Profile: PetroQuest Energy Inc (PTQEP.PK)
30 Sep 2015
PetroQuest Energy, Inc., is incorporated on August 26, 1998, is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf. As of December 31, 2013, the Company has 95% drilling success rate on 918 gross wells drilled. The Company’s projects are focused on Oklahoma – Woodford, East Texas and Gulf Coast Basin.
The Company’s Oklahoma – Woodford has drilled and participated in 25 gross wells. Its Average daily production from its Oklahoma properties during 2013 totaled 47 Millions of Cubic Feet Equivalent (MMcfe) per day. Its East Texas properties have approximately 2,000 net acres. Its Net production from its East Texas assets averaged 16.3 MMcfe per day. The Gulf Coast Basin has five gross wells with a production of 39.1 MMcfe per day.
PetroQuest Energy Inc
400 E Kaliste Saloom Rd Ste 6000
LAFAYETTE LA 70508-8523