Quicksilver Resources, a natural gas producer is selling a 25-percent stake in its Barnett Shale oil and gas assets to TG Barnett Resources LP, a subsidiary of Tokyo Gas Co. for $485 million.
Quicksilver will remain as operator of the assets which are located in Texas. The company holds about 130,000 net acres within the Barnett Shale formation in the Fort Worth basin of north Texas. The assets currently produce about 275 million cubic feet per day of shale gas and natural gas liquids marketed in the United States.The world is changing. China and Japan buying US energy assets.