Case LSS Doc 723 Filed 10/21/15 Page 1 of 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE

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1 Case LSS Doc 723 Filed 10/21/15 Page 1 of 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re:, et al., 1 Debtors. Chapter 11 Case No (LSS) Jointly Administered FIFTH MONTHLY FEE STATEMENT FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES OF DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP TO PROVIDE (I) JOHN LITTLE TO SERVE AS THE DEBTORS STRATEGIC ALTERNATIVES OFFICER AND (II) SERVICES RELATED THERETO FOR THE PERIOD OF AUGUST 1, 2015 THROUGH AUGUST 31, 2015 Name of Applicant: Authorized to Provide Professional Services as: Date of Retention: Period for which Compensation and Reimbursement is Sought: Deloitte Transactions and Business Analytics LLP Strategic Alternatives Officer and Related Services Effective Nunc Pro Tunc to March 17, 2015 by Order Entered May 6, 2015 August 1, 2015 through August 31, 2015 Amount of Compensation Sought as Actual, Reasonable, and Necessary $ 190, Amount of Expense Reimbursement Sought $ Total Amount of Fees and Expense Reimbursement Sought as Actual, Reasonable and Necessary (100%): $ 191, This is the Applicant's Fifth Monthly Fee Statement. 1 The Debtors in these chapter 11 cases, along with the last four digits of the Debtor s federal tax identification number are: Quicksilver Resources Inc. [6163]; Barnett Shale Operating LLC [0257]; Cowtown Drilling, Inc. [8899]; Cowtown Gas Processing L.P. [1404]; Cowtown Pipeline Funding, Inc. [9774]; Cowtown Pipeline L.P. [9769]; Cowtown Pipeline Management, Inc. [9771]; Makarios Resources International Holdings LLC [1765]; Makarios Resources International Inc. [7612]; QPP Holdings LLC [0057]; QPP Parent LLC [8748]; Quicksilver Production Partners GP LLC [2701]; Quicksilver Production Partners LP [9129]; and Silver Stream Pipeline Company LLC [9384]. The Debtors address is 801 Cherry Street, Suite 3700, Unit 19, Fort Worth, Texas

2 Case LSS Doc 723 Filed 10/21/15 Page 2 of 11 Prior Monthly Fee Applications Summary Date Filed Period Covered Requested Fees Requested Expenses Paid Fees Paid Expenses 07/17/15 3/17/2015-4/30/2015 $ 552, $ 2, $ 552, $ 2, /21/15 5/1/2015-5/31/2015 $ 346, $ 4, $ 346, $ 4, /04/15 6/1/2015-6/30/2015 $ 240, $ 1, $ 240, $ 1, /28/15 7/1/2015-7/31/2015 $ 213, $ 1, $ - $ - TOTAL $ 1,353, $ 9, $ 1,139, $ 8, CUMULATIVE TIME SUMMARY For the Period of August 1, 2015 through August 31, 2015 Professional Carringer, Rob Hanson, John Shrestha, Amit Gutierrez, Dalia Professional Subtotal : Level Rate Hours Fees Partner/Principal $ $6, Partner/Principal $ $18, Partner/Principal $ $51, Senior Manager $ $2, Senior Manager $ $70, Manager $ $7, Senior Consultant $ $3, Consultant $ $32, Project Controller $ $3, $196, Adjustment Non-Working Travel Reduction ($6,093.75) Total $190,701.25

3 Case LSS Doc 723 Filed 10/21/15 Page 3 of 11 CUMULATIVE FEES BY CATEGORY SUMMARY For the Period of August 1, 2015 through August 31, 2015 Categories Hours Analysis of Executory Contracts 2.3 Cash Flow Projections Cash Management, Payment Processing and Payment 20.0 Claims 93.3 Debtor Interaction 5.3 Due Diligence Request 38.3 First Day Motions 8.3 Monthly Operating Report 15.5 Non-Working Travel 2.8 Preparation of Fee Applications 31.1 Strategic Alternatives Officer Duties 79.5 Fees Category Subtotal : Fees $1, $51, $9, $44, $2, $17, $3, $7, $1, $5, $51, $196, Adjustment Non-Working Travel Reduction ($6,093.75) Total $190, Average Hourly Rate $ CUMULATIVE EXPENSE SUMMARY For the Period of August 1, 2015 through August 31, 2015 Expense Categories Total Expenses for the Period Mileage $ Telephone, Conference $5.62 Expense Category Subtotal : $619.73

4 Case LSS Doc 723 Filed 10/21/15 Page 4 of 11 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE In re:, et al., 1 Debtors. Chapter 11 Case No (LSS) Jointly Administered FIFTH MONTHLY FEE STATEMENT FOR COMPENSATION FOR SERVICES RENDERED AND REIMBURSEMENT OF EXPENSES OF DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP TO PROVIDE (I) JOHN LITTLE TO SERVE AS THE DEBTORS STRATEGIC ALTERNATIVES OFFICER AND (II) SERVICES RELATED THERETO FOR THE PERIOD OF AUGUST 1, 2015 THROUGH AUGUST 31, 2015 ( DTBA ) or ( Applicant ), which has been engaged to provide (i) John Little to serve as the Debtors strategic alternatives officer and (ii) services related thereto, to the debtors and debtors in possession in the above-captioned cases (collectively, the Debtors ) in this chapter 11 case, hereby seeks allowance of compensation and reimbursement of expenses pursuant to sections 105(a) and 363 (b) of the United States Code (the Bankruptcy Code ), for the period commencing August 1, 2015 through and including August 31, 2015 (the Application Period ) consistent with the Retention Order (as defined below). In support of this Fourth Monthly Fee Statement (the Application ), DTBA respectfully represents as follows: JURISDICTION 1. The Court has jurisdiction over this matter pursuant to 28 U.S.C. 157 and This is a core proceeding within the meaning of 28 U.S.C. 157(b)(2). 2. Venue in this Court is proper pursuant to 28 U.S.C and The Debtors in these chapter 11 cases, along with the last four digits of the Debtor s federal tax identification number are: [6163]; Barnett Shale Operating LLC [0257]; Cowtown Drilling, Inc. [8899]; Cowtown Gas Processing L.P. [1404]; Cowtown Pipeline Funding, Inc. [9774]; Cowtown Pipeline L.P. [9769]; Cowtown Pipeline Management, Inc. [9771]; Makarios Resources International Holdings LLC [1765]; Makarios Resources International Inc. [7612]; QPP Holdings LLC [0057]; QPP Parent LLC [8748]; Quicksilver Production Partners GP LLC [2701]; Quicksilver Production Partners LP [9129]; and Silver Stream Pipeline Company LLC [9384]. The Debtors address is 801 Cherry Street, Suite 3700, Unit 19, Fort Worth, Texas 76102

