“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
PetroQuest Energy (ticker: PQ) will be presenting at EnerCom’s The Oil & Gas Conference® 21 in Denver, on Tuesday, August 16, 2016. The company operates in the Woodford, East Texas Cotton Valley, and Gulf Coast regions. Over the past year, PetroQuest has worked to divest the company’s Oklahoma assets to focus on projects in the other three basins. In June
PetroQuest Energy (ticker: PQ), a micro-cap E&P headquartered in Lafayette, Louisiana, projects volumes to reach record highs of 125 to 131 MMcfe/d (76% gas) in Q2’15, the company said in its Q1’15 earnings release. Charlie Goodson, Chief Executive Officer and President of PetroQuest, said, “This record production profile coupled with a minimal capex program in the back half of 2015
Thunder Bayou Production Expected to Commence Q2 2015 at 25-30 MMcfe/day gross On December 9, 2014, PetroQuest Energy (ticker: PQ) announced results from its Thunder Bayou Prospect (50% working interest and 37% net revenue interest) located in Vermilion Parish, Louisiana. The onshore well encountered 490 gross feet (202 net) of pay within the primary Cris R2 objective and casing has been set
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