Quicksilver Resources (KWK) has 210,000 net acres in the Sandwash Basin in Colorado that is prospective for the Niobrara Shale. The company has drilled and completed six producing wells to date into the Niobrara.
Quicksilver Resources drilled its first horizontal well into the Niobrara Shale in the fourth quarter of 2011. The well produced at an initial rate of 500 barrels of oil per day, and 230 barrels of oil equivalent per day during the first 45 days of production.
Quicksilver Resources plans to drill seven horizontal wells into the Niobrara in 2012.