The
Fort
Worth,
Texas-based,
New
York-listed
explorer
said
that
it
had
agreed
an
area
of
mutual
interest
with
Shell
covering
more
than
850,000
acres
of
northwestern
Colorado.
Chairman
Toby
Darden
said
deal
was
“a
validation
of
Quicksilver's
efforts
over
the
past
two
years
to
unlock
significant
oil
reserves
in
the
Niobrara
shale
formation”.
Each
will
each
assign
to
the
other
a
50%
working
interest
in
the
majority
of
their
acreage
in
the
basin
so
that
each
party
will
own
half
of
around
330,000
acres
and
have
the
right
to
gain
half
of
any
acquisition
within
the
AMI.
The
minnow
said…
