Aldridge Resigns from PetroQuest

Michael O. Aldridge, the Company's Executive Vice President, Chief Financial Officer and Treasurer, has resigned from his positions effective March 5, 2008 to pursue other interests. Mr. Aldridge is expected to remain with the company as an employee to assist with transitional matters.

PetroQuest Energy, Inc. announced that W. Todd Zehnder has been promoted to Executive Vice President, Chief Financial Officer and Treasurer. Prior to his promotion, Mr. Zehnder served the Company as Vice President of Corporate Development and Vice President of Oil & Gas Marketing, as well as other positions including Controller.

Prior to joining PetroQuest in December 2001, he served the oil and gas industry for five years with KPMG LLP, where he attained the level of Manager. Mr. Zehnder is a Certified Public Accountant and earned a Bachelor of Science Degree from Louisiana State University in 1996. Mr. Zehnder is a member of Independent Petroleum Association of America, the Louisiana Oil & Gas Association, and the American Institute of Certified Public Accountants.

J. Bond Clement has been promoted to Senior Vice President and Chief Accounting Officer. Mr. Clement previously served as Vice President of Finance and Controller. Prior to joining PetroQuest in October 2004, Mr. Clement spent eight years in a variety of finance and accounting related management positions at Stone Energy Corporation and Freeport-McMoRan, Inc. From 1993 to 1996, Mr. Clement worked at Arthur Andersen LLP primarily serving energy related clients. Mr. Clement earned a Bachelor of Science Degree in Accounting, Cum Laude, from Louisiana State University in 1993 and is a Certified Public Accountant.

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