5 Case LSS Doc 723 Filed 10/21/15 Page 5 of 11 STATUTORY BASIS 3. The statutory predicates for the relief requested herein are Bankruptcy Code sections 105 (a) and 363 (b). BACKGROUND 4. On March 17, 2015 (the Petition Date ), each of the Debtors filed a voluntary petition for relief under chapter 11 of the Bankruptcy Code in this Court. The Debtors continue to operate their business and manage their properties as debtors in possession pursuant to Bankruptcy Code sections 1107 (a) and These chapter 11 cases have been consolidated for procedural purposes only and are being jointly administered pursuant to Federal Bankruptcy Rule of Procedure 1015 (the Bankruptcy Rules ) and Rule of the Local Bankruptcy Rules of Bankruptcy for Court for the District of Delaware (the Local Rules ). On March 25, 2015, the U. S. Trustee appointed the Official Committee of Unsecured Creditors. No request for the appointment of a trustee or examiner has been made in these chapter 11 cases. RETENTION OF DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP 5. On April 15, 2015, the Debtors filed the Debtors Motion for Order Pursuant to Bankruptcy Code Sections 105 (a) and 363(b) Authorizing and Approving, Nunc Pro Tunc to the Petition Date, the Agreement with to Provide (I) John Little to Serve as the Debtors Strategic Alternatives Officer and (II) Services Related Thereto (the Retention Application ) [Docket No. 219]. On May 6, 2015, this Court entered an order approving (the Retention Order ) [Docket No. 314]. On August 12, 2015, the Debtors filed the Debtors Motion for an Order Pursuant to Bankruptcy Rode Sections 105 (a) and 363 (b) Authorizing and Approving, Nunc Pro Tunc to July 15, 2015, the Amended Agreement with to Provide John Little to Serve as the Debtors SAO on an hourly basis (the Supplemental Application ) [Docket No.553]. On August 31, 2015, this Court entered an order approving the Supplemental 5

6 Case LSS Doc 723 Filed 10/21/15 Page 6 of 11 Application [Docket 603]. RELIEF REQUESTED 6. By this Application, DTBA seeks 100% of its reasonable and necessary fees incurred, in the amount of $190, together with reimbursement of its actual and necessary expenses incurred in the amount of $619.73, for the Application Period. DTBA submits this Application in accordance with the Retention Order. All services for which DTBA requests compensation were performed for, or on behalf of, the Debtors. BASIS FOR RELIEF 7. This Application is the fifth monthly fee statement filed by DTBA in these cases. In connection with the professional services rendered, by this Application, DTBA seeks compensation in the amount of $190, A detailed statement of hours spent rendering professional services to the Debtors, in support of DTBA s request for compensation for fees incurred during the Application Period is attached hereto as Exhibit A. Exhibit A (i) identifies the professionals and paraprofessionals who rendered services in each project category; (ii) describes each service such professional or paraprofessional performed; and (iii) sets forth the number of hours in increments of one-tenth of an hour spent by each individual providing the services for all but Mr. John Little, the Debtors Strategic Alternatives Officer, whose time is recorded in hourly increments consistent with the Retention Order. 10. By this Application, DTBA also seeks expense reimbursement of $ A summary of actual and necessary expenses incurred by DTBA is attached hereto as Exhibit B. DTBA does not charge for photocopying, out-going facsimile transmissions, or long distance telephone calls on faxes. DTBA customarily charges for conference call expenses. 6

7 Case LSS Doc 723 Filed 10/21/15 Page 7 of 11 DESCRIPTION OF SERVICES RENDERED 11. DTBA provides below an overview of the services rendered by John Little as Strategic Alternatives Officer and services related thereto provided by DTBA professionals to the Debtors during the Application Period. Detailed descriptions of these services, the amount of fees incurred, and the amount of hours spent providing services throughout the Application Period are also provided in the attached exhibits. 12. DTBA served the Debtors in the following areas throughout the Application Period: 13. Analysis of Executory Contracts: During the Application Period, Applicant assisted the Debtors in reviewing rejection damage claims filed against the Debtors and estimating potential contract rejection damages. DTBA seeks compensation for 2.3 hours of reasonable and necessary services with the fees incurred for such services totaling $1, Cash Flow Projections: During the Application Period, Applicant assisted the Debtors to coordinate, prepare, and report cash flow projections which included (i) preparing cash forecast models, (ii) identifying key assumptions, (iii) meeting with the Debtors personnel to review and update assumptions, (iv) preparing restructuring cash forecast overlays to adjust baseline forecast, (v) preparing reports and documentation of assumptions by line item, (vi) preparing cash balance bridges to document key changes between forecasts. DTBA seeks compensation for hours of reasonable and necessary services with the fees incurred for such services totaling $51, Cash Management, Payment Processing and Payment Tracking: During the Application Period, Applicant assisted with maintaining cash management controls, which included: (i) detailed and specific payment request documentation; (ii) process flow from a vendor inquiry through and including the Debtors issuance of a check or initiation of a wire transfer; (iii) evaluation and documentation of a vendor s eligibility to receive a payment on 7

