PetroQuest Energy Announces Record 2014 Estimated Proved Oil And Gas Reserves And Production; Provides 2015 Production And Capital Expenditures Guidance; Updates Operating Activities And Hedging
PetroQuest Energy, Inc. (PQ) announced today that the Company ended 2014 with approximately 397 Bcfe of estimated proved oil and gas reserves having a pre-tax discounted value (“PV-10”) including hedges of approximately $600 million. The Company’s proved reserves and PV-10 increased 32% and 27% from 2013, respectively. The Company’s estimated proved reserves at December 31, 2014 were comprised of 77%