Monday, October 7, 2024
PetroQuest Energy Thunder Bayou La Cantera well

PetroQuest Acquires Central Louisiana Austin Chalk Oil Property – 24,600 Acres

Looking to replicate Texas Austin Chalk results Lafayette, Louisiana-based PetroQuest Energy (ticker: PQ) announced its entry into an oil focused play in central Louisiana today, targeting the Austin Chalk. PetroQuest will acquire interests in 24,600 gross acres, for a purchase price of about $18 million. This acreage will target the Austin Chalk formation, the same formation that is targeted in

LINN Energy Begins Tender Offer to Purchase up to 7.4 Million Shares of Common

LINN Energy, Inc. (ticker: LNGG) announced the commencement of a tender offer to purchase for cash up to 7,386,364 shares of its Class A common stock. The stock purchase price will be $44.00 per share, the company said in a brief statement. The number of shares proposed to be purchased in the tender offer represents approximately 8.8% of the company’s

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