8 Case LSS Doc 723 Filed 10/21/15 Page 8 of 11 account of its pre-petition claim; (iv) classification of a vendor within a certain category of first day motion; and (v) tracking and reporting of vendor payments, both pre- and post-petition, by specific category. Additionally, Applicant assisted with tracking payments with respect to prepetition claims made pursuant to Court orders, and with monitoring relevant spending caps placed on certain categories of pre-petition first day motions. DTBA seeks compensation for 20.0 hours of reasonable and necessary services with the fees incurred for such services totaling $9, Claims: During the Application Period, Applicant assisted with developing a claims reconciliation process, which included assisting with: (i) review of claims reports, (ii) creation of preliminary claims summary reports, and (iii) attending meetings to discuss the claims process. DTBA seeks compensation for 93.3 hours of reasonable and necessary services with the fees incurred for such services totaling $44, Debtor Interaction: During the Application Period, Applicant met with the Debtors to discuss a cost takeout project and strategy. DTBA seeks compensation for 5.3 hours of reasonable and necessary services with the fees incurred for such services totaling $2, Due Diligence Request: During the Application Period, Applicant coordinated due diligence requests from secured and unsecured lender advisors and counsel. This included tracking due diligence requests, meeting with the Debtors personnel to allocate resources to support response, reviewing response materials with the Debtors personnel, and providing responses to the applicable parties. DTBA seeks compensation for 38.3 hours of reasonable and necessary services with the fees incurred for such services totaling $17, First Day Motions: During the Application Period, the Applicant worked with the Debtors personnel and counsel, to create lienholder and critical vendor agreements consistent with the requirements under each first day motion and prepared various reports as required by the cash collateral order. DTBA seeks compensation for 8.3 hours of reasonable and necessary services with the fees incurred for such services totaling $3,

9 Case LSS Doc 723 Filed 10/21/15 Page 9 of Monthly Operating Report: During the Application Period, Applicant assisted with and coordinated the preparation of Monthly Operating Reports which included (i) meeting with the Debtors personnel to obtain data, (ii) addressing the Debtors personnel s inquiries on requirements and explaining the process, (iii) establishing the template for which items to report, (iv) coordinating timeline for delivery, (v) preparing the reporting package, and (vi) reviewing reporting package with the Debtors personnel and counsel. DTBA seeks compensation for 15.5 hours of reasonable and necessary services with the fees incurred for such services totaling $7, Preparation of Fee Applications: During the Application Period, Applicant downloaded fees and expenses in preparation of supporting schedules and exhibits of fee applications, and attended to Chapter 11 administration in connection with such fee application preparation. DTBA seeks compensation for 31.1 hours of reasonable and necessary services with the fees incurred for such services totaling $5, Strategic Alternatives Officer (SAO) Duties: During the Application Period, John Little assisted the Debtors with (i) generally, the tasks outlined in the engagement letter dated September 22, 2014 and led the matters discussed in this application, (ii) participating in management discussions regarding vendor management, cash management, contract rejections and negotiations, leading SAO committee updates, working with counsel and financial advisors on restructuring matters, participating in stakeholder calls and meetings, assisting with developing communications for various stakeholders, assisting with issues associated with the Quicksilver Resources Canada Inc. and (iii) other matters. DTBA seeks compensation for 79.5 hours of reasonable and necessary services with the hourly fees incurred for such services totaling $51, On August 31, 2015, this Court entered an order approving to Provide Mr. John Little to serve as the Debtors SAO on an hourly basis effective as of July 15, 2015 [Docket 603]. 9

10 Case LSS Doc 723 Filed 10/21/15 Page 10 of 11 ALLOWANCE OF COMPENSATION 23. Reimbursement of Expenses. DTBA has disbursed, and requests reimbursement for $619.73, which represents actual, necessary expenses incurred in the rendition of professional services in these cases. 24. No agreement or understanding exists between DTBA and any other nonaffiliated or nonrelated person or persons for the sharing of compensation received or to be received for professional services rendered in or in connection with these cases. WHEREFORE, DTBA respectfully requests that the Court: (i) grant it allowance of compensation in the amount of $190, for professional services rendered to the Debtors during the Application Period, (ii) grant it reimbursement of $ for reimbursement of 100% of the actual and necessary costs and expenses incurred by DTBA in these cases during the Application Period, and (iii) grant such other and further relief as is just and proper. DATED: October 21, 2015 Respectfully submitted, DELOITTE TRANSACTIONS AND BUSINESS ANALYTICS LLP By: /s/ John Little John Little Principal 2200 Ross Avenue, Ste 1600 Dallas, TX Telephone:

11 Case LSS Doc 723 Filed 10/21/15 Page 11 of 11

12 Case LSS Doc Filed 10/21/15 Page 1 of 2 IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE ) In re: ) Chapter 11 ), et al., 1 ) Case No (LSS) ) Debtors. ) Jointly Administered ) ) Obj. Deadline: November 12, 2015 at 4:00 p.m. (EST) NOTICE OF FEE STATEMENT PLEASE TAKE NOTICE that Deloitte Transaction and Business Analytics LLP has today filed the attached Fifth Monthly Fee Statement for Compensation for Services Rendered and Reimbursement of Expenses of Deloitte Transaction and Business Analytics LLP to Provide (I) John Little to Serve as the Debtors Strategic Alternatives Officer and (II) Services Related Thereto for the Period of August 1, 2015 Through August 31, 2015 (the Fee Statement ) with the United States Bankruptcy Court for the District of Delaware (the Bankruptcy Court ). PLEASE TAKE FURTHER NOTICE that objections, if any, to the Fee Statement must be made in accordance with the Order Pursuant to Bankruptcy Code Sections 105(a) and 363(b) Authorizing and Approving, Nunc Pro Tunc to the Petition Date, the Agreement with to Provide (I) John Little to Serve as the Debtors Strategic Alternatives Officer and (II) Services Related Thereto [Docket No. 314]. 1 The Debtors in these chapter 11 cases, along with the last four digits of each Debtor s federal tax identification number, are: [6163]; Barnett Shale Operating LLC [0257]; Cowtown Drilling, Inc. [8899]; Cowtown Gas Processing L.P. [1404]; Cowtown Pipeline Funding, Inc. [9774]; Cowtown Pipeline L.P. [9769]; Cowtown Pipeline Management, Inc. [9771]; Makarios Resources International Holdings LLC [1765]; Makarios Resources International Inc. [7612]; QPP Holdings LLC [0057]; QPP Parent LLC [8748]; Quicksilver Production Partners GP LLC [2701]; Quicksilver Production Partners LP [9129]; and Silver Stream Pipeline Company LLC [9384]. The Debtors address is 801 Cherry Street, Suite 3700, Unit 19, Fort Worth, Texas

