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 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.