Quicksilver Gas Services LP is engaged in the business of gathering and processing natural gas and natural gas liquids (NGLs). As of December 31, 2007, the Company's primary assets were comprised of a pipeline system located in the southern portion of the Fort Worth Basin (Cowtown Pipeline) and two natural gas processing units located in Hood County, Texas, (Cowtown Plant). Quicksilver Gas Services provides gathering and processing services primarily to Quicksilver Resources Inc. (Quicksilver), the owner of the Company's general partner and 72% of the Company's common and subordinated limited partner units, as well as other natural gas producers in this area. These services are provided under fee-based contracts, whereby the Company receives fixed fees for performing the gathering and processing services. Quicksilver Gas Services does not take title to the natural gas or associated natural gas liquids that it gathers and processes and thus avoids direct commodity price exposure.