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Quicksilver Resources Names New Chief Financial Officer

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Quicksilver Resources Inc. (NYSE: KWK) has appointed Philip W. Cook as senior vice president and chief financial officer effective October 24, 2005. Bill Lamkin, who is retiring, will be working with Mr. Cook for a short transition period.

Mr. Cook has extensive experience in the oil and gas business having served as vice president, controller, and chief information officer of Burlington Resources. Prior to his work with Burlington Resources, Mr. Cook spent nine years in public accounting with Coopers & Lybrand. Most recently, Mr. Cook was the president of EcoProduct Solutions, a Houston-based chemical company.

Glenn Darden, Quicksilver's president and chief executive officer, commented, "We look forward to adding Phil to the Quicksilver management team. His background in accounting and internal controls within the oil and gas industry makes him a great fit for the company."

About Quicksilver

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude oil production company engaged in the development and acquisition of long-lived natural gas and crude oil properties. The company, widely recognized as a leader in the development and production of unconventional natural gas reserves, including coal bed methane, shale gas, and tight sands gas, is listed on the New York Stock Exchange (KWK). It has U.S. offices in Fort Worth, Texas; Granbury, Texas; Gaylord, Michigan; Corydon, Indiana and Cut Bank, Montana. Quicksilver also has a Canadian subsidiary, MGV Energy Inc., located in Calgary, Alberta. For more information about Quicksilver Resources, visit www.qrinc.com.

The statements in this press release regarding future events, occurrences, circumstances, activities, performance, outcomes and results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although these statements reflect the current views, assumptions and expectations of Quicksilver's management, the matters addressed herein are subject to numerous risks and uncertainties, which could cause actual activities, performance, outcomes and results to differ materially from those indicated. Factors that could result in such differences or otherwise materially affect Quicksilver's financial condition, results of operations and cash flows include: changes in general economic conditions; fluctuations in natural gas and crude oil prices; failure or delays in achieving expected production from natural gas and crude oil exploration and development projects; uncertainties inherent in estimates of natural gas and crude oil reserves and predicting natural gas and crude oil reservoir performance; competitive conditions in our industry; actions taken by third-party operators, processors and transporters; changes in the availability and cost of capital; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control; the effects of existing and future laws and governmental regulations; and the effects of existing or future litigation; as well as other factors disclosed in Quicksilver's filings with the Securities and Exchange Commission.

Distributed by Market Wire


 
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