Dallas, Texas 01/16/2014 (FINANCIALSTRENDS) – Quicksilver Resources Inc. (NYSE:KWK) the oil and gas exploration company has high stake-backing from industry insiders as well as most oil and gas industry major companies. The core area of expertise for the company has been the establishment of its unconventional reservoirs as well as building the shale gas, coal bed methane reservoirs.
Quicksilver Resources Inc. (NYSE:KWK) has worked hard on its turnaround, ever since its move to become a public-listed company from its earlier ownership as a private company. The company has relied much on its Barnett Shale. Deploying the rig in September, the shale is expected to see six more wells in the fourth quarter.
Potential laden reserves galore
Quicksilver Resources Inc. (NYSE:KWK) will however complete the well only in the middle of the first quarter of 2014. The company expects to use the rig for the whole year of 2014. Other projects include the Fort Worth Basin. The company operates out of Canadian basins as well.The Horn River Basin, is a legacy site for the company and is known to have good quality stocks of shale. The potential is likely to be in the region of 14Tfc. This quantity potential is expected to see quadrupling in the stock price, based on this potential. However, considering the high reserve potential that the United Nations has assumed – the company it appears is undervalued.
Exploration and production optimized
Quicksilver Resources Inc. (NYSE:KWK), the Fort Worth, Texas based operator in the independent oil and gas industry, with a major presence in the basic materials sector is involved in the exploration, production as well as development of both onshore as well as gas and oil industry in the North American continent. The 1,876,751 volume, $527.81million market Cap Company has a 52 week high of $3.54 and 52 week low of $1.44.