Quicksilver halts IPO plans as NGL prices drop

摘要

Houston—US oil and natural gas producer Quicksilver Resources has withdrawn its $250 million initial public offering of a master limited partnership in part due to challenging NGL pricing, the company said. The Fort Worth, Texas-based company also said May 7 that net cash proceeds of $463 million from the sale of 25% of the company’s Barnett Shale assets to Tokyo Gas were used to reduce debt of $250 million and helped offset the need for the MLP offering.