FORT WORTH, TX–(EMWNews – August 8, 2008) – Quicksilver Resources Inc. (NYSE: KWK) has

closed the previously announced acquisition of producing and non-producing

leasehold, royalty and midstream assets associated with the Barnett Shale

formation in northern Tarrant and southern Denton counties of Texas from

various private parties including Chief Resources LP, Hillwood Oil & Gas,

L.P. and Collins and Young, L.L.C. for $1 billion in cash and 10,400,468

shares of Quicksilver Resources common stock.

The purchase includes 13,000 net acres in the Fort Worth Basin of northern

Texas. Quicksilver’s internal engineers estimate the properties contain

more than 1 trillion cubic feet of recoverable natural gas resources

including approximately 350 billion cubic feet of proved reserves, of which

approximately 40% are proved developed. Current production from the

properties is approximately 50 million cubic feet per day of natural gas.

About Quicksilver Resources

Fort Worth, Texas-based Quicksilver Resources is a natural gas and crude

oil exploration and production company engaged in the development and

acquisition of long-lived, unconventional natural gas reserves, including

coalbed methane, shale gas, and tight sands gas in North America. The

company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas and Cut

Bank, Montana. Quicksilver’s Canadian subsidiary, Quicksilver Resources

Canada Inc., is headquartered in Calgary, Alberta. For more information

about Quicksilver Resources, visit www.qrinc.com.

Forward-Looking Statements

The statements in this press release regarding future events, occurrences,

circumstances, activities, performance, outcomes and results are

forward-looking statements within the meaning of the Private Securities

Litigation Reform Act of 1995. Although these statements reflect the

current views, assumptions and expectations of Quicksilver Resources’

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

Resources’ financial condition, results of operations and cash flows

include: changes in general economic conditions; fluctuations in natural

gas, natural gas liquids and crude oil prices; failure or delays in

achieving expected production from natural gas, natural gas liquids and

crude oil exploration and development projects; effects of hedging natural

gas, natural gas liquids and crude oil prices; uncertainties inherent in

estimates of natural gas, natural gas liquids and crude oil reserves and

predicting natural gas, natural gas liquids and crude oil reservoir

performance; effects of hedging natural gas, natural gas liquids and crude

oil; competitive conditions in our industry; actions taken by third

parties, including operators, processors and transporters; changes in the

availability and cost of capital; delays in obtaining oilfield equipment

and increases in drilling and other service costs; operating hazards,

natural disasters, weather-related delays, casualty losses and other

matters beyond our control; the effects of existing and future laws and

governmental regulations; and the effects of existing or future litigation;

as well as, other factors disclosed in Quicksilver Resources’ 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.

KWK 08-18