Key Developments: PetroQuest Energy Inc (PTQEP.PK)

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

24 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Petroquest Energy Inc Announces Acquisition Of Shallow Water Gulf Of Mexico Assets
Wednesday, 19 Jun 2013 04:32pm EDT 

Petroquest Energy Inc announced that it has entered into definitive agreements to acquire certain shallow water Gulf of Mexico producing properties (the Acquired Assets) for approximately $193 million in cash. The transactions will be effective as of January 1, 2013 and are expected to close in July 2013, subject to customary closing conditions.  Full Article

Petroquest Energy Inc Issues FY 2013 Production Guidance
Tuesday, 5 Feb 2013 04:01pm EST 

Petroquest Energy Inc announced that for fiscal 2013, it expects production to average between 90 and 95 MMcfe per day with approximately 80%, 8% and 12% to be derived from natural gas, oil and natural gas liquids.  Full Article

Petroquest Energy Inc Announces Sale Of Fayetteville Assets
Monday, 7 Jan 2013 03:08pm EST 

Petroquest Energy Inc announced that on December 31, 2012, the Company completed the sale of its Fayetteville Shale assets (100% non-operated) located in Arkansas for net proceeds of approximately $9.2 million, subject to customary post-closing adjustments.  Full Article

Petroquest Energy Inc Issues Q4 2012 Production Guidance
Wednesday, 7 Nov 2012 05:30am EST 

Petroquest Energy, Inc. announced that for the fourth quarter of 2012, it expects production volumes of 94-98 MMcfe/d.  Full Article

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.  Full Article

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