13 Case LSS Doc Filed 10/21/15 Page 2 of 2 PLEASE TAKE FURTHER NOTICE that in the event an objection is timely raised and not consensually resolved, the Bankruptcy Court will review the Fee Statement and consider such objection. Wilmington, Delaware Date: October 21, 2015 /s/ Amanda R. Steele RICHARDS, LAYTON & FINGER, P.A. Paul N. Heath (DE 3704) Amanda R. Steele (DE 5530) Rachel L. Biblo (DE 6012) One Rodney Square 920 North King Street Wilmington, Delaware Telephone: (302) Facsimile: (302) and AKIN GUMP STRAUSS HAUER & FELD LLP Charles R. Gibbs (admitted pro hac vice) Sarah Link Schultz (admitted pro hac vice) Travis A. McRoberts (DE 5274) 1700 Pacific Avenue, Suite 4100 Dallas, Texas Telephone: (214) Facsimile: (214) Ashleigh L. Blaylock (admitted pro hac vice) Robert S. Strauss Building 1333 New Hampshire Avenue, N.W. Washington, DC Telephone: (202) Facsimile: (202) COUNSEL FOR DEBTORS AND DEBTORS IN POSSESSION 2

14 Case LSS Doc Filed 10/21/15 Page 1 of 34 Exhibit A Professional Fees for the Period August 1, 2015 through August 31, 2015

15 Case LSS Doc Filed 10/21/15 Page 2 of 34 Analysis of Executory Contracts 08/07/2015 Review contract rejection damages claims filed by counterparties to begin reconciliation of difference. Meet with C. Rich (KWK) to discuss Vendor 6 rejection damages claim. $ $ Subtotal for Analysis of Executory Contracts: 2.3 $1, Cash Flow Projections 08/03/2015 Prepare summary of professional fees for R. Massey (KWK) review. 08/04/2015 Meet with R. Myers (KWK) to discuss cash forecast refresh, variance reports. Meet with A. Lacroix, R. Myers (KWK) to discuss cash forecast refresh. Conference with R. Oster, C. Kennedy (Deloitte), and KWK Treasury Team regarding update on August cash flow refresh. Conference with R. Oster, C. Kennedy (Deloitte) regarding cash flow refresh progress & matters regarding project personnel transition. Update payment tracker with expected payments for week ending 8/7/15. Create reporting package for pre-petition payments for week ending 8/7/15. Meet with A. Lacroix, J. Smith (KWK), and R. Oster (Deloitte) regarding status of operating expenditure projections for August cash flow refresh. Create cash variance summary talking points for creditor call. Meet with A. Lacroix (KWK) to coordinate cash forecast review meeting. Meet with R. Myers (KWK) to discuss cash forecast variance report. Meet with R. Oster, R. Ahmed (Deloitte) to discuss update to professional fees in cash forecast. Meet with A. Lacroix, J. Smith, R. Myers (KWK) to discuss status on cash forecast refresh. Conference with R. Ahmed, C. Kennedy (Deloitte) & KWK Treasury Team regarding update on August cash flow refresh. $ $

16 Case LSS Doc Filed 10/21/15 Page 3 of 34 Cash Flow Projections 08/04/2015 Meet with A. Lacroix, J. Smith (KWK), and R. Ahmed (Deloitte) regarding status of operating expenditure projections for August cash flow refresh. $ $ /05/2015 Update dates in cash flow capital buildout for rigs according to information received from D. Barrett (KWK). Attend cash flow refresh review meeting with KWK Treasury Team, R. Oster, C. Kennedy (Deloitte). Work session with R. Oster (Deloitte) to update professional fee estimates for August cash flow refresh. Work session with R. Oster (Deloitte) to update capital expenditure projection for August cash flow refresh. Discuss with R. Oster (Deloitte) on how to update operating expenditure analysis for Treasury team. Update Capital projections for monthly model using Open Authorization for Expenditures Report with R. Oster (Deloitte). Review updated Capital Buildout to check whether values entered foot with source documents. Revise professional expenses for August cash flow refresh with R. Oster (Deloitte). Update capital buildout in cash flow with July amounts for cash calls. Meet with A. Lacroix (KWK) to prepare for cash forecast assumption meeting with V. Gomez (KWK). Meet with A. Lacroix, J. Smith, R. Myers, (KWK) to discuss cash forecast assumptions. Prepare for cash forecast assumption review with company. Meet with R. Oster, R. Ahmed (Deloitte) to discuss cash forecast update, operating expense assumptions. Meet with A. Lacroix (KWK) to discuss status of Canadian cash forecast. Attend cash flow refresh review meeting with KWK Treasury Team, R. Ahmed, C. Kennedy (Deloitte). $ $ $ $ $ $ $ $ $ $

