Quicksilver Gas Services LP (KGS) said it completed the purchase of the Alliance midstream gathering and treating assets from Quicksilver Resources Inc. (KWK) for a total preliminary adjusted purchase price of approximately $95 million. The acquired assets consist of gathering systems and related compression facilities with an aggregate current capacity of 115 million cubic feet per day, and a plant with amine treating capacity of 180 MMcfd and dehydration treating capacity of 200 MMcfd to the gathered gas. The purchase was funded through draws on the company's senior secured revolving credit facility. The sale of the additional units is expected to close on January 7, 2010. Net proceeds from the sale would be used to repay outstanding borrowings under the company's credit facility.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.