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Condensed Consolidating Financial Information (Tables)
9 Months Ended
Sep. 30, 2011
Condensed Consolidating Financial Information [Abstract] 
Schedule Of Condensed Consolidated Balance Sheets
                                         
    September 30, 2011  
            Restricted     Restricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                    (In thousands)                  
ASSETS
                                        
Current assets
   $ 280,905     $ 87,401     $ 46,836     $ (197,478 )   $ 217,664  
Property and equipment
     2,677,287       97,863       601,655       -       3,376,805  
Investment in subsidiaries (equity method)
     273,362       -       -       (251,637 )     21,725  
Other assets
     358,876       -       32,024       (243,620 )     147,280  
 
                    
Total assets
   $ 3,590,430     $ 185,264     $ 680,515     $ (692,735 )   $ 3,763,474  
 
                    
 
                                        
LIABILITIES AND EQUITY
                                        
Current liabilities
   $ 465,245     $ 110,573     $ 37,298     $ (197,478 )   $ 415,638  
Long-term liabilities
     2,007,391       21,871       444,400       (243,620 )     2,230,042  
Stockholders' equity
     1,117,794       52,820       198,817       (251,637 )     1,117,794  
 
                    
Total liabilities and equity
   $ 3,590,430     $ 185,264     $ 680,515     $ (692,735 )   $ 3,763,474  
 
                    

                                         
    December 31, 2010  
            Restricted     Restricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                    (In thousands)                  
ASSETS
                                        
Current assets
   $ 295,697     $ 86,582     $ 49,424     $ (193,531 )   $ 238,172  
Property and equipment
     2,416,138       68,390       583,317       —       3,067,845  
Assets of midstream operations
     —       27,178       —       —       27,178  
Investment in subsidiaries (equity method)
     369,608       —       —       (286,267 )     83,341  
Other assets
     339,227       —       191       (243,620 )     95,798  
 
                              
Total assets
   $ 3,420,670     $ 182,150     $ 632,932     $ (723,418 )   $ 3,512,334  
 
                              
 
                                        
LIABILITIES AND EQUITY
                                        
Current liabilities
   $ 496,852     $ 106,627     $ 53,152     $ (193,531 )   $ 463,100  
Long-term liabilities
     1,864,410       20,346       347,259       (243,620 )     1,988,395  
Liabilities of midstream operations
     —       1,431       —       —       1,431  
Stockholders' equity
     1,059,408       53,746       232,521       (286,267 )     1,059,408  
 
                              
Total liabilities and equity
   $ 3,420,670     $ 182,150     $ 632,932     $ (723,418 )   $ 3,512,334  
 
                              
Schedule Of Condensed Consolidated Statements Of Income
                                         
    For the Three Months Ended September 30, 2011  
            Restricted     Restricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                    (In thousands)                  
Revenue
   $ 209,036     $ 1,095     $ 50,609     $ (847 )   $ 259,893  
Operating expenses
     162,603       1,706       28,450       (847 )     191,912  
Equity in net earnings of subsidiaries
     14,728       -       -       (14,728 )     -  
 
                    
Operating income (loss)
     61,161       (611 )     22,159       (14,728 )     67,981  
Income from earnings of BBEP
     14,370       -       -       -       14,370  
Interest expense and other
     (37,003 )     -       (248 )     -       (37,251 )
Income tax (expense) benefit
     (9,842 )     213       (6,785 )     -       (16,414 )
 
                    
Net income (loss)
   $ 28,686     $ (398 )   $ 15,126     $ (14,728 )   $ 28,686  
 
                    
                                                                 
    For the Three Months Ended September 30, 2010  
            Restricted     Restricted     Restricted     Quicksilver     Unrestricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Subsidiary     and Restricted     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                            (In thousands)                          
Revenue
   $ 204,389     $ 1,802     $ 28,609     $ (894 )   $ 233,906     $ 30,366     $ (26,572 )   $ 237,700  
Operating expenses
     132,704       30,776       21,689       (894 )     184,275       14,905       (26,572 )     172,608  
Equity in net earnings of subsidiaries
     (10,600 )     7,465       -       10,600       7,465       -       (7,465 )     -  
 
