The average realized price for the fourth quarter and full-year 2012 was $4.96 and $4.83 per Mcfe, respectively, which excludes approximately $0.51 per Mcfe for the fourth quarter and $0.48 per Mcfe for full-year 2012, of cash proceeds from restructured hedges.Lease operating expense for the fourth quarter of 2012 was $23 million, or $0.73 per Mcfe, compared to $30 million, or $0.78 per Mcfe in the prior-year quarter and $22 million, or $0.66 per Mcfe in the third quarter. Lease operating expense in the Barnett Shale declined 42% compared to the prior year quarter due to lower water hauling, compression and gas lift expense through continued cost containment initiatives. Lease operating expense in the Horn River Basin decreased 14% compared to the 2011 quarter due to a decline in compression repair and maintenance expense.
Quicksilver Resources Reports Preliminary 2012 Fourth-Quarter And Full-Year Results
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