UPDATE 1-PetroQuest Energy stock offering priced at discount

* Offering of 10 mln shares priced at $3.50/shr

* Offering priced at 5 pct discount to Wednesday's close

* Shares fall 3 pct in pre-market trading

June 25 (Reuters) - Oil and gas producer PetroQuest Energy Inc's (PQ.N) public offering of 10 million shares was priced at $3.50 a share, a discount of 5 percent to the stock's Wednesday closing price.

Shares of the company fell 3 percent to $3.57 in trading before the bell. They had closed at $3.68 Wednesday on the New York Stock Exchange. The Lafayette, Louisiana-based company announced the offering on Tuesday and said it intended to use the proceeds for general corporate purposes, including funding capital expenditures related to its exploration and drilling program.

J.P. Morgan Securities is the sole book-running manager for the offering. Calyon Securities, Capital One Southcoast, Howard Weil, Johnson Rice & Co, Simmons & Co International, SMH Capital, Stifel Nicolaus and UBS Investment Bank are acting as co-managers.

For the alerts, double-click [ID:nWNAB2136] (Reporting by Shradhha Sharma in Bangalore; Editing by Anne Pallivathuckal)