17 Case LSS Doc Filed 10/21/15 Page 4 of 34 Cash Flow Projections 08/05/ /06/2015 Work session with R. Ahmed (Deloitte) to update professional fee estimates for August cash flow refresh. Work session with R. Ahmed (Deloitte) to update capital expenditure projection for August cash flow refresh. Discuss with R. Ahmed (Deloitte) on how to update operating expenditure analysis for Treasury team. Work session to update Capital projections in monthly model using Open Authorization for Expenditures Report with R. Ahmed (Deloitte). Revise professional expenses for August cash flow refresh with R. Ahmed (Deloitte). $ $ $ $ $ $ $ $ $ $ Review cash flow assumptions draft for August refresh. Meet with J. Smith, A. Lacroix (KWK), and R. Oster (Deloitte) to finalize operating expenditure for August cash flow refresh. Work session with R. Oster (Deloitte) to update August cash flow with finalized amounts for operating expenditure. Work session with R. Oster (Deloitte) build cash flow bridge for August cash flow refresh. Update payment tracker with actual payments for the week of 8/7/15. Check whether vendors in Accounts Payable Checks file are categorized under the correct cost center. Work session with R. Oster (Deloitte) to finalize cash flow projections in the capital buildout. Discuss with J. Smith (KWK) and R. Oster (Deloitte) regarding Open AFE Report details for August cash flow refresh. Meet with A. Lacroix (KWK) to discuss operating expense assumption in cash forecast model. Review cash forecast model for updated assumptions. Meet with J. Smith, A. Lacroix (KWK) to discuss cash forecast assumptions, updates to model refresh. Update Canadian cash flow model to finalize cash collateral report. Review cash forecast update to check whether assumptions align with forecast for U.S., Canada. $ $ $ $ $ $ $ $1,

18 Case LSS Doc Filed 10/21/15 Page 5 of 34 Cash Flow Projections 08/06/ /07/2015 Meet with R. Myers, J. Smith (KWK) to discuss cash forecast assumptions for final revision. Discuss with J. Smith (KWK) and R. Ahmed (Deloitte) regarding Open AFE Report details for August cash flow refresh. Meet with J. Smith (KWK), A. Lacroix (KWK), & R. Ahmed (Deloitte) to finalize operating expenditure for August cash flow refresh. Work session with R. Ahmed (Deloitte) to update August cash flow with finalized amounts for operating expenditure. Work session with R. Ahmed (Deloitte) build cash flow bridge for August cash flow refresh. Work session with R. Ahmed (Deloitte) to finalize cash flow projections in the capital buildout. $ $ $ $ $ $ $ $ $ $ Update payment tracker with revised actual payments for week ending 8/7/15. Update payment tracker with revised actual payments for week ending 7/31/15. Review cash forecast. $ $ /10/ /11/2015 Meet with R. Myers (KWK) to discuss transportation vendor invoicing policy to align with cash forecast. Update payment tracker with proposed payments for week ending 8/10/15. Update cash forecast bridge from version 43 to version 44. Update the cash forecast assumptions, bridge for version 44 for external distribution. $ $ Prepare Canadian variance report for weekly variance report due 8/13/15. Prepare Canadian cash flow summary for weekly variance report due 8/13/15. Roll forward debtor in possession template for the upcoming week ending 8/14/15. Prepare for call with V. Gomez (KWK) to discuss cash forecast variance, version 43 to version 44 bridge. Call with V. Gomez, A. Lacroix, R. Myers, J. Smith (KWK) to discuss cash forecast variance, bridge version 43 to version 44. 4

19 Case LSS Doc Filed 10/21/15 Page 6 of 34 Cash Flow Projections 08/11/ /12/2015 Review Canadian cash flow forecast update for weekly cash collateral report. Run cash usage analysis for V. Gomez (KWK). Call with A. Lacroix (KWK) to discuss cash usage analysis. Research cash forecast variance between versions. $ $1, Shrestha, Amit 08/13/ /17/ /18/2015 Meet with A. Shrestra (Deloitte) on outstanding claim population and CAS implementation methodology. Meet with C. Kennedy (Deloitte) on outstanding claim population and CAS implementation methodology. Update cash forecast for weekly roll forward, cash collateral package. Call with R. Myers (KWK) to discuss cash forecast update for cash collateral report. Meet with A. Lacroix (KWK) to discuss west Texas wells impact to cash forecast. Meet with R. Myers (KWK) to discuss cash forecast variance, monthly operating report data. Research cash forecast variance report for weekly cash collateral report. Research cash outflow variance for monthly operating report. Reconcile payment tracker pay file for week ending August 18 with payment audit report. Revise payment tracker with wire payments for week ending August 14. Prepare variance analysis for capital expenditure to use in upcoming cash forecast refresh. Prepare professional fee variance analysis based on payment made and forecasted in 13-week budget. Revise payment tracker with forecasted payment to be made in week ending August 24th. Revise July monthly operating report schedule for cash disbursements and receipts for adjustments requested by KWK in Cowtown and QRI. $ $ $ $ $ $

20 Case LSS Doc Filed 10/21/15 Page 7 of 34 Cash Flow Projections 08/18/ /19/ /20/ /21/2015 Meet with A. Lacroix (KWK) to discuss cash forecast refresh, build out model into FY16. Meet with A. Lacroix, R. Myers (KWK) to discuss reconciliation of year end cash between cash forecast model and financial planning model. Roll forward 13-week cash forecast for weekly cash collateral report. Prepare variance schedule for payment projections for various vendors to analyze forecasts for cash flow refresh. Prepare Canadian variance cash flow for weekly cash collateral variance package. Compare actual payments for professionals during week ending 8/21/15 to 13-week cash forecast. Revise cash collateral reporting calendar for changes requested by C. Kennedy. Meet with A. Lacroix (KWK) to discuss reconciliation of cash forecast to financial planning outlook. Update weekly cash forecast report for cash collateral package. Meet with A. Lacroix (KWK) to discuss capital expenditure forecast variance from prior week. Prepare cash collateral reporting package due 8/20/15 with US/Canada (CAN) cash flow, US/CAN Variance Reports, and update reporting letter. Review cash forecast roll-forward for weekly cash collateral reporting package. Correspond with R. Myers (KWK) to finalize cash variance report. Update cash variance report commentary for identified variances. Meet with A. Lacroix (KWK) to discuss professional fee payment process. Revise payment tracker to include royalty payment made during August. Prepare consultation file for royalties paid during August. Prepare 13-week cash flow to include monthly projections from January-March $ $ $ $ $ $ $ $ $ $

