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Petroquest Energy Inc Updates Q3 2012 Production Guidance


Tuesday, 30 Oct 2012 07:02am EDT 

Petroquest Energy Inc announced that it estimates that between 0.1 and 0.2 Bcfe of net production was deferred from the third quarter of 2012 as a result of down-time caused by Hurricane Isaac. No damage occurred at any of the Company's Gulf Coast properties and all production has been restored to pre-storm levels. In addition, as a result of extended third party pipeline downtime, the Company experienced a delay in initiating production from the second La Cantera well and the La Cantera field has been flowing at restricted production rates since the pipeline became operational. As a result, the Company expects its third quarter 2012 production to be slightly above 92 Mmcfe per day, which is within the range of its previously issued production guidance. 

Company Quote

46.25
-0.25 -0.54%
11 Jul 2014