“This well has the highest sustained deliverability in the Gulf Coast, and we believe in the United States” – PetroQuest PetroQuest (ticker: PQ) released its fourth quarter and year-end 2016 operations and financial updates today, which continued to demonstrate the impressive results the company is seeing from its Thunder Bayou well. “Based on current run rate and utilizing the fourth
Big 2017 in the offing for PQ PetroQuest Energy, Inc. (ticker: PQ) increases its fourth quarter 2016 production guidance to approximately 49-50 MMcfe/day, up from its previously issued guidance of 42-46 MMcfe/day. The increased production guidance is primarily due to greater than expected production from the Thunder Bayou well during December as a result of a change in the timing
PetroQuest is targeting record production growth in 2017 Today’s announcement from PetroQuest Energy (ticker: PQ) delivered a clear signal that PetroQuest will hit the accelerator on growth starting now, anchored by a Texas drilling program that could deliver an attractive 2017 for the GOM/East Texas-focused E&P headquartered in Lafayette, Louisiana. PQ Manager of Corporate Communications Matt Quantz was in a positive
Announces Rights via Purchase/Leasing Options on 132,758 Net Acres for $373.8 Million Memorial Resource Development (ticker: MRD) unknowingly picked a very difficult time to enter the public sphere (the company launched its initial public offering on June 2, 2014), but the Houston-based company has been one of the more active buyers on the new commodity environment. In a September 21,
More Hz Drilling in Cotton Valley and Woodford with a Gulf Coast Catalyst around the Corner In a non-deal roadshow in mid-October, PetroQuest Energy (ticker: PQ) executives told investors and analysts that they expected the company would end 2014 with record production and reserves. After reporting its Q3’14 and nine months results, PQ appears to be on track to meet
PetroQuest Energy (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow Gulf of Mexico. The company has largely transitioned from gas drilling to focusing on liquids-rich projects and expects 2014 to be its best year in company
GMX Resources (ticker: GMXR) is an oil and natural gas exploration and production company targeting oil prospects in the Williston Basin Bakken/Three Forks, and the DJ Basin Niobrara. GMXR also operates in the Haynesville/Bossier Formation and the Cotton Valley Sand Formation in the East Texas Basin. On July 17, 2012, GMXR proposed a sale of a portion of its Cotton