21 Case LSS Doc Filed 10/21/15 Page 8 of 34 Cash Flow Projections 08/21/ /24/ /25/2015 Prepare professional fee forecast based on previous projections for January-March Review 13-week cash forecast to check that amounts from support documents are flowing through to master template correctly. Meet with KWK Treasury and C. Kennedy (Deloitte) regarding cash flow refresh strategy and outstanding items. Prepare professional fee tracker for September based on invoices received to assess disbursements for September cash flow refresh. Revise professional fee variance analysis to reflect week ending 4/1 to 6/30. Prepare invoice breakout for professional fees for comparison of accruals to forecast from petition to March Prepare invoice breakout for professional expenses for comparison of accruals to forecast from petition to March Research cash forecast variance items to update commentary for weekly report. Meet with A. Lacroix, R. Myers, J. Smith (KWK), R. Ahmed (Deloitte) to coordinate plan for cash forecast version 45 refresh. $ $ $ $ $ $ $ $ $ $ Review comments and notes regarding issue items in 13-week budget from A. Lacroix (KWK) for September cash flow refresh. Revise general and administrative variance analysis to reflect new estimates from August - December 2015 to use for September cash flow refresh. Review list of professionals to be paid on 8/28 from Akin to analyze variance with 13-week budget. Prepare Canadian variance report for weekly cash collateral report. Prepare Canadian cash flow for weekly cash collateral report. Prepare detailed accounts receivable and accounts payable aging for weekly cash collateral report. Revise 13-week cash flow (US) to reflect one week roll forward for weekly cash collateral report. $ $

22 Case LSS Doc Filed 10/21/15 Page 9 of 34 Cash Flow Projections 08/25/ /26/2015 Calls with D. Curran, A. Lacroix (KWK) to coordinate cash variance meeting with company. Research July gathering, processing, transportation payments for inquiry from V. Gomez (KWK). Revise professional fees and expense variance analysis to reflect Akin's fee application for July. Meet with Treasury Team regarding outstanding items on the September cash flow refresh. Revise payment tracker to reflect payments to be made during week ending 8/28. Review cash forecast action items provided by A. Lacroix (KWK). Meet with A. Lacroix (KWK) to discuss cash forecast action items to cover questions. $ $56.25 $ $ /27/2015 Carringer, Rob Revise Canadian accounts receivable aging for cash collateral reporting. Revise Canadian accounts payable aging for cash collateral reporting. Prepare Canadian cash flow for weekly cash collateral reporting. Revise US accounts receivable and accounts payable aging for weekly cash collateral report. Meet with A. Lacroix (KWK), C. Kennedy (Deloitte) to discuss gathering, processing vendor payments, updates for rolling cash forecast to next year. Revise operating expenditure summary analysis with new forecast to use in September cash flow refresh. Revise operating expenditure variance analysis with actuals for July 2015 and new Forecast for August Revise general and administrative variance analysis with actuals for July 2015 and new forecast for August Call with J. Little, C. Kennedy (Deloitte) to discuss plan cost structure reductions. Meet with C. Green, A. Lacroix (KWK) to discuss transportation vendors, updates to cash forecast. Meet with A. Lacroix (KWK) to discuss transportation payments in preparation for cash forecast refresh. $ $ $ $

23 Case LSS Doc Filed 10/21/15 Page 10 of 34 Cash Flow Projections 08/27/2015 Meet with A. Lacroix (KWK), R. Ahmed (Deloitte) to discuss gathering, processing vendor payments, updates for rolling cash forecast to next year. Update cash forecast variance report for prior week actuals with commentary. Research general overhead for reduction analysis. 08/28/ /31/2015 Call with J. Little, R. Carringer (Deloitte) to discuss, plan cost structure reductions. Reconcile payment tracker to weekly audit report for batch, printed checks as of 8/28/15. Meet with R. Myers (KWK) to discuss cash forecast refresh, preliminary variance for current week. Call with V. Gomez, G. Darden, S. Page (KWK), S. Schulz (Akin), creditor advisors to review business plan. Call with A. Lacroix (KWK) to discuss general administration expense, operating expense updates to cash forecast refresh. $ $ Carringer, Rob Discuss with C. Kennedy (Deloitte) regarding 8/31/15 work plan and cash forecast refresh outstanding items. Discuss with C. Kennedy (Deloitte) regarding preparation of exhibit showing cost savings based on potential business plan. Prepare for meeting with J. Smith and R. Myers (both KWK) to discuss general and administrative and operating expenditure forecasts for the September cash flow refresh by taking notes on variances between forecasts to discuss during meeting. Meet with R. Myers and J. Smith (KWK) to discuss general and administrative and operating expenditure forecasts for September refresh. Revise general and administrative and operating expenditure variance analysis based on meeting with R. Myers and J. Smith (KWK). Discuss cost takeout project matters with J. Little, J. Hanson (Deloitte) in preparation for kick-off meeting with company regarding cost reductions. Carringer, Rob Review materials from KWK and discuss with J. Hanson (Deloitte). $ $1, $ $1,

