1060990--3/3/2009--QUICKSILVER_RESOURCES

related topics

{gas, price, oil}

{operation, natural, condition}

{debt, indebtedness, cash}

{stock, price, operating}

{loan, real, estate}

{operation, international, foreign}

{cost, regulation, environmental}

{personnel, key, retain}

{stock, price, share}

{competitive, industry, competition}

{acquisition, growth, future}

{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 domestic operations. We may have difficulty financing our planned growth. We are vulnerable to operational hazards, transportation dependencies, regulatory risks and other uninsured risks associated with our activities. 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 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, including environmental regulations that can adversely affect the cost, manner or feasibility of doing business. The risks associated with our debt could adversely affect our business, financial condition and results of operations, and such risk could increase if we incur more debt. Our debt agreements restrict our ability to engage in certain activities. 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.

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1060990--3/3/2009--QUICKSILVER_RESOURCES_INC