                                
Operating income (loss)
     61,085       (21,509 )     6,920       10,600       57,096       15,461       (7,465 )     65,092  
Income from earnings of BBEP
     17,024       -       -       -       17,024       -       -       17,024  
Interest expense and other
     (32,266 )     -       (1,828 )     -       (34,094 )     (3,185 )     -       (37,279 )
Income tax expense
     (24,040 )     7,528       (1,711 )     -       (18,223 )     (45 )     -       (18,268 )
 
                                
Net income (loss)
   $ 21,803     $ (13,981 )   $ 3,381     $ 10,600     $ 21,803     $ 12,231     $ (7,465 )   $ 26,569  
Net income attributable to noncontrolling interests
     -       -       -       -       -       (4,766 )     -       (4,766 )
 
                                
Net income (loss) attributable to Quicksilver
   $ 21,803     $ (13,981 )   $ 3,381     $ 10,600     $ 21,803     $ 7,465     $ (7,465 )   $ 21,803  
 
                                

                                         
    For the Nine Months Ended September 30, 2011  
            Restricted     Restricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                    (In thousands)                  
Revenue
   $ 591,394     $ 3,584     $ 128,333     $ (2,785 )   $ 720,526  
Operating expenses
     442,166       4,512       130,769       (2,785 )     574,662  
Equity in net earnings of subsidiaries
     (6,575 )     -       -       6,575       -  
 
                    
Operating income (loss)
     142,653       (928 )     (2,436 )     6,575       145,864  
Loss from earnings of BBEP
     (32,721 )     -       -       -       (32,721 )
Interest expense and other
     (3,182 )     -       (3,500 )     -       (6,682 )
Income tax (expense) benefit
     (40,235 )     324       (35 )     -       (39,946 )
 
                    
Net income (loss)
   $ 66,515     $ (604 )   $ (5,971 )   $ 6,575     $ 66,515  
 
                    
                                                                 
    For the Nine Months Ended September 30, 2010  
            Restricted     Restricted     Restricted     Quicksilver     Unrestricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Subsidiary     and Restricted     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Eliminations     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                            (In thousands)                          
Revenue
   $ 582,283     $ 5,013     $ 93,158     $ (2,219 )   $ 678,235     $ 82,299     $ (72,106 )   $ 688,428  
Operating expenses
     364,202       35,129       68,831       (2,219 )     465,943       44,787       (72,106 )     438,624  
Equity in net earnings of subsidiaries
     5,546       17,414       -       (5,546 )     17,414       -       (17,414 )     -  
 
                                
Operating income (loss)
     223,627       (12,702 )     24,327       (5,546 )     229,706       37,512       (17,414 )     249,804  
Income from earnings of BBEP
     24,203       -       -       -       24,203       -       -       24,203  
Interest expense and other
     (60,667 )     -       (5,050 )     -       (65,717 )     (8,808 )     -       (74,525 )
Income tax (expense) benefit
     (70,369 )     4,446       (5,475 )     -       (71,398 )     (171 )     -       (71,569 )
 
                                
Net income (loss)
   $ 116,794     $ (8,256 )   $ 13,802     $ (5,546 )   $ 116,794     $ 28,533     $ (17,414 )   $ 127,913  
Net income attributable to noncontrolling interests
     -       -       -       -       -       (11,119 )     -       (11,119 )
 
                                
Net income (loss) attributable to Quicksilver
   $ 116,794     $ (8,256 )   $ 13,802     $ (5,546 )   $ 116,794     $ 17,414     $ (17,414 )   $ 116,794  
 
