Quicksilver closes deal for Craig office
“It’s just an expansion of our operations in the area and it gives us the flexibility to operate out of (Craig and Steamboat Springs). I could see both offices being utilized as the workload dictates, but for the foreseeable future the bulk of the work will be conducted out of the Craig office.”
— Steve Lindsey, senior director of government and community affairs for Quicksilver Resources, based in Fort Worth, Texas
While energy operators were busy finalizing this year's drilling plans Wednesday, representatives from Quicksilver Resources were closing a deal for a new office building in Craig.
The oil and natural gas production company, based in Fort Worth, Texas, has had a presence in the Yampa Valley since early 2011 when it purchased an office in Steamboat Springs to serve as a base of operations in the company’s play for Niobrara shale oil.
Steve Lindsey, Quicksilver's senior director of government and community affairs, said the company would keep its Steamboat Springs office despite having no plans to drill in Routt County this year.
“It’s just an expansion of our operations in the area and it gives us the flexibility to operate out of (Craig and Steamboat Springs),” Lindsey said. “I could see both offices being utilized as the workload dictates, but for the foreseeable future the bulk of the work will be conducted out of the Craig office.”
The building Quicksilver purchased is commonly known as the "Old Greeley Gas Building,” located at 390 Yampa Ave.
The building was constructed in 1960 as the main office for Greeley Gas. Scott Hayden, of Denver-based Cherry Creek Properties, brokered the $330,000 deal.
The listing agent was local ReMax owner Pamela Horn.
Danny Mondragon, project manager for Quicksilver’s Colorado operations, said the company has already drilled 10 exploratory wells in the Niobrara Formation.
Nine wells are located in Moffat County, and one is in Routt County.
Citing difficulties in acquiring permits in Routt County, Mondragon said Quicksilver plans to drill anywhere from eight to 15 more wells this year, all of which will be located in Moffat County.
Those plans prompted the decision to open a Moffat County office.
“That really drives the choice of the location,” Lindsey said. “Having the opportunity to open an office closer to our area of operation is consistent with how we operate in other areas.”
Quicksilver currently employs anywhere from seven to 10 full-time employees in the Yampa Valley, plus an additional 10 who travel to the area on a regular basis.
Craig residents can expect to see Quicksilver employees occupying the local building “sometime by the end of the month,” Lindsey said.