Quicksilver Resources posts $416.13 million net loss on $10.81 million revenue

By Sheri Kasprzak

New York, April 21 – Quicksilver Resources Inc. reported a net loss of $416,134,000 for March on $10,818,000 in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In February, the company posted a $7.59 million net loss on $7.82 million in total revenue.

Quicksilver had $132,521,000 in cash and cash equivalents as of March 31, down from $183.98 million at the end of February.

Quicksilver, based in Fort Worth, is an independent oil and gas exploration and production company. The company filed for bankruptcy March 17, 2015 under Chapter 11 case number 15-10585.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.