Key Developments: PetroQuest Energy Inc (PTQEP.PK)

PTQEP.PK on OTC Markets Group - US Other OTC and Grey Market

43.75USD
19 Aug 2014
Price Change (% chg)

$0.25 (+0.57%)
Prev Close
$43.50
Open
$43.50
Day's High
$43.75
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Volume
850
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3,978
52-wk High
$46.60
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Latest Key Developments (Source: Significant Developments)

Petroquest Energy Inc gives Q3, Q4 2014 production outlook
Monday, 4 Aug 2014 04:01pm EDT 

Petroquest Energy Inc:Expects Q3 2014 production volumes between 122 - 128 MMcfe/d.Expects Q4 2014 production volumes between 134 - 140 MMcfe/d.  Full Article

Midstates Petroleum announces exploration agreement with PetroQuest Energy in the Fleetwood Area of Louisiana
Monday, 30 Jun 2014 05:30am EDT 

Midstates Petroleum Company Inc:Executes an Exploration Agreement with PetroQuest Energy, Inc. under which PetroQuest acquired 50pct of Midstates' lease ownership rights in the Fleetwood area of Louisiana and a license to the associated Fleetwood 3-D seismic survey for total consideration of $24 mln.Consideration to be paid by PetroQuest consists of $10 mln in cash ($3 mln now and $7 mln in Jan. 2015) and a credit of $14 mln for Midstates' share of future exploration activities including drilling.  Full Article

Petroquest Energy Inc gives Q2 2014 production guidance
Tuesday, 6 May 2014 05:30am EDT 

Petroquest Energy Inc:Expects Q2 2014 production volumes in range of 116 MMcfe/d - 120 MMcfe/d.  Full Article

PetroQuest Energy updates Q1 2014 production guidance
Monday, 7 Apr 2014 04:01pm EDT 

PetroQuest Energy Inc:As a result of the production deferrals at West Delta 89 and in the Woodford, expects that it achieved first quarter production in the range of 107 - 109 MMcfe/d (74 pct gas, 14 pct oil and 12 pct NGL).Estimates current daily production rate is above the top end of the range of previous production guidance for Q1 2014.  Full Article

Petroquest Energy Inc gives Q1, FY 2014 production guidance
Wednesday, 5 Feb 2014 04:41pm EST 

Petroquest Energy Inc:Expects FY 2014 production to average between 125 and 140 MMcfe per day with about 70pct, 13pct and 17pct to be derived from natural gas, oil and natural gas liquids, respectively.Expects Q1 2014 production to average between 112 and 117 MMcfe per day with about 73pct, 14pct and 13pct to be derived from natural gas, oil and natural gas liquids, respectively.  Full Article

Petroquest Energy Inc Issues FY 2014 Production Guidance
Tuesday, 5 Nov 2013 05:30am EST 

Petroquest Energy Inc announced that for fiscal 2014, it expects average production of 3,000 barrels of oil per day and 3,800 barrels of NGLs per day.  Full Article

Petroquest Energy Inc Issues Q3 2013 Production Guidance; Reaffirms FY 2013 Production Guidance; Raises FY 2014 Production Guidance-Conference Call
Tuesday, 6 Aug 2013 09:30am EDT 

Petroquest Energy Inc announced that for third quarter of 2013, it expects to produce between 117 million and 125 million cubic equivalent per day. For fiscal 2013, it plans continued to call between producing 125 million and 140 million cubic feet equivalent per day of which 70% is expected to be gas, 13% oil, and 17% NGLs versus the second quarter production mix of 78% gas, 8% oil and 14% NGLs. For fiscal 2014, it expects production at almost 3,000 barrels per day.  Full Article

Petroquest Energy Inc Announces Closings Of $200 Million Private Placement Of 10.00% Senior Notes Due 2017; Closes Gulf of Mexico Acquisitions
Wednesday, 3 Jul 2013 04:48pm EDT 

Petroquest Energy Inc announced the closing of its previously announced private offering under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the "Securities Act"), of $200 million aggregate principal amount of 10% Senior Notes due 2017 (the New Notes). The New Notes were issued at a price equal to 100% of their face value plus accrued interest from March 1, 2013. The New Notes have terms that, subject to certain exceptions, are substantially identical to the Company's existing $150 million aggregate principal amount of 10% Senior Notes due 2017. The net proceeds from the offering were used to finance the approximately $192 million purchase price of the Company's previously announced acquisitions of certain producing oil and gas assets located in the shallow waters of the Gulf of Mexico (collectively, the Gulf of Mexico Acquisitions). The Gulf of Mexico Acquisitions also closed on July 3, 2013.  Full Article

Petroquest Energy Inc Announces Pricing Of $200 Million Of 10% Senior Notes Due 2017
Friday, 28 Jun 2013 02:04pm EDT 

Petroquest Energy Inc announced that private offering of $200 million aggregate principal amount of 10% Senior Notes due 2017 (the New Notes). The notes will be issued at a price equal to 100% of their face value plus accrued interest from March 1, 2013. The New Notes will have terms that, subject to certain exceptions, are substantially identical to the Company's existing $150 million aggregate principal amount of 10% Senior Notes due 2017. The Company expects to close the sale of the New Notes on July 3, 2013, subject to the satisfaction of customary closing conditions. Subject to certain special redemption provisions, the Company intends to use the net proceeds from the offering to fund the purchase price of the Company's previously announced proposed acquisition of certain producing oil and gas assets located in the shallow waters of the Gulf of Mexico from Hall-Houston Exploration II, L.P., Hall-Houston Exploration III, L.P., Hall-Houston Exploration IV, L.P. and GOM-H Exploration, LLC (the "Acquisition") for approximately $193 million in cash and, to the extent any net proceeds remain after such use, for general corporate purposes.  Full Article

Petroquest Energy Inc Announces $200 Million Private Placement Of 10% Senior Notes Due 2017
Tuesday, 25 Jun 2013 02:43pm EDT 

Petroquest Energy Inc announced that, subject to market conditions, it intends to offer for sale $200.0 million in aggregate principal amount of 10% Senior Notes due 2017 (the New Notes) in a private placement under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the Securities Act), to eligible purchasers. The New Notes are expected to have terms that, subject to certain exceptions, are substantially identical to the Company's $150.0 million aggregate principal amount of existing 10% Senior Notes due 2017. The Company intends to use the net proceeds from the private placement to fund the purchase price of the Company's previously announced proposed acquisition of certain producing oil and gas assets located in the shallow waters of the Gulf of Mexico from Hall-Houston Exploration II, L.P., Hall-Houston Exploration III, L.P., Hall-Houston Exploration IV, L.P. and GOM-H Exploration, LLC (the Acquisition) for approximately $193 million in cash. The Acquisition is expected to close on or about July 3, 2013, subject to customary closing conditions. The private placement is not a condition to the closing of the Acquisition.  Full Article

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