KWK an equalization payment for 50% of the differential in acreage contributed by KWK in excess of the acreage that SWEPI contributes.

KWK trades in a 52-week range of $2.93 - $8.94. Shares have fallen 47% in the last 12 months. RDS.A trades in a 52-week range of $57.97 - $74.52. Shares have increased 16% in the last 12 months




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks: KWK



Latest News Video

Church of Scotland Backs Gay Clergy
Church of Scotland Backs Gay Clergy
Rocket Mountain Bike Beats Record
Rocket Mountain Bike Beats Record   
Most Expensive House in the U.S. On Sale For $190M
Most Expensive House in the U.S. On...
Massive Tornado Levels Oklahoma City Suburb
Massive Tornado Levels Oklahoma Cit...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.51 0.08  0.60%
RAD $ 2.80 0.01  0.36%
CSCO $ 23.94 0.30  1.24%
MSFT $ 35.06 0.19  0.54%
WCRX $ 19.60 0.39  2.03%
SIRI $ 3.49 0.01  0.29%
FB $ 25.76 0.49  1.87%
S $ 7.29 0.03  0.41%