On August 31, 2016, Quicksilver Resources Inc. went out of business as per Chapter 11 liquidation under bankruptcy filing. Quicksilver Resources Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, production, and sale of natural gas, natural gas liquids, and oil in North America. The company focuses primarily on unconventional reservoirs, such as fractured shales and coal beds. It owns oil and natural gas properties that are principally located in Texas, the United States, as well as in Alberta and British Columbia, Canada. The company’s principal properties include the Barnett Shale covering an area of approximately 89,000 net acres located in the Fort Worth basin of North Texas; Horn River covering an area of approximately 126,000 net acres located in the Horn River basin of northeast British Columbia; Horseshoe Canyon covering an area of approximately 343,000 net acres located in the Horseshoe Canyon, Alberta; and West Texas asset, which covers approximately 27,000 net acres in Pecos County. As of December 31, 2014, it had total proved reserves of approximately 1.1 trillion cubic feet of natural gas equivalents. The company was founded in 1997 and is headquartered in Fort Worth, Texas.