This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Quicksilver Resources' CEO Discusses Q3 2011 Results - Earnings Call Transcript

These 4 wells will be drilled on 1 central pad and connected to sales. At this point, it looks like we have a high BTU gas well in the 1 Exshaw well we have completed. But we have only completed approximately 30% of the lateral. The well is shut in currently and we intend to complete the remaining lateral section after winter operation. We have recovered just 20% of the frac load, thus far, so we don't yet have a clear picture of what this well can do.

We continue to make progress on the infrastructure side of the Horn River, and recently, we executed a memorandum of understanding with KKR, to team up on a joint venture to develop and build a Midstream business in the basin. The proposed deal structure, which is scheduled to close in the next several weeks, provides for a $125 million upfront payment to Quicksilver and financing for buildout of processing and gathering assets in the initial stages of the business. Quicksilver will contribute its midstream assets that are already in place, which comprised a 20-mile, 20-inch pipeline and compression. The JV expects to complete the first train of processing facilities in 2014, which will require approximately $120 million of capital. Each party will own a 50% interest in the entity and Quicksilver will operate.

Read the rest of this transcript for free on

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs