-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KM+4vWXYfTeBSJ9e6yirJkFcip0sh2SWECsJaDUPGT9zjA8v8WZz4T/NQpgQeBXb gIlT45FIR/X86+P6jl9TOA== 0001060990-08-000036.txt : 20080902 0001060990-08-000036.hdr.sgml : 20080901 20080902103702 ACCESSION NUMBER: 0001060990-08-000036 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20080902 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080902 DATE AS OF CHANGE: 20080902 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Quicksilver Gas Services LP CENTRAL INDEX KEY: 0001389030 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 562639586 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33631 FILM NUMBER: 081050593 BUSINESS ADDRESS: STREET 1: 777 WEST ROSEDALE STREET CITY: FORT WORTH STATE: TX ZIP: 76104 BUSINESS PHONE: (817) 665-8620 MAIL ADDRESS: STREET 1: 777 WEST ROSEDALE STREET CITY: FORT WORTH STATE: TX ZIP: 76104 8-K 1 form8-k.htm QUICKSILVER GAS SERVICES LP CURRENT REPORT ON FORM 8-K form8-k.htm
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
_______________
 
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
Date of report (Date of earliest event reported): September 2, 2008
 
 
QUICKSILVER GAS SERVICES LP
(Exact Name of Registrant as Specified in Charter)
 
Delaware
 
001-33631
 
56-2639586
(State or Other Jurisdiction of Incorporation)
 
(Commission File Number)
 
(IRS Employer Identification No.)
 
777 West Rosedale Street
Fort Worth, Texas 76104
(Address of Principal Executive Offices) (Zip Code)
 
 
Registrant’s telephone number, including area code: (817) 665-8620
 
_______________
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 
Item 8.01. 
  Other Events.
 
On September 2, 2008, Quicksilver Gas Services LP issued a press release announcing an increase to its 2008 capital budget.  A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
 
Item 9.01. 
  Financial Statements and Exhibits.
 
  (d) Exhibits.
 
Exhibit Number
 
Description
 
 
 
 
 



SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
 
 
QUICKSILVER GAS SERVICES LP
     
 
 By:
 Quicksilver Gas Services GP LLC,
     its General Partner
     
 
 By:
/s/ Philip Cook
   
Philip Cook
   
Senior Vice President -
   
Chief Financial Officer
 
 
Date: September 2, 2008
 



Index to Exhibits
 

Exhibit Number
 
Description
 
   
 
EX-99.1 2 ex99_1.htm QUICKSILVER GAS SERVICES LP PRESS RELEASE DATED SEPTEMBER 2, 2008 ex99_1.htm
 
 
Exhibit 99.1    
      
    
N e w s   R e l e a s e  
      
        QUICKSILVER GAS SERVICES LP    
        777 West Rosedale Street    
Fort Worth, TX  76104    
www.kgslp.com    
      

 
Quicksilver Gas Services Expands 2008 Capital Budget

FORT WORTH, TEXAS, (September 2, 2008) – Quicksilver Gas Services LP (NYSE Arca: KGS) announced that its board of directors has unanimously approved an increase of approximately $65 million to its 2008 capital budget to further expand and upgrade the company’s gathering and processing network.  In addition, the board approved approximately $40 million for the purchase of the Lake Arlington dry gathering system from Quicksilver Resources Inc. (NYSE: KWK).

The 2008 capital budget now totals $185 million and includes approximately $39 million for the construction of pipelines and gathering systems, approximately $26 million for compression, approximately $80 million associated with the construction of a third natural gas processing plant and approximately $40 million for the purchase of the Lake Arlington dry gathering system.

“Rapid demand growth for our gathering and processing services has provided incentives to expand and further upgrade our system at a faster rate than previously anticipated,” said Thomas (Toby) Darden, Quicksilver Gas Services president and chief executive officer.  “We are adding compression to our system to decrease line pressures and enable greater throughput to the existing gathering system.  We are also fast-tracking start-up of the first phase of our third processing plant to become operational by year end.”

Separately, Quicksilver Resources’ board of directors has approved additional pipeline-related capital expenditures associated with the Fort Worth Basin of approximately $20 million for 2008.  Quicksilver Gas Services will operate these assets on behalf of Quicksilver Resources and expects to acquire these assets over time.

About Quicksilver Gas Services

Fort Worth, Texas-based Quicksilver Gas Services is a growth-oriented limited partnership in the business of gathering and processing natural gas produced from the Barnett Shale geologic formation in the Fort Worth basin of north Texas.  The company began operation in 2004 to provide these services to Quicksilver Resources Inc., which owns our general partner.  For more information about Quicksilver Gas Services, visit www.kgslp.com.
 
-more-

 
 
NEWS RELEASE
Page 2 of 2

 

Forward-Looking Statement
The statements in this news release regarding future events, occurrences, circumstances, activities, performance, outcomes and results are forward-looking statements.  Although these statements reflect the current views, assumptions and expectations of Quicksilver Gas Services LP’s management, the matters addressed herein are subject to numerous risks and uncertainties, which could cause actual activities, performance, outcomes and results to differ materially from those indicated.  Factors that could result in such differences or otherwise materially affect Quicksilver Gas Services LP’s financial condition, results of operations and cash flows include:  changes in general economic conditions; fluctuations in natural gas prices; failure or delays in Quicksilver Resources Inc. and third parties achieving expected production from natural gas projects; competitive conditions in our industry; actions taken by third-party operators, processors and transporters; changes in the availability and cost of capital; operating hazards, natural disasters, weather-related delays, casualty losses and other matters beyond our control; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; the effects of existing and future laws and governmental regulations; and the effects of future litigation; as well as other factors disclosed in Quicksilver Gas Services LP’s filings with the Securities and Exchange Commission.  Except as required by law, we do not intend to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.




Investor and Media Contact
Rick Buterbaugh
817-665-4835
 
KGS 07-06
 
-end-

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