Wednesday, November 20, 2024

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

PetroQuest Translating Cash Flow Growth into Production Growth

Between its East Texas and Gulf of Mexico assets, PetroQuest (ticker: PQ) produced 5.225 Bcfe during Q1, 2017 at an average rate of approximately 58 Mmcfe per day. The company’s 2016 reserves value was reported at approximately 115 Bcfe, 72% of which was located in the East Texas assets and the other 28% in the Gulf Coast assets. PetroQuest expects

Lonestar Resources Increasing Footprint, Flow Rates in the Eagle Ford

Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is listed on both the Australian Stock Exchange (following a January 2013 merger with Amadeus Energy) and the U.S. based OTCQX

GMX Resources Retains Haynesville/Bossier Resource Base; Sells Cotton Valley Sands and Shallow Rights for $69.0 Million

GMX Resources (ticker: GMXR) entered into a definitive purchase and sale agreement with a private third party to sell certain interests in specified operated and non-operated properties in East Texas and Louisiana assets for approximately $69.0 million. The assets include primarily Cotton Valley Sands and shallow rights. GMXR will retain its entire Haynesville/Bossier (H/Bz) resource base, as well as Cotton

GMX Resources Announces Proposed Sale of Cotton Valley Sand Assets

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