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PetroQuest Energy Inc (PTQEP.PK)

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

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Latest Key Developments (Source: Significant Developments)

Petroquest Energy Q4 loss per share $0.46
Tuesday, 7 Mar 2017 04:01pm EST 

Petroquest Energy Inc : Petroquest Energy announces 2016 year-end and fourth quarter results and provides operations and hedging update . Q4 loss per share $0.46 . Q4 earnings per share view $-0.31 -- Thomson Reuters I/B/E/S . Petroquest Energy Inc - oil and gas sales during Q4 of 2016 were $16.43 million as compared to $23.1 million in Q4 of 2015 .Petroquest Energy Inc - Q1 of 2017 production guidance of 55-59 mmcfe/d with 68% forecasted as gas, 14% as oil and 18% as natural gas liquids.  Full Article

PetroQuest Energy provides Q1 production and 2017 capital expenditures guidance
Tuesday, 7 Feb 2017 07:00am EST 

PetroQuest Energy Inc - : Says company projects its Q1 2017 production to average between 55 and 59 mmcfe per day . Says company's capital budget for 2017 is expected to range between $40 million and $48 million . Forecasting sequential production growth throughout this year , are targeting a capex program that is within anticipated cash flow .Estimates 2016 production was about 23.5 bcfe, or 64.1 mmcfe per day, including q4 production estimate of 4.6 bcfe, or 49.9 mmcfe per day.  Full Article

Petroquest Energy increases Q4 2016 production guidance
Monday, 9 Jan 2017 04:01pm EST 

Petroquest Energy Inc : Petroquest energy increases fourth quarter 2016 production guidance and updates thunder bayou and east texas operations and hedging . Petroquest energy inc says expects to drill and complete 8-10 gross cotton valley wells during 2017 . Petroquest energy inc-increasing its q4 2016 production guidance to approximately 49-50 mmcfe per day .Petroquest energy inc says forecasting sequential quarterly production growth throughout year culminating with q4 2017 production volumes.  Full Article

Petroquest Energy Q3 loss per share $1.31
Monday, 31 Oct 2016 04:01pm EDT 

Petroquest Energy Inc - : Production for Q3 of 2016 was 5.2 Bcfe, compared to 7.4 Bcfe for comparable period of 2015 . Sees 4th quarter production volumes 42 - 46 mmcfe/d . Announces third quarter 2016 results; updates East Texas joint venture, operations, liquidity and hedging . Q3 loss per share $1.31 .Q3 earnings per share view $-0.42 -- Thomson Reuters I/B/E/S.  Full Article

Mackay Shields LLC reports 7.7 percent passive stake in Petroquest Energy Inc
Tuesday, 11 Oct 2016 06:00am EDT 

Petroquest Energy Inc :Mackay Shields LLC reports 7.7 percent passive stake in Petroquest Energy Inc as of Sept 30 - SEC filing.  Full Article

Petroquest energy elects to not make senior notes interest payment, enter into 30 day grace period
Thursday, 1 Sep 2016 04:01pm EDT 

Petroquest Energy Inc : Petroquest Energy elects to not make senior notes interest payment and enter into 30 day grace period . Believes it has current liquidity sufficient to make about $6.8 million semi-annual interest payment due on September 1 . Continuing to pay suppliers and trade creditors and fund current operations on an ongoing basis . Interest payment with respect to its outstanding 10% senior notes due 2017 .Entered into a forbearance agreement with lender under company's senior secured bank credit facility.  Full Article

Petroquest, TDC energy enters into 15th amendment to credit agreement
Thursday, 25 Aug 2016 04:18pm EDT 

Petroquest Energy Inc : On August 25,Petroquest Energy and TDC energy entered into fifteenth amendment to credit agreement and master assignment . Amendment decreased borrowing base in the credit agreement, from $22.5 million to $0 . Lenders agreed to approve,include co's issuance of up to $280.3 million of newly issued 10 percent second lien senior secured PIK notes due 2021 . Amendment decreased the aggregate commitment of the lenders from $22.5 million to $0 - SEC filing . Pursuant to amendment, lenders agreed to exit credit facility and assign respective rights and obligations under credit agreement Source: (http://bit.ly/2bDsUki) Further company coverage: [PQ.N] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Petroquest sees Q3 production volumes 52-56 MMCFE/D
Monday, 1 Aug 2016 04:07pm EDT 

Petroquest Energy Inc : Petroquest energy announces second quarter 2016 results . Q2 earnings per share view $-0.47 -- Thomson Reuters I/B/E/S . Q2 loss per share $1.38 . Reduction in production volumes during 2016 periods is primarily attributable to sale of company's arkoma assets in june of 2015 . Company has retained jefferies llc and seaport global as its financial advisors and porter hedges llp as its legal advisor . Sees q3 production volumes 52-56 mmcfe/d . Says "when compared to q2 of 2015, we realized an approximately 36% reduction in cash costs, or nearly $11 million" . Says production for q2 of 2016 was 6.0 bcfe, compared to 9.7 bcfe for comparable period of 2015 . Says oil and gas sales during q2 of 2016 were $15.8 million versus $32.6 million in q2 of 2015 .Continues to analyze options to address liquidity needs, extend maturity on 2017 notes.  Full Article

Petroquest Energy increases its Q2 2016 production guidance
Monday, 27 Jun 2016 07:00am EDT 

Petroquest Energy Inc : Petroquest Energy Inc Says Increasing Its Q2 2016 Production Guidance To 65 66 mmcfe per day . Says increase in company's q2 production guidance is primarily due to continued outperformance at its Thunder Bayou Well . Reducing its 2016 capital expenditure guidance to $15 million - $20 million .Petroquest energy increases its second quarter 2016 production guidance and reduces its 2016 capital expenditures guidance.  Full Article

Petroquest Energy announces approval of reverse stock split
Wednesday, 18 May 2016 11:41am EDT 

Petroquest Energy Inc : Petroquest Energy announces approval of reverse stock split by stockholders and board of directors . Company anticipates that reverse split will be effective at 5:00 p.m. Eastern time on May 18 . Will effect a reverse stock split at a ratio of 1 share of newly issued common stock for each four shares of issued and outstanding common stock .Upon effectiveness of reverse split, four shares will be automatically converted into one newly issued, outstanding share.  Full Article

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BRIEF-Petroquest Energy Q4 loss per share $0.46

* Petroquest Energy announces 2016 year-end and fourth quarter results and provides operations and hedging update