Mon, May 18th, 2009
May 18 (Reuters) - Independent oil and gas companyQuicksilver Resources Inc (KWK.N) said it agreed to sell 27.5percent of its Alliance leasehold interests to Italian energygiant Eni (ENI.MI) (E.N) for $280 million.
Quicksilver said it would use the net proceeds to repay itsdebt.
The deal, which includes the sale of 131 billion cubic feet(Bcf) of proved reserves and 96 Bcf of probable and possibleresources, is expected to close by June 15, Quicksilver said.
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