Quicksilver Resources Announces Commencement of Public Offering for 7,000,000 Units of Breitburn Energy Partners L.P.

14.06.2011  |  Marketwired

FORT WORTH, TX -- (Marketwire) -- 06/14/11 -- Quicksilver Resources Inc. (NYSE: KWK) announced today a registered underwritten public offering of 7,000,000 units of BreitBurn Energy Partners L.P. (NASDAQ: BBEP). The underwriters will have a 30-day option to purchase up to 1,050,000 additional units to cover over allotments. Net proceeds from the offering are expected to be used to pay down a portion of the outstanding borrowings under Quicksilver's senior secured credit facility and for general corporate purposes. Quicksilver currently owns approximately 15,600,000 units of BBEP.

Deutsche Bank Securities, BofA Merrill Lynch, Citi and Wells Fargo Securities, are acting as joint book-running managers for the offering.

The offering is being made pursuant to BBEP's effective shelf registration statement. The offering may be made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained by sending a request to:

Deutsche Bank Securities

Prospectus Department

Harborside Financial Center, 100 Plaza One

Jersey City, NJ 07311-3988

telephone: (800) 503-4611

email: prospectus.cpdg@db.com

BofA Merrill Lynch

4 World Financial Center

New York, NY 10080

Attn: Prospectus Department

email: dg.prospectus_requests@baml.com

Citi

Brooklyn Army Terminal

140 58th Street, 8th Floor

Brooklyn, NY 11220

telephone: (800) 831-9146

Wells Fargo Securities

Attn: Equity Syndicate Dept.

375 Park Avenue

New York, NY 10152

telephone: (800) 326-5897

email: cmclientsupport@wellsfargo.com

A registration statement relating to these securities has been filed with and declared effective by the U.S. Securities and Exchange Commission. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any sales of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state. Any offer or sale will be made only by means of the written prospectus forming a part of the effective registration statement.

KWK 11-08

Investor and Media Contact:
John Hinton

(817) 665-4990