Tag: Coal Bed Methane

Quicksilver Resources files for bankruptcy, $1.35 billion in liabilities

Quicksilver Resources files for bankruptcy, $1.35 billion in liabilities

Quicksilver Resources¬†anticipates carrying on normal operations as it restructures Quicksilver Resources Inc. (OTCQB:KWKA) – saddled with $1.35 billion of liabilities, 10 times its cash flow –¬†announced Tuesday that it has filed for chapter 11 bankruptcy protection. The company was unsuccessful at finding investment or a buyer for its assets, which includes unconventional shale reservoirs and […]