Crestwood Midstream Responds to Quicksilver Announcement

HOUSTON--(BUSINESS WIRE)--Yesterday, Quicksilver Resources Inc. (“KWKA”) announced its decision to not make an interest payment currently due and to enter a thirty (30) day grace period under the applicable indenture. Based upon the announcement, to the extent the payment is not made during the grace period and a debt restructuring plan is not reached between KWKA and its creditors, this would result in an event of default which may lead to the need for KWKA to seek voluntary protection under Chapter 11 of the United States Bankruptcy Code. We continue to support KWKA’s restructuring efforts and hope that they are successful.