Quicksilver Resources seeks 120-day extension of exclusivity periods

By Mark Reccek

Bethlehem, Pa., Feb. 1 – Quicksilver Resources, Inc. sought court approval to extend its exclusive Chapter 11 plan filing and vote solicitation periods, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The company is requesting an extension of its exclusive filing period through June 15 from Feb. 1 and an extension of its solicitation period through Aug. 11, 2016 from April 13.

The extensions, the company said, are justified to allow more time to close the sale of company assets, as well as formulate a Chapter 11 plan.

“While the precise timing of such a plan is unclear, it is unquestionably true that no plan can be finalized prior to the end of the current exclusive filing period,” the motion said.

A hearing is scheduled for March 17.

Quicksilver is a Fort Worth-based independent oil and gas exploration and production company. The company filed for bankruptcy on March 17, 2015 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 15-10585.

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