Quicksilver Resources Announces Pricing of Debt Offering

Quicksilver Resources Inc. (NYSE: KWK) announced today that it has priced its offering of $350 million aggregate principal amount of Senior Subordinated Notes due 2016, which was increased from the aggregate principal amount offered of $300 million. The notes will bear interest at the rate of 7.125% per annum. The notes are being sold at par. Quicksilver expects to close the sale of the notes on March 16, 2006, subject to the satisfaction of customary closing conditions.

Quicksilver plans to use the estimated net proceeds from the offering to repay its second lien mortgage notes and/or repay current borrowings under its bank credit facility. The remaining net proceeds will be used for general corporate purposes. J.P. Morgan Securities Inc. and Credit Suisse Securities (USA) LLC are acting as joint book-running managers.

A prospectus may be obtained, when available, on the SEC website at www.sec.gov or from J.P. Morgan Securities Inc. at 270 Park Avenue, 8th Floor, New York, NY 10017, attention Syndicate Desk.

About Quicksilver:

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude oil production company engaged in the development and production of unconventional natural gas reserves, including coal bed methane, shale gas, and tight sands gas. 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.

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