Post Tagged with: "PQ"

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share. For 2017, the company reported a net loss to common stockholders of $11,776,000, or $(0.55) per share, compared to net loss to common shareholders of $96,245,000, or $(5.24) per share, for 2016. Taxes Production taxes for Q4 2017 totaled $1,312,000, as compared to $(255,000) in the fourth quarter of 2016. For 2017, production taxes were $3,302,000, as compared to $354,000 for 2016. Production taxes during 2016 included $1,292,000 of production tax refunds on certain East Texas wells that qualified for a gas tax credit. In addition, the two-year severance tax exemption on the Thunder Bayou well expired in June 2017. Production In Q4 2017, PetroQuest produced 168,327 Bbls of oil, ~6.4 MMcf of[Read More…]

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas. The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum 24-hour gross daily rate of 18,385 Mcf of gas, 1,354 barrels of NGLs and 55 barrels of oil, for an equivalent rate of 26,839 Mcfe/d. The initial maximum 24-hour gross daily rates and certain additional operating data per well were as follows: Well Max 24-Hour Mcfe/d Lateral Length (ft) Lbs Proppant/foot Cluster Spacing (ft) Bench Tested PQ #29 15,371 6,250 772 101 E-Berry PQ #30 11,469 5,382 759 101 E-Berry   PetroQuest estimates these two wells had an average drill and complete cost of $887 per lateral foot. The company is in the process of evaluating various joint venture structures in connection with planning its 2018 Cotton Valley drilling program.

February 20, 2018 - 12:13 pm Closing Bell Story, Fracing
PetroQuest Energy, Inc. (PQ) Enters Q4 with Strong Oil and Gas Sales

PetroQuest Energy, Inc. (PQ) Enters Q4 with Strong Oil and Gas Sales

PetroQuest Energy’s net daily production rate exceeded 100 MMcfe in Oct., doubling production since Q4 2016 Q3 highlights Oil and gas sales were $28,184,000 Loss to common stockholders of $3,085,000, or ($0.15) per share Discretionary cash flow was $13,741,000 Production was 7.5 Bcfe Lease operating expenses (LOE) increased to $8,863,000 Production taxes totaled $1,112,000 Q4 guidance PetroQuest said that the production guidance for Q4 2017 takes into consideration the deferral of completions on two drilled Cotton Valley wells into 2018. The deferred completion aligned the company’s capital budget with estimated cash flow. Additionally, one month of downtime is expected at West Delta 89 due to third party pipeline maintenance in Q4. There was also downtime for all of PetroQuest’s Gulf of Mexico fields as a result of Hurricane Nate in Oct. The mid-point of the company’s current Q4 2017 production guidance would represent an approximate 86% increase from the average[Read More…]

PetroQuest Energy Continued Listing Plan Accepted by NYSE

PetroQuest Energy Continued Listing Plan Accepted by NYSE

August 24, 2017 - 4:58 pm 360 Company Releases
PetroQuest Energy Reports Q2 Production of 6.3 Bcfe

PetroQuest Energy Reports Q2 Production of 6.3 Bcfe

In its second quarter, PetroQuest Energy (ticker: PQ) produced a total of 6.3 Bcfe up from 6.0 Bcfe produced in Q2, 2016. PetroQuest had a loss of $3,385,000 for Q2, 2017, down significantly from a Q2, 2016 loss of $24,143,000. The company’s production for the first half of the year was 11.5 Bcfe. The company reported lease operating costs of $1.12 per Mcfe, a decrease of $0.02 since Q2 2016. The company’s average daily production was 69.5 Mmcfe per day during Q2. The company is waiting to restore production from its recompleted Ship Shoal 72 well, which it believes will add another 6 Mmcfe per day of net production. PetroQuest has set a guidance of between 85 and 90 Mmcfe per day. PetroQuest has—as of the end of Q2—begun completions operations on a two well pad in which it holds an average of 76% working interest in its northern Cotton[Read More…]

Investor Network: PetroQuest Energy, Inc. to Host Earnings Call

Investor Network: PetroQuest Energy, Inc. to Host Earnings Call

August 3, 2017 - 7:45 am 360 Company Releases

PetroQuest Energy Announces Second Quarter 2017 Results

PetroQuest Energy Announces Second Quarter 2017 Results

August 2, 2017 - 4:01 pm 360 Company Releases

PetroQuest Energy, Inc. Invites You To Join Its Second Quarter 2017 Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its Second Quarter 2017 Earnings Conference Call

July 24, 2017 - 4:01 pm 360 Company Releases

PetroQuest Energy Announces 38.2 MMcfe/d Initial Rate From its First Cotton Valley Pad and Increases Second and Third Quarter 2017 Production Guidance

PetroQuest Energy Announces 38.2 MMcfe/d Initial Rate From its First Cotton Valley Pad and Increases Second and Third Quarter 2017 Production Guidance

July 12, 2017 - 4:01 pm 360 Company Releases

EnerCom The Oil & Gas Conference(R): 2017 Registrations Outpacing 2016

EnerCom The Oil & Gas Conference(R): 2017 Registrations Outpacing 2016

June 21, 2017 - 4:44 pm 360 Company Releases

PetroQuest Energy Receives Continued Listing Standard Notice From NYSE

PetroQuest Energy Receives Continued Listing Standard Notice From NYSE

June 16, 2017 - 4:01 pm 360 Company Releases

Petroquest Energy Announces Extension of Exchange Offer for 10% Second Lien Senior Secured Notes Due 2021 and 10% Second Lien Senior Secured PIK Notes Due 2021

