Quicksilver Resources is the latest producer to report a big loss in the third quarter after taking an impairment on the value of properties in light of low natural gas prices. The Fort Worth-based independent said it lost $651.8 million in the quarter, or $3.83 a share, after a $547 million write-off. After excluding all one-time charges, Quicksilver said it lost $8 million, or 4 cents a share, on revenue of $177.7 million. Financial analysts' consensus estimate was for an adjusted loss of 1 cent a share, and the company's shares were down more than 10 percent in early trading. The company finished the quarter with $2.17 billion in long-term debt.
-- Jim Fuquay