Fort Worth-based Quicksilver Resources said it closed its previously announced sale of Montana properties to Synergy Offshore LLC for $46 million with an effective date of Jan. 1, 2013. With adjustments, the natural gas producer said it will net $42 million, which it will used to reduce debt.
In July the company announced that it agreed to sell its stake in about 143,000 acres with estimated reserves of 2.6 million barrels of oil equivalent. The property is in the Southern Alberta Basin in Cut Bank, Mont.
-- Jim Fuquay