January 26, 2016

Keane Group, a privately-held U.S. based well completion services company, has agreed to acquire the majority of Canada-based Trican Well Service Ltd.’s (TCW.TO) U.S. assets for total consideration of U.S. $247 million, comprised of U.S. $200 million in cash plus a minority interest stake in Keane Group. With the acquisition, Keane will triple its frac capacity, acquire access to proprietary

PetroQuest Energy, Inc. (PQ) announced today that the Company’s fourth quarter 2015 production averaged approximately 72.5 MMcfe per day (75% gas, 15% NGL and 10% oil), as compared to the previously announced guidance of 67-73 MMcfe per day. At December 31, 2015, the Company had $148 million in cash and no borrowings outstanding under its credit facility. The Company is