24 Case LSS Doc Filed 10/21/15 Page 11 of 34 Cash Flow Projections 08/31/2015 Hanson, John Hanson, John Review materials on cost centers from KWK and discuss with R. Carringer (Deloitte). Discuss cost takeout project matters with J. Little and R. Carringer (Deloitte) in preparation for kick-off meeting with company on cost reductions. Review bridge between cash forecast and business plan cash usage, accretion. Meeting with A. Lacroix (KWK) to discuss cash forecast refresh schedule. Call with V. Gomez (KWK) to discuss bridge between cash forecast and business plan cash burn, accretion. Attend business plan call with secured creditor advisors with V. Gomez, G. Darden, S. Page (KWK), J. Little (Deloitte). Meet with J. Smith (KWK) to discuss cash forecast refresh action items. Meet with R. Ahmed (Deloitte) to discuss cash bridge between business plan and cash forecast model. Meet with R. Ahmed (Deloitte) to discuss agenda for week regarding cash forecast refresh. $ $ $ $ $ $1, $ $ Subtotal for Cash Flow Projections: $51, Cash Management, Payment Processing and Payment Tracking 08/03/ /04/2015 Meet with J. Little (Deloitte) to discuss risk management review in advance of company meeting. Attend KWK risk management meeting with debtor senior leadership. Meet with M. McIlroy (KWK) to discuss JIB refund payment, vendor pre-petition payment. Meet with J. Smith (KWK) and R. Oster (Deloitte) regarding capital expense projections. Update capital buildout in 13-week cash flow using Rig View report with R. Oster. Update pre-petition payment consolidated report for the month of July. Call with M. McIlroy (KWK) to discuss prepetition tax, vendor payments. $ $

25 Case LSS Doc Filed 10/21/15 Page 12 of 34 Cash Management, Payment Processing and Payment Tracking 08/04/ /05/2015 Review weekly check run for prepetition payment authorities. Update pre-petition payment consultation report file. Meet with K. Forbes, M. McIlroy (KWK) to discuss JIB reimbursement payment. Meet with R. Oster, R. Ahmed (Deloitte) to discuss cash forecast refresh, reporting requirements. Conference with R. Ahmed, C. Kennedy (Deloitte) regarding cash flow refresh progress & matters regarding project personnel transition. Meet with J. Smith (KWK) and R. Ahmed (Deloitte) regarding capital expense projections. Update capital buildout in 13-week cash flow using Rig View report with R. Ahmed. Modify the ENI schedule to show the most recent cash call amount. Update the professional fee analysis to reflect recent fee apps, invoices. Review the weekly drilling cost analysis provided by KWK engineering. Review the prepetition payments file for July to be submitted to the Court. Edit the capital schedule to reflect the week's proposed check run amounts for capital. Prepare a proposed payment schedule for general and administrative expenses that includes the approved information technology forecast. Meet with C. Bowers (KWK) to discuss forecasted amounts for drilling projects. Update the capital model to adjust for this week's proposed payments. Modify the cash flow for the August refresh to check whether the data is flowing through from source files correctly. Meet with C. Kennedy (Deloitte) to discuss bank fees incurred due to bankruptcy. Meet with M. McIlroy (KWK) to review vendor invoice to analyze pre/post-petition split. Research Wells Fargo purchasing card information. Meet with A. Lacroix, L. Liberatone (KWK) to discuss Wells Fargo purchasing card status. $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $

26 Case LSS Doc Filed 10/21/15 Page 13 of 34 Cash Management, Payment Processing and Payment Tracking 08/05/ /06/ /17/ /18/ /21/ /27/2015 Meet with A. Jackson (Deloitte) to discuss bank fees incurred due to bankruptcy. Call with C. Bowers (KWK) to discuss vendor inquiry, set up call with vendor to discuss future work. Prepare for call with operations vendor to respond to debtors ability to pay questions. Meet with C. Bowers (KWK) to call operations vendor to address bankruptcy impact to debtor's ability to pay. Meet with M. McIlroy (KWK) to review professional fee payment in check-run queue. Meet with R. Myers (KWK) to discuss bank fees associated with bankruptcy filing. Modify the capital model to reflect changes to drilling schedule. Analyze a list of field utility providers to determine which accounts the accounts payable actuals are being booked as they relate to operating expenditures. Discuss the open authorization for expenditures budget, actuals, estimates report with P. O'Brien (KWK). Call with R. Myers (KWK), S. Crow, A. Blalock (Akin) to discuss bank account fees, money transfers. Meet with L. Liberatone (KWK) to discuss Deloitte fee payment, supporting documents. Update payment tracker for current week's prepetition check run. Prepare response for R. Myers (KWK) to address question from bank regarding account services. $ $ $ $ $ $ $ $ Claims Subtotal for Cash Management, Payment Processing and Payment Tracking: 20.0 $9, /03/2015 Review vendor 3 claim to analyze basis of claim. 12

27 Case LSS Doc Filed 10/21/15 Page 14 of 34 Claims 08/03/ /04/ /05/2015 Prepare claim summary for vendor 3 to send to Company management. Update schedule for claims over 600k as of end of day July 31. Download newly submitted unliquidated claim images for unliquidated claims analysis. Update unliquidated claims analysis with "Basis of Claim" for newly submitted unliquidated claims. Research Vendor 3 claim filed against internal records. Review filed claims summary for latest filed claims to determine additional analysis for August 10 meeting. Revise unliquidated claims analysis with updated claims register report. Revise greater than $600k claims analysis with updated claims register report. Create consolidated claims file for company management to review for quarterly balance sheet liability accrual. Call with R. Massey, C. Rich (KWK) to discuss rejection damage calculation. Research details on transportation contract rejection in response to rejection damage calculation. Meet with C. Rich (KWK) to discuss analysis on claims greater than $600K. $ $ $ $ $ $ $ $ $ $ Meet with R. Massey (KWK) to discuss impact of schedules filed as "undetermined" without a claim being filed. Meet with C. Kennedy (Deloitte) to discuss claims analysis, cash forecast status. Meet with C. Kennedy (Deloitte) to discuss claims reconciliation workplan, next steps. Review updated claims report as of 8/4/15 provided by L. Mulhern (GCG). Review contract rejection order for BP to determine claim filing deadline. Meet with A. Jackson (Deloitte) to discuss claims analysis, cash forecast status. Meet with A. Jackson (Deloitte) to discuss claims reconciliation workplan, next steps. $ $ $ $ $ $

