Exhibit 99.1
                                  PRESS RELEASE

FOR IMMEDIATE RELEASE
July 1, 2003


         Quicksilver Resources Announces Subordinated Notes Refinancing


FORT WORTH, TEXAS (July 1, 2003) - Quicksilver  Resources Inc. (NYSE: KWK) today
announced the redemption of $53 million of 14.75 percent  Second  Mortgage Notes
due in 2009.  The notes were  redeemed  at 106  percent of par value and will be
funded by a new $70 million second lien note single draw facility.

The new $70 million  facility is a combined  LIBOR based  floating and seven and
one-half  percent fixed  interest  rate  commitment  with a termination  date of
December 31, 2006. A total of $30 million of the $70 million facility will be at
the  floating  rate,  which will  initially be 6.53  percent.  The excess of the
facility  over the $53 million  repayment  will be used to fund general  working
capital including the company's 2003 capital expenditure budget.

Due to the early  repayment of the $53 million Second Mortgage Notes the company
will incur a one-time second quarter 2003 redemption cost of approximately  $3.2
million before income taxes.

Bill Lamkin, Quicksilver's executive vice-president and chief financial officer,
commented on the refinancing.

"While the  refinancing  costs of $3.2  million  will  increase  second  quarter
interest  expense,  the approximately $1 million per quarter in interest expense
savings  going  forward  will give us a payback  in less than one year.  The $70
million medium term note facility  complements our capital structure by creating
additional  liquidity to support our aggressive 2003 and 2004 drilling  programs
and growth objectives."

About Quicksilver:

Quicksilver Resources,  headquartered in Fort Worth, Texas, is a natural gas and
crude oil  production  company  engaged in the  development  and  acquisition of
long-lived  producing natural gas and crude oil properties.  The company,  whose
main predecessor was established in 1963, began trading publicly on the American
Stock Exchange (KWK) in March of 1999. It has U.S. offices in Gaylord, Michigan,
Cut Bank, Montana, and Casper,  Wyoming,  and a Canadian subsidiary,  MGV Energy
Inc.,  located in  Calgary,  Alberta.  For more  information  about  Quicksilver
Resources, visit www.qrinc.com.

The statements in this press release regarding projections of revenues or income
or reserves or similar items, such as statements  pertaining to future revenues,
future capital  expenditures,  future cash flows,  future operations or results,
and  other  statements  that  are not  historical  facts,  are  forward  looking
statements.  Such  statements  involve  risks of  declining  oil and gas prices,
competition for prospects, possible increases in lifting costs and other factors
detailed in the Company's  filings with the Securities and Exchange  Commission.
Should  one or more of  these  risks or  uncertainties  materialize,  or  should
underlying assumptions prove incorrect, actual outcomes may vary materially from
those indicated.