Quicksilver Resources Inc.plans to lay off a total of 164 workers in Tarrant, Somervell and Denton counties, the Fort Worth-based company said in a letter to the Texas Workforce Commission dated Jan. 26.
Quicksilver filed for Chapter 11 bankruptcy protection in March 2015. The company’s assets were sold last month for $245 million to Tulsa-based BlueStone Natural Resources. That sale will help pay off Quiicksilver’s more than $2.35 billion in debt.
In its Worker Adjustment and Retraining Notification Act letter to the TWC, Quicksilver said the buyer of its assets has the opportunity to offer employment to Quicksilver employees “on the date Quicksilver expects to permanently close its operations on April 1, 2016.” The letter also said Quicksilver employees will be offered a severance package approved by the bankruptcy court.
The facilities being shuttered include those at 3001 Eagle Parkway in Fort Worth and 310 Bo Gibbs Blvd. in Glen Rose.
Like many energy companies, Quicksilver was caught in the rapid plunge of oil prices.