PetroQuest Energy (NYSE: PQ) announced the Thibodeaux #1 discovery well at the La Cantera prospect (17% NRI) in South Louisiana is currently flowing at a gross daily rate of approximately 31 MMcfe/d (26% oil and liquids) - the high end of company expectations (20 MMcfe/d to 30 MMcfe/d).

PQ and partners are currently drilling an unbooked development location on La Cantera. The Broussard Estates #2 well (24% WI) is drilling at approximately 13,000 feet, and expected to reach total depth of 18,900 feet late Q2’12.
Mississippian Lime Activity:
PQ ...

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