28 Case LSS Doc Filed 10/21/15 Page 15 of 34 Claims 08/05/ /06/2015 Meet with C. Rich (KWK) to discuss filed claims, monthly operating report timeline. Prepare for meeting with C. Rich (KWK) to discuss monthly operating report and claim process. Research claims associated with rejected contracts. Meet with C. Rich (KWK) to discuss large value claims summary, update on contract rejection claims. Meet with C. Rich (KWK) to discuss rejected claims status. $ $ Review Vendor 4 claim to summarize claimant's damage calculation for KWK management to review. Prepare summary exhibit for Vendor 4 rejection damage calculation. Review Vendor 4 claim to summarize claimant's damage calculation for KWK management to review. Prepare summary exhibit for vendor 4 rejection damage calculation. Review Vendor 5 to summarize claimant's damage calculation for KWK management to review. Prepare summary exhibit for Vendor 5 rejection damage calculation. Meet with C. Rich (KWK) to discuss claims greater than $600,000 for summary report for auditors. Perform analysis on claims pool for 10-Q. 08/07/2015 Review Vendor 6's claim to summarize claimant's damage calculation for KWK management to review. Prepare summary exhibit for Vendor 6 rejection damage calculation. Revise summary of rejection damage calculations per changes requested by C. Kennedy (Deloitte). Review master claims summary file from KWK management. Call with M. Hwang concerning setting up claims database. $ $

29 Case LSS Doc Filed 10/21/15 Page 16 of 34 Claims 08/07/ /10/2015 Call with C. Rich to discuss rejection damage claims. Call with S. Crow, A. Blaylock (Akin), I. Baumgartner (GCG) to discuss claim review process in preparation for meeting with Quicksilver. Call with C. Kennedy (Deloitte) to discuss claims process following call with GCG/Akin. Review final claims summary analysis of claims over $600k prepared for C. Rich (KWK). Prepare claims report for discussion with professionals. Call with A. Jackson (Deloitte), S. Crow (Akin), I. Baumgartner (GCG) to discuss KWK claims process, meeting preparation. Call with A. Jackson (Deloitte) to discuss go forward claims review process, plan, next steps. $ $ $ $ /11/2015 Review updated claims report provided by E. Westberg (GCG) as of 8/10/15. $ $ Call with C. Kennedy (Deloitte) to discuss claims reporting package for KWK. Call with J. Little (Deloitte), A. Blaylock, S. Schultz (Akin) to discuss current status of claim resolution process. Call with C. Rich (KWK) to discuss 10Q, claims status. $ $ Review updated claims report, identify next steps. $ $ /12/2015 Shrestha, Amit Call with A. Jackson (Deloitte) to discuss claims reporting package for KWK. Meet with C. Kennedy (Deloitte) to discuss additions to the claims presentation for KWK. Review updated matching report from GCG for claims and schedules that matched. Call with S. Crow, J. Sharp (Akin) to discuss claims reconciliation matching report. Meet with A. Jackson (Deloitte) to discuss additions to the claims presentation for KWK. Review current CAS database structure to assess changes required in order to intake data from claim agent. $ $ $ $ $ $

30 Case LSS Doc Filed 10/21/15 Page 17 of 34 Claims 08/12/2015 Shrestha, Amit Shrestha, Amit Shrestha, Amit 08/13/ /17/ /18/ /19/2015 Inspect entity/claimant information provided by GCG prior to incorporating it into claim administration system. Inspect claims data provided by gcg before\ incorporating it into claim administration system. Inspect reconciliation data points provided by claims agent prior to incorporating it into claim administration system. Begin review of filed claims to scheduled claims analysis provided by claims administrator in order to assess whether the match level is accurate. Review claim images for filed claims that have been matched to scheduled claims for Debtor personnel review. Revise Deloitte analysis of filed claims that have been matched with scheduled claims based on claim image review prior to sending to client for review. Review updated claim reconciliation matching analysis to analyze schedules to supersede. Meet with R. Massey (KWK) to discuss claims matching process. Create updated slide outlining claims reconciliation process in preparation for meeting with KWK. Call with C. Rich (KWK) to discuss claim to schedules matching process. Update claims presentation for process overview, claim reconciliation aspect. Meet with C. Rich (KWK) to discuss claims process, trade payable claim reconciliations. Meet with C. Rich (KWK) to discuss claim status, prepare for next week's company and advisors meeting regarding claims process. Meet with C. Kennedy (Deloitte) to discuss claim process slides for KWK management meeting. Meet with A. Jackson (Deloitte) to discuss claim process slides for KWK management meeting. Update claims presentation for process overview, claim reconciliation aspect. $ $ $ $1, $ $ $ $ $ $ $ $ $ $ $ $ $ $

31 Case LSS Doc Filed 10/21/15 Page 18 of 34 Claims 08/20/ /24/ /25/2015 Meet with C. Kennedy (Deloitte) and C. Rich (KWK) to discuss review of matched claims to scheduled claims. Revise claims matching report to reflect changes discussed with C. Kennedy and C. Rich. Discuss with C. Kennedy (Deloitte) regarding results of claims matching analysis. Prepare reconciliation summary to present to KWK management in order to outline major stages in the claim reconciliation process. Meet with C. Rich (KWK), R. Ahmed (Deloitte) to discuss schedule to claim match process, template. Meet with R. Ahmed (Deloitte) to discuss analysis on schedule to claim matches. Finalize claim presentation, send to counsel for review. Review claim match analysis prior to sending to client. Correspond with D. Curran (KWK) to coordinate multiple meetings to discuss claims process. Update claims presentation for process overview, claim reconciliation aspect. Call with C. Kennedy (Deloitte) to discuss preparation for upcoming claims process meeting with the Company. Create updated claims reconciliation process slide for update meeting. Call with S. Schulz, A. Blaylock, S. Crow (Akin) to prepare for Wednesday claims meeting with the Company. Call with A. Jackson (Deloitte) to discuss preparation for upcoming claims process meeting with the Company. Call with S. Crow (Akin) to discuss claims progress with KWK. Review matched claims analysis from C. Rich to assess variances. Revise claims reconciliation PowerPoint presentation to reflect changes suggested by Akin. Review slides in preparation for claims meeting with debtor on Wednesday. $ $ $ $ $ $1,