QUICKSILVER RESOURCES INC
SC 13D, 1999-03-12
CRUDE PETROLEUM & NATURAL GAS
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                                    UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                               WASHINGTON, D.C.  20549

                                     SCHEDULE 13D

                      UNDER THE SECURITIES EXCHANGE ACT OF 1934
                                (AMENDMENT NO. _____)*


                              QUICKSILVER RESOURCES INC.
- --------------------------------------------------------------------------------
                                   (NAME OF ISSUER)

                             Common Stock $.01 par value
- --------------------------------------------------------------------------------
                            (TITLE OF CLASS OF SECURITIES)

                                      74837R104
- --------------------------------------------------------------------------------
                                    (CUSIP NUMBER)

        Glenn M. Darden, 1619 Pennsylvania Avenue, Fort Worth, Texas 76104
- --------------------------------------------------------------------------------
          (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON AUTHORIZED 
                   TO RECEIVE NOTICES AND COMMUNICATIONS)

                                   March 4, 1999
- --------------------------------------------------------------------------------
              (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)


If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box / /.

Check the following box if a fee is being paid with the statement  / /.

Note: Six copies of this statement, including all exhibits, should be filed with
the Commission.  See Rule 13d-1(a) for other parties to whom copies are to be
sent.

*The remainder of this cover page should be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

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                                     SCHEDULE 13D

CUSIP No. 74837R104                   13D                 Page  2  of  7  Pages
          ---------                                            ---    --- 


- -------------------------------------------------------------------------------
 (1) NAMES OF REPORTING PERSONS.  
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

     Anne Darden Self
- -------------------------------------------------------------------------------
 (2) CHECK BOX THE APPROPRIATE BOX IF A MEMBER OF A GROUP*           (a)  / /
                                                                     (b)  /X/
- -------------------------------------------------------------------------------
 (3) SEC USE ONLY

- -------------------------------------------------------------------------------
 (4) SOURCE OF FUNDS*
     00
- -------------------------------------------------------------------------------
 (5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
     ITEMS 2(d) or 2(e)                                                   / /
- -------------------------------------------------------------------------------
 (6) CITIZENSHIP OR PLACE OF ORGANIZATION
     United States
- -------------------------------------------------------------------------------
                             (7)  SOLE VOTING POWER
    NUMBER OF                     467,373
     SHARES                  --------------------------------------------------
  BENEFICIALLY               (8)  SHARED VOTING POWER
    OWNED BY                      7,538,133
      EACH                   --------------------------------------------------
   REPORTING                 (9)  SOLE DISPOSITIVE POWER
     PERSON                       467,373
      WITH                   --------------------------------------------------
                             (10) SHARED DISPOSITIVE POWER
                                  7,538,133
- -------------------------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     8,005,506
- -------------------------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
                                                                          / /
- -------------------------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     58.9%
- -------------------------------------------------------------------------------
(14) TYPE OF REPORTING PERSON*
     IN
- -------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!

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SCHEDULE 13D

     This Schedule 13D is filed in connection with the closing of the
transactions under that certain Agreement and Plan of Merger and Reorganization
(the "Agreement") between Quicksilver Resources Inc. ("QRI") and MSR Exploration
Ltd. ("MSR") dated September 1, 1998 pursuant to which MSR merged into QRI (the
"Merger").  In connection with the Merger, QRI issued approximately one tenth
(.10) of one share of its Common Stock, par value $.01 per share to the former
shareholders of MSR in exchange for each of the issued and outstanding shares of
the capital stock of MSR.  Also, as a result of the Merger, QRI registered its
shares of Common Stock issued in the Merger under the Securities Act of 1933, as
amended.

ITEM 1.   SECURITY AND ISSUER.

          This Schedule 13D relates to the Common Stock of QRI.  QRI is a
          Delaware corporation and its principal executive offices are located
          at 1619 Pennsylvania Avenue, Fort worth, Texas 76104

ITEM 2.   IDENTITY AND BACKGROUND.

          (a)  NAME:

               Anne Darden Self

          (b)  BUSINESS ADDRESS:

                    2630 Fountain View, Suite 300
                    Houston, Texas 77057

          (c)  PRESENT PRINCIPAL OCCUPATION OR EMPLOYMENT AND THE NAME,
               PRINCIPAL BUSINESS AND ADDRESS WHERE EMPLOYMENT OCCURS.

                    Vice President of Human Resources
                    for Mercury Exploration Company

          (d)  INVOLVEMENT IN CERTAIN LEGAL PROCEEDINGS:

               Ms. Self has not been convicted in a criminal proceeding during
               the previous five years.  Ms. Self has not been a party in a
               civil or administrative proceeding involving an alleged violation
               of any state or federal securities laws during the previous five
               years.

