Quicksilver to lay off 164 workers in connection with bankruptcy

🕐 1 min read

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.

- Advertisement -

Like many energy companies, Quicksilver was caught in the rapid plunge of oil prices. 

Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles