Profile: PetroQuest Energy, Inc (PQ)

PetroQuest Energy, Inc. is an independent oil and gas company with operations in Oklahoma, Texas, Arkansas and the Gulf Coast Basin. During the year ended December 31, 2008, the Company drilled 109 gross exploratory wells and 41 gross development wells.

Oklahoma

During 2008, the Company expanded its evaluation of the Woodford Shale as it drilled 35 gross wells targeting this formation. During 2008, its average daily production from its Oklahoma properties was 25.1 million cubic feet equivalent (MMcfe).

Arkansas

During 2008, the Company drilled 91 gross wells. During 2008, its average daily production from its Arkansas properties was 4.5 MMcfe.

Texas

During 2008, the Company drilled 10 gross wells in Texas properties. During 2008, its net production from its Texas properties averaged 14 MMcfe per day.

Gulf Coast Basin

During 2008, the Company drilled seven wells onshore south Louisiana, four of which were successful, including discoveries at its Pelican Point and Leghorn prospects. Production from these two wells during 2008 provided approximately 3% of its total production.