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Quicksilver Resources To Sell Quicksilver Gas Services To Crestwood Midstream Partners

New Energy market report from GlobalData: "Quicksilver Resources To Sell Quicksilver Gas Services To Crestwood Midstream Partners: Quicksilver Resource to Repay Borrowings - Deal Analysis From GlobalData"

 
PRLog - Sep. 1, 2010 - Quicksilver Resources, Inc. (Quicksilver Resources), a company engaged in natural gas and crude oil exploration and production, entered into a definitive agreement to sell its 100% interest in Quicksilver Gas Services LP (Quicksilver Gas), a midstream master limited partnership engaged in the business of gathering and processing natural gas, to Crestwood Midstream Partners II, LLC, (Crestwood) for a consideration of $1,000 million.

Of the total consideration, $701 million is to be paid in cash, $228 million of consolidated debt associated with Quicksilver Gas, and $72 million in earn-out payments in the future. The sale includes 469,944 general partner units representing 100% of the general partner membership interests, 5,696,752 common units, 11,513,625 subordinated units and the note receivable from Quicksilver Gas which had a balance of approximately $57 million as of June 30, 2010.

Following the completion of the transaction, Quicksilver Resources expects to repay all outstanding borrowings under its $1 billion senior secured credit facility, of which approximately $528 million is currently outstanding, resulting in total liquidity of more than $1 billion.

UBS Financial Services is acting as financial advisor and Davis Polk & Wardwell LLP is acting as legal counsel to Quicksilver Resources in connection with the transaction. The transaction is not subject to financing contingencies and is expected to complete in October 2010

Scope

* Rationale behind Quicksilver selling its assets To Crestwood
* Strategic Benefits for the companies involved
* Geography covered -US

Reasons to buy

* Develop a sound undestanding of the major M&A's, Partnerships, And Joint Ventures taking place in North American Oil & Gas industry
* Identify the most lucrative segments to leverage on the growth oppurtunities available in the US oil & gas market
* Get a detailed analysis of a deal to enable you to take better decisions

For more information or to purchase this report, go to:
-  http://www.fastmr.com/prod/80217_quicksilver_resources_to...

Report Table of Contents:

1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 2
1.2 List of Figures 2
2 GlobalData Deal Analysis 3
2.1 Summary 3
2.2 Deal Overview 3
3 Quicksilver Resources To Sell Quicksilver Gas Services To Crestwood Midstream Partners 3
3.1 Deal Overview 3
3.2 Deal in Brief 3
3.3 Quicksilver Resources  is selling Quicksilver Gas  to pay the debts 4
3.4 Quicksilver Gas is achieving high growth 5
3.5 Crestwood plans to expand through acquisitions and by constructing new midstream assets 5
3.6 Quicksilver's asset has potential 5
3.7 Acquisition will benefits both the players 7
3.8 Deal Financials and Valuations 7
3.8.1 Companies Involved 7
3.8.2 Deal Financials 7
3.8.3 Deal Rationale 7
3.8.4 Advisor Information 8
3.8.5 Detailed Target Information 8
3.8.6 Key Financials 9
3.8.7 Share Price Information 9
3.8.8 Company Valuation Multiples 9
3.8.9 Detailed Acquirer Information 10
3.8.10 Detailed Vendor Information 10
4 Appendix 11
4.1 About Energy eTrack 11
4.2 Methodology 11
4.2.1 Coverage 11
4.2.2 Secondary Research 12
4.2.3 Primary Research 12
4.2.4 Expert Panel Validation 12
4.3 Contact Us 13
4.4 Disclaimer 13

1.1 List of Tables
Table 1: Companies Involved 7
Table 2: Financials of the Deal 7
Table 3: Advisor Information 8
Table 4:Target Information 8
Table 5:Financial Information 9
Table 6:Share Price Information 9
Table 7: Company Valuation Multiples 9
Table 8: Acquirer Information 10
Table 9: Vendor Information 10

1.2 List of Figures
Figure 1: Quicksilver Resources, Operations Map, Canada, 2010 4
Figure 2: Quarterly Distribution Growth, Quicksilver Gas Services, 2007-2010 5
Figure 3: Quicksilver Gas Service, Operation Map, 2010 6
Figure 4: GlobalData Methodology 11

About GlobalData

GlobalData is a leading provider of global business intelligence including market, competitor, product and customer information. It provides in-depth research, analysis, data and forecasts through a range of interactive online databases, reports and management briefings. GlobalData has a large team of experienced research and analysis, consulting, and marketing experts. It has a global presence, including key offices in the US, Europe and Asia. The group has over 50 years of experience of delivering market intelligence data and analysis and a highly experienced senior management team.  View more research from GlobalData at http://www.fastmr.com/catalog/publishers.aspx?pubid=1015

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

# # #

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

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Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Energy, Industrial, Research
Tags:quicksilver, crestwood quicksilver, Gas, resources, crestwood, midstream, advisor, globaldata, oil, debt, borrowings
Shortcut:prlog.org/10898056
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