1060990--3/15/2010--QUICKSILVER_RESOURCES

related topics

{gas, price, oil}

{loan, real, estate}

{cost, regulation, environmental}

{stock, price, operating}

{operation, natural, condition}

{debt, indebtedness, cash}

{operation, international, foreign}

{acquisition, growth, future}

{provision, law, control}

{stock, price, share}

{personnel, key, retain}

{competitive, industry, competition}

{product, candidate, development}

{loss, insurance, financial}

Our production is concentrated in a small number of geographic areas. Our Canadian operations present unique risks and uncertainties, different from or in addition to those we face in our U.S. operations. If we are unable to obtain needed capital or financing on satisfactory terms, our ability to replace our reserves or to maintain current production levels may be limited. Our business involves many hazards and operational risks, some of which may not be insurable. The occurrence of a significant accident or other event that is not insured or not adequately insured could curtail our operations and have a material adverse effect on our business, results of operations and financial condition. The failure to replace our reserves could adversely affect our production and cash flows. We have risk through our investment in BBEP. We have risk through our ownership of KGS. We cannot control the operations of gas processing, liquids fractionation and transportation facilities we do not own or operate. The loss of key personnel could adversely affect our ability to operate. Competition in our industry is intense, and we are smaller and have a more limited operating history than many of our competitors. Hedging our production may result in losses or limit our ability to benefit from price increases. Delays in obtaining oil field equipment and increases in drilling and other service costs could adversely affect our ability to pursue our drilling program and our results of operations. Our activities are regulated by complex laws and regulations that can adversely affect the cost, manner or feasibility of doing business. We are subject to environmental laws, regulations and permits, including greenhouse gas requirements that may expose us to significant costs, liabilities and obligations. The risks associated with our debt could adversely affect our business, financial condition and results of operations and the value of our securities. The provisions of our debt agreements and the risks associated with our debt could adversely affect our business, financial condition and results of operations. Parties with whom we do business may become unable or unwilling to timely perform their obligations to us. A small number of existing stockholders exercise significant control over our company, which could limit your ability to influence the outcome of stockholder votes. A large number of our outstanding shares and shares to be issued upon conversion of our outstanding convertible debentures or exercise of our outstanding options may be sold into the market in the future, which could cause the market price of our common stock to drop significantly, even if our business is performing well. Our amended and restated certificate of incorporation, restated bylaws and stockholder rights plan contain provisions that could discourage an acquisition or change of control without our board of directors approval. If we do not make acquisitions on economically acceptable terms, our future growth will be limited.

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1060990--3/15/2010--QUICKSILVER_RESOURCES_INC