Petroquest Energy Announces Extension of Exchange Offer for 10% Second Lien Senior Secured Notes Due 2021 and 10% Second Lien Senior Secured PIK Notes Due 2021

May 26, 2017 - 8:25 am 360 Company Releases

PetroQuest Energy Announces First Quarter 2017 Earnings; Provides Hedging and Operations Update

PetroQuest Energy Announces First Quarter 2017 Earnings; Provides Hedging and Operations Update

May 3, 2017 - 4:01 pm 360 Company Releases

PetroQuest Energy, Inc. Invites You To Join Its First Quarter 2017 Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its First Quarter 2017 Earnings Conference Call

April 21, 2017 - 4:03 pm 360 Company Releases

PetroQuest Energy Announces 2016 Year-End And Fourth Quarter Results And Provides Operations And Hedging Update

PetroQuest Energy Announces 2016 Year-End And Fourth Quarter Results And Provides Operations And Hedging Update

March 7, 2017 - 4:01 pm 360 Company Releases

EnerCom Dallas Energy Investment Conference: Two Jam-Packed Days Ahead

EnerCom Dallas Energy Investment Conference: Two Jam-Packed Days Ahead

February 24, 2017 - 4:12 pm 360 Company Releases

PetroQuest Energy, Inc. Invites You To Join Its 2016 Year-End and Fourth Quarter Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its 2016 Year-End and Fourth Quarter Earnings Conference Call

February 14, 2017 - 4:04 pm 360 Company Releases

EnerCom Dallas Oil & Gas Conference Presenters Span Multiple Basins

EnerCom Dallas Oil & Gas Conference Presenters Span Multiple Basins

February 7, 2017 - 7:02 pm 360 Company Releases

PetroQuest Energy Announces 2016 Estimated Proved Oil And Gas Reserves And Production; Provides First Quarter 2017 Production And 2017 Capital Expenditures Guidance; Updates Operations

PetroQuest Energy Announces 2016 Estimated Proved Oil And Gas Reserves And Production; Provides First Quarter 2017 Production And 2017 Capital Expenditures Guidance; Updates Operations

February 7, 2017 - 7:00 am 360 Company Releases
PetroQuest Ups Q4 Production Guidance, Updates Thunder Bayou and Cotton Valley

PetroQuest Ups Q4 Production Guidance, Updates Thunder Bayou and Cotton Valley

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 of the well’s recompletion operation, the company said. Operations Update: Thunder Bayou and Cotton Valley In South Louisiana, PetroQuest shut in the Thunder Bayou well and expects to commence completion operations in approximately one week. PetroQuest is completing the upper section of the Cris R-2 formation (154 net feet of pay). In a press release, PetroQuest said it expects to initiate production from the upper section of the Cris R-2 formation in approximately four weeks and to increase the production rate in stages before reaching its gross production target of 50-70[Read More…]

PetroQuest Energy Increases Fourth Quarter 2016 Production Guidance And Updates Thunder Bayou And East Texas Operations And Hedging

PetroQuest Energy Increases Fourth Quarter 2016 Production Guidance And Updates Thunder Bayou And East Texas Operations And Hedging

January 9, 2017 - 4:01 pm 360 Company Releases

PetroQuest Energy Announces Appointment Of Director

PetroQuest Energy Announces Appointment Of Director

December 14, 2016 - 7:00 am 360 Company Releases

PetroQuest Energy Announces Resignation Of Director

PetroQuest Energy Announces Resignation Of Director

December 12, 2016 - 4:01 pm 360 Company Releases

PetroQuest Energy Announces East Texas Joint Venture

PetroQuest Energy Announces East Texas Joint Venture

November 10, 2016 - 7:00 am 360 Company Releases

PetroQuest Energy Announces Third Quarter 2016 Results; Updates East Texas Joint Venture, Operations, Liquidity And Hedging

PetroQuest Energy Announces Third Quarter 2016 Results; Updates East Texas Joint Venture, Operations, Liquidity And Hedging

October 31, 2016 - 4:01 pm 360 Company Releases

PetroQuest Energy, Inc. Invites You To Join Its Third Quarter 2016 Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its Third Quarter 2016 Earnings Conference Call

October 18, 2016 - 4:20 pm 360 Company Releases

PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement

PetroQuest Energy Announces New $50 Million Multi-Advance Term Loan Agreement

October 17, 2016 - 4:01 pm 360 Company Releases

PetroQuest Energy Announces Closing Of Its Exchange Offers And Consent Solicitation

PetroQuest Energy Announces Closing Of Its Exchange Offers And Consent Solicitation

September 27, 2016 - 4:01 pm 360 Company Releases

PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Extended Early Tender Date

PetroQuest Energy Announces Results Of The Exchange Offers And Consent Solicitation As Of The Extended Early Tender Date

September 14, 2016 - 7:30 am 360 Company Releases

PetroQuest Energy Announces Amendment To Support Agreements And Waiver Of Minimum Condition Allowing Existing Tenders To Be Sufficient To Consummate Exchange Offers

PetroQuest Energy Announces Amendment To Support Agreements And Waiver Of Minimum Condition Allowing Existing Tenders To Be Sufficient To Consummate Exchange Offers

September 13, 2016 - 7:30 am 360 Company Releases