Quicksilver Provides Guidance on 2010 Volumes
Quicksilver expects 2010 average gathered volumes of approximately 500 million cubic feet per day (MMcfd) and that 2010 processed volumes will average more than 170 MMcfd. Gathered volumes are projected to more than double from the projected 2009 level and processed volumes are expected to increase more than 10%. The increase in gathering volumes is primarily due to the previously announced acquisition of the Alliance midstream assets from Quicksilver Resources and the associated volume of gas gathered and treated by these assets.
"The acquisition of the Alliance midstream assets is expected to be immediately accretive to all unitholders for both earnings and distributable cash flow," said Toby Darden, Quicksilver Gas Services president and chief executive officer. "These assets complement our existing operations in the Fort Worth Basin and provide opportunities for even stronger organic growth in the future."
The Alliance assets that are being acquired consist of gathering systems and related compression facilities with an aggregate current capacity of 115 million cubic feet per day (MMcfd), and a plant with amine treating capacity of 180 MMcfd and dehydration treating capacity of 200 MMcfd to the gathered gas.
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