Attached files
| file | filename |
|---|---|
| 8-K - 8-K - QUICKSILVER RESOURCES INC | kwk8-k06032013.htm |
| EX-99.2 - EXHIBIT - QUICKSILVER RESOURCES INC | a99206032013.htm |
| EX-99.1 - EXHIBIT - QUICKSILVER RESOURCES INC | a99106032013.htm |
Exhibit 99.3
The following tables set forth summary data with respect to estimated proved reserves and present value, by region, at December 31, 2012 and are determined using the prices indicated. The values were determined in accordance with current Securities Exchange Commission ("SEC") rules and regulations.
Proved Reserves at Dec. 31, 2012 using SEC Prices
Oil (Mbbls) | Gas (Bcf) | NGL (Mbbls) | Total (Bcfe) | PV-10 ($MM) | % Proved Developed | |||||||||||||
Region | ||||||||||||||||||
Barnett | 188 | 846,276 | 56,007 | 1,183 | 511 | 85 | % | |||||||||||
Other U.S. | 2,340 | 1,772 | 167 | 17 | 39 | 100 | % | |||||||||||
Total Proved U.S. | 2,529 | 848,048 | 56,174 | 1,200 | 550 | 85 | % | |||||||||||
Horn River | — | 104,798 | — | 105 | (2 | ) | 100 | % | ||||||||||
Horseshoe Canyon | — | 161,985 | 10 | 162 | 62 | 100 | % | |||||||||||
Total Proved Canada | — | 266,783 | 10 | 267 | 59 | 100 | % | |||||||||||
Total Proved | 2,529 | 1,114,831 | 56,184 | 1,467 | 609 | 88 | % | |||||||||||
Proved Reserves at Dec. 31, 2012 using Strip prices at Feb. 28, 2013
Oil (Mbbls) | Gas (Bcf) | NGL (Mbbls) | Total (Bcfe) | PV-10 ($MM) | % Proved Developed | |||||||||||||
Region | ||||||||||||||||||
Barnett | 160 | 1,300,593 | 58,282 | 1,651 | 1,276 | 80 | % | |||||||||||
Other U.S. | 2,250 | 2,923 | 167 | 17 | 33 | 3 | % | |||||||||||
Total Proved U.S. | 2,410 | 1,303,516 | 58,450 | 1,669 | 1,309 | 81 | % | |||||||||||
Horn River | — | 106,908 | — | 107 | 91 | 100 | % | |||||||||||
Horseshoe Canyon | — | 247,742 | 11 | 248 | 254 | 100 | % | |||||||||||
Total Proved Canada | — | 354,650 | 11 | 355 | 345 | 100 | % | |||||||||||
Total Proved | 2,410 | 1,658,165 | 58,461 | 2,023 | 1,655 | 84 | % | |||||||||||
Pro Forma1 Proved Reserves at Dec. 31, 2012 using Strip prices at Feb. 28, 2013
Oil (Mbbls) | Gas (Bcf) | NGL (Mbbls) | Total (Bcfe) | PV-10 ($MM) | % Proved Developed | |||||||||||||
Region | ||||||||||||||||||
Barnett | 120 | 975,445 | 43,712 | 1,238 | 957 | 80 | % | |||||||||||
Other U.S. | 2,250 | 2,923 | 167 | 17 | 33 | 3 | % | |||||||||||
Total Proved U.S. | 2,370 | 978,367 | 43,879 | 1,256 | 990 | 81 | % | |||||||||||
Horn River | 0 | 106,908 | 0 | 107 | 91 | 100 | % | |||||||||||
Horseshoe Canyon | 0 | 247,742 | 11 | 248 | 254 | 100 | % | |||||||||||
Total Proved Canada | 0 | 354,650 | 11 | 355 | 345 | 100 | % | |||||||||||
Total Proved | 2,370 | 1,333,017 | 43,890 | 1,611 | 1,336 | 85 | % | |||||||||||
Strip Prices at Feb. 28, 2013
2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023+ | ||||||||||||
NYMEX Gas ($/mmbtu) | 3.67 | 4.06 | 4.27 | 4.43 | 4.60 | 4.82 | 5.08 | 5.37 | 5.67 | 5.99 | 6.34 | |||||||||||
WTI Oil ($/bbl) | 92.80 | 90.67 | 87.72 | 85.53 | 84.18 | 83.21 | 83.21 | 83.21 | 83.21 | 83.21 | 83.21 | |||||||||||
NGL2 ($/bbl) | 30.62 | 29.92 | 28.95 | 28.22 | 27.78 | 27.46 | 27.46 | 27.46 | 27.46 | 27.46 | 27.46 | |||||||||||
1 Pro Forma reserves reflect Quicksilver’s proved reserves and present values after selling a 25% interest in its Barnett Shale Asset
2 Assumes 33% of WTI crude oil price