PetroQuest Energy, Inc. Company News

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PetroQuest Emerges from Chapter 11 Bankruptcy
Tuesday, February 12, 2019US independent PetroQuest Energy emerges from Chapter 11 bankruptcy.

PetroQuest Brings Louisiana La Cantera Well Online
Wednesday, March 21, 2012PetroQuest Energy, Inc. recently initiated production from its Thibodeaux #1 discovery well at its La Cantera prospect in South Louisiana.

PetroQuest Cheers LA Gas Find
Monday, August 29, 2011JGC announced that a large gas column has been discovered in the first exploratory well in Louisiana, USA.

PetroQuest Cites Re-Determination of Borrowing Base
Thursday, September 30, 2010PetroQuest's bank group has completed its semi-annual re-determination of its borrowing base under its credit facility.