                                
Schedule Of Condensed Consolidated Statements Of Cash Flows
                                 
    For the Nine Months Ended September 30, 2011  
            Restricted     Restricted     Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Consolidated  
            (In thousands)          
Net cash flow provided by operations
   $ 126,921     $ 2,224     $ 45,521     $ 174,666  
Capital expenditures
     (402,286 )     (2,224 )     (146,444 )     (550,954 )
Proceeds from sale of BBEP units
     145,799       -       -       145,799  
Proceeds from sale of properties and equipment
     2,515       -       1,204       3,719  
 
                
Net cash flow used by investing activities
     (253,972 )     (2,224 )     (145,240 )     (401,436 )
Issuance of debt
     402,500       -       246,319       648,819  
Repayments of debt
     (313,880 )     -       (142,006 )     (455,886 )
Debt issuance costs
     (7,467 )     -       (2,809 )     (10,276 )
Proceeds from exercise of stock options
     733       -       -       733  
Purchase of treasury stock
     (4,841 )     -       -       (4,841 )
 
                
Net cash flow provided by financing activities
     77,045       -       101,504       178,549  
Effect of exchange rates on cash
     -       -       (114 )     (114 )
 
                
Net increase (decrease) in cash and equivalents
     (50,006 )     -       1,671       (48,335 )
Cash and equivalents at beginning of period
     54,937       -       -       54,937  
 
                
Cash and equivalents at end of period
   $ 4,931     $ -     $ 1,671     $ 6,602  
 
                

                                                         
    For the Nine Months Ended September 30, 2010  
            Restricted     Restricted     Quicksilver     Unrestricted             Quicksilver  
    Quicksilver     Guarantor     Non-Guarantor     and Restricted     Non-Guarantor     Consolidating     Resources Inc.  
    Resources Inc.     Subsidiaries     Subsidiaries     Subsidiaries     Subsidiaries     Eliminations     Consolidated  
                            (In thousands)                          
Net cash flow provided by operating activities
   $ 257,090     $ 593     $ 59,704     $ 317,387     $ 44,873     $ (14,870 )   $ 347,390  
Capital expenditures
     (380,507 )     (593 )     (53,362 )     (434,462 )     (52,470 )     (7,406 )     (494,338 )
Distribution to parent
     80,276       -       -       80,276       (80,276 )     -       -  
Proceeds from sale of BBEP units
     22,498                       22,498       -       -       22,498  
Proceeds from sale of properties and equipment
     1,030       -       -       1,030       -       -       1,030  
 
                            
Net cash flow used by investing activities
     (276,703 )     (593 )     (53,362 )     (330,658 )     (132,746 )     (7,406 )     (470,810 )
Issuance of debt
     478,500       -       39,532       518,032       143,200       -       661,232  
Repayments of debt
     (414,500 )     -       (46,443 )     (460,943 )     (30,100 )     -       (491,043 )
Debt issuance costs
     (109 )     -       -       (109 )     -       -       (109 )
Gas Purchase Commitment — net
     (25,900 )     -       -       (25,900 )     -       -       (25,900 )
Issuance of KGS common units
     -       -       -       -       11,054       -       11,054  
Distributions to parent
     -       -               -       (22,276 )     22,276       -  
Distributions to noncontrolling interests
     -       -       -       -       (13,550 )     -       (13,550 )
Proceeds from exercise of stock options
     1,388       -       -       1,388       -       -       1,388  
Treasury transactions — equity
     (4,851 )     -       -       (4,851 )     (1,144 )     -       (5,995 )
 
                            
Net cash flow provided (used) by financing activities
     34,528       -       (6,911 )     27,617       87,184       22,276       137,077  
Effect of exchange rates on cash
     -       -       (306 )     (306 )     -       -       (306 )
 
                            
Net increase (decrease) in cash and equivalents
     14,915       -       (875 )     14,040       (689 )     -       13,351  
Cash and equivalents at beginning of period
     5       -       1,034       1,039       746       -       1,785  
 
                            
Cash and equivalents at end of period
   $ 14,920     $ -     $ 159     $ 15,079     $ 57     $ -     $ 15,136