          (e)  CITIZENSHIP:

               Ms. Self is a citizen of the United States.


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ITEM 3.   SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

          QRI was organized on December 18, 1997 under the laws of the State of
          Delaware for the purpose of combining certain oil and natural gas
          properties (the "QRI Properties") located in Michigan, Wyoming and
          Montana and owned by Michigan Gas Partners, Limited Partnership, a
          Texas limited partnership ("MGP"), Mercury Exploration Company, a
          Texas corporation ("Mercury") and Quicksilver Energy, L.C., a Michigan
          limited liability company ("QELC"), and thereafter exploring,
          developing, and operating the QRI Properties.  At the time of
          formation of QRI, Mercury was the sole general partner of MGP and
          Joint Energy Development Investments Limited Partnership, a Delaware
          limited partnership ("JEDI"), was the sole limited partner.  The
          membership interests in QELC are owned by Mercury, Frank Darden,
          Thomas F. Darden, Glenn Darden, and Anne Darden Self (the "Darden
          Family").  The Darden Family also owns, directly or indirectly,
          substantially all of the stock of Mercury.

          On April 9, 1998, the combination of oil and natural gas properties
          for which QRI was formed (the "Combination Transaction") was
          completed. Pursuant to an Agreement and Plan of Reorganization and
          Merger by and among QRI, QELC, MGP, Mercury, Trust Company of the
          West, a California trust company ("TCW"), in its capacity as
          Sub-Custodian for Mellon Bank for the benefit of a specified account,
          and JEDI, dated March 31, 1998, MGP was merged with and into QRI and
          certain assets and liabilities of Mercury and QELC were transferred to
          and assumed by QRI.  Indebtedness owed by QELC to TCW and by Mercury
          and QELC to NationsBank of Texas, N.A. ("NationsBank") was also
          restructured as part of the Combination Transaction.

          Effective as of January 1, 1998, QELC transferred all of its oil and
          gas properties in the states of Michigan and Montana to QRI as part of
          the Combination Transaction.  In the Combination Transaction, Frank
          Darden, Thomas F. Darden, Glenn M. Darden, and Anne Darden Self
          transferred to QRI certain contractual after payout or net profits
          interests owned by such individuals in some of the assets of Mercury
          or QELC that were transferred to QRI pursuant to the Combination
          Transaction.  As consideration for such transfers of contractual
          rights, QRI issued 2,356 shares of QRI Common Stock to each of Frank
          Darden, Thomas F. Darden, Glenn M. Darden and Anne Darden Self. 

          On March 4, 1999, MSR and QRI completed the Merger whereby MSR
          shareholders, received one tenth (.10) of one fully paid nonassessable
          share of QRI Common Stock for each share of MSR common stock that they
          owned.  Ms. Darden received 144,450 shares of QRI Common Stock.  In
          order to meet the requirements of the Merger and give effect to the
          relative percentage of the surviving corporation to be 


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          owned by MSR shareholders after the Merger, QRI issued to Ms. Self  
          240,567 shares of its Common Stock, as a result of a stock dividend 
          approved by QRI's Board of Directors on February 12, 1999.

ITEM 4.   PURPOSE OF TRANSACTION.

          Ms. Self acquired the Common Stock as described above and holds it as
          an investment.  Ms. Self intends for QRI to continue its business of
          oil and gas exploration and production and for the Common Stock of QRI
          to continue to be eligible for trading on the American Stock Exchange.
          Ms. Self may make purchases of Common Stock from time to time and may
          dispose of any or all of such shares held by it at any time.  Ms. Self
          does not have present plans or contemplates any present proposals that
          would result in any of the transactions described in Item 4 of
          Schedule 13D.

ITEM 5.   INTEREST IN SECURITIES OF THE ISSUER.

          Ms. Self is the beneficial owner of 8,005,506 shares of QRI's Common
          Stock (or approximately 58.9% of its outstanding shares), including
          QRI shares exercisable pursuant to the warrants described below.  Ms.
          Self holds the sole power to vote and dispose of 467,373 of these
          shares.  Ms. Self has shared power to vote and shared power to dispose
          of 7,524,683 of those shares as a result of her ownership interests in
          Mercury and QELC.  Ms. Self is also the co-trustee of five trusts for
          the benefit of her nieces and nephews, which own 13,450 shares of QRI
          Common Stock.  She shares the power to vote and dispose of such shares
          with her brothers Glenn and Thomas Darden.

