Quicksilver Completes $42 Million Dropdown Sale

摘要

The trend of dropdown acquisitions continued this week with Quicksilver Resources Inc. selling its Lake Arlington Dry System to its MLP, Quicksilver Gas Services LP, for $42 million. However, this dropdown acquisition was set last year as part of two planned acquisitions that the MLP was obligated to acquire over time after they developed to a certain point. Quicksilver Gas Services had to complete the purchase once the system was completed.