PetroQuest Energy Announces Successful Completion of Financial Restructuring; Provides 2018 Estimated Proved Oil and Gas Reserves and Production
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
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
EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. The company is headquartered in Lafayette, Louisiana. Central Louisiana Austin Chalk acquisition The company recently entered the Central Louisiana Austin
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
PetroQuest Energy Breakout Notes Charles T. Goodson, president and CEO of PetroQuest Energy, Inc., (ticker: PQ) presented today at EnerCom’s The Oil & Gas Conference® 22. PetroQuest is active in the Cotton Valley formation in East Texas and its Gulf of Mexico assets. PetroQuest will be bringing both sets of assets to production during 2017. PetroQuest’s production in Q2 averaged
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
PetroQuest announces free cash flow and production increased 156% and 13%, respectively Louisiana-based PetroQuest Energy (ticker: PQ) released its first quarter results Wednesday showing improving cash flow and stronger production. According to the company’s press release, free cash flow and production increased 156% and 13%, respectively, quarter-over-quarter. Discretionary cash flow for the first quarter of 2017 was $9,206,000, as compared
“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 Energy, Inc. (ticker: PQ) announced that J. Gerard Jolly, CPA has been appointed by the Board of Directors to serve as a director and the Chairman of the Audit Committee. The Company’s Board of Directors has affirmatively determined Mr. Jolly to be independent under the listing standards of the NYSE and the rules of the SEC. In addition, Mr. Jolly
PetroQuest Energy, Inc. (ticker: PQ) announced that Michael L. Finch has resigned from its board of directors. Finch served as a director and chairman of the Audit Committee since 2003 and has elected to pursue other opportunities, the company said in a press release. PetroQuest reported that Finch’s resignation was not due to any disagreement with the company on any matter regarding
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