          As a result of the Merger, Ms. Self also holds warrants to purchase
          110,000 shares of QRI's Common Stock, which can be exercised prior to
          March 31, 2002, subject to the Agreement Regarding Warrants described
          below.  Ms. Self, as a shareholder of Mercury is also deemed to
          beneficially own 594,000 shares of QRI Common Stock pursuant to
          warrants held by Mercury.

ITEM 6.   CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
          TO SECURITIES OF THE ISSUER.


          STOCKHOLDERS AGREEMENT.

          QRI, Mercury, QELC, the Darden Family, Jeff Cook, Jack Thurber, TCW,
          JEDI and Mercury Production Company, a Texas corporation and the owner
          of substantially all of the outstanding shares of common stock of
          Mercury ("Mercury Production"), are parties to a Stockholders
          Agreement, dated April 9, 1998, as amended on September 1, 1998 (the
          "Stockholders Agreement").


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          Mercury, QELC and the Darden Family (collectively, the "Darden
          Stockholders") have an obligation continuing past the time when QRI
          Common Stock becomes publicly traded to provide to JEDI and TCW a
          right of first refusal on any transfers of the QRI Common Stock.  The
          Darden Stockholders are further required to provide JEDI and TCW with
          a proportionate right to join in any transfers of shares of QRI Common
          Stock by Mercury, QELC or a member of the Darden Family.

          In addition, each of JEDI and TCW, so long as it is a holder of QRI
          Common Stock, has the right to elect a number of members of the Board
          of Directors of QRI representing a percentage of the entire Board of
          Directors as close as possible to the percentage of outstanding shares
          of QRI Common Stock held by JEDI or TCW, as applicable, but in no case
          less than one.

          QRI and QRI's stockholders, other than JEDI and TCW, are bound by
          certain covenants contained in the Stockholders Agreement, including a
          requirement to deliver specified information concerning QRI to JEDI
          and TCW so long as they are the owners of QRI Common Stock and not to
          take major corporate actions without the prior written consent of JEDI
          and TCW, such as amendment of QRI's Certificate of Incorporation,
          issuance of capital stock, merger of QRI into any other corporation or
          a sale of all or substantially all of QRI's assets.

          AGREEMENT REGARDING WARRANTS

          Mercury and the Darden Family also entered into an agreement regarding
          warrants with JEDI and TCW.  Mercury and the Darden Family have agreed
          that they will not exercise their warrants to purchase QRI Common
          Stock at $12.50 until (a) either (1) the market value of JEDI's QRI
          Common Stock exceeds $20,995,200; (2) JEDI no longer owns any QRI
          Common Stock; or (3) JEDI consents to the exercise in writing; and (b)
          either (1) TCW no longer owns its QRI Common Stock; or (2) TCW
          consents to the exercise in writing.  If any holder of the warrants
          exercises any of those warrants while TCW holds any QRI Common Stock,
          it gives TCW the put right to require Mercury to purchase all of QRI
          Common Stock owned by TCW, opt the Common Stock that TCW may have sold
          to Mercury or to others with Mercury's consent.

ITEM 7.   MATERIAL TO BE FILED AS EXHIBITS.

     -    Agreement and Plan of Merger and Reorganization by and among
          Quicksilver Resources Inc. and MSR Exploration, Ltd. dated as of
          September 1, 1998 (as filed as Exhibit 2.1 to QRI's Registration
          Statement on Form S-4 (SEC File No. 333-66709) and incorporated hereby
          by reference).


                                       5
<PAGE>

     -    Stockholders Agreement, dated April 9, 1998 and amended September 1,
          1998, by and among Quicksilver Resources, Inc., Mercury Exploration
          Company, Quicksilver Energy, L.C., Frank Darden, Thomas F. Darden,
          Glenn M. Darden, Anne Darden Self, Jeff Cook, Jack L. Thurber, Trust
          Company of the West, Joint Energy Development Investments Limited
          Partnership and Mercury Production Company (as filed as Exhibits 10.5
          and 10.6 to QRI's Registration Statement on Form S-4 (SEC File No.
          333-66709) and incorporated hereby by reference).

     -    Agreement Regarding Warrants, dated September 1, 1998, by and among
          Quicksilver Resources Inc., Mercury Exploration Company, Frank Darden,
          Thomas F. Darden, Glenn M. Darden, Anne Darden Self, Joint Energy
          Development Investments Limited Partnership and Trust Company of the
          West (as filed as Exhibit 10.13 to QRI's Registration Statement on
          Form S-4 (SEC File No. 333-66709) and incorporated hereby by
          reference).



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                                      SIGNATURE


     After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


                                       /s/ Anne Darden Self
                                       -------------------------------------
                                       Anne Darden Self

                                       Date: March 10, 1999
                                            --------------------------------



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