Companies & Finance

Oil and gas deals diverge on price disparity

Quicksilver is facing two different sets of potential investors and progressing at two different speeds in its efforts to find joint venture partners in oil and gas assets
By Conway Irwin 17 April 2012 0 9103

United States independent Quicksilver’s efforts to find joint venture (JV) partners for liquids and gas assets are attracting two different sets of potential investors and proceeding at two different speeds, according to Chief Executive Glenn Darden.

Quicksilver announced plans to seek joint venture partners for 155,000 acres (627 square km) in the Delaware and Midland basins of West Texas and 130,000 acres (526 square km) in the Horn River shale in British Columbia in January. The West Texas basins are liquids-prone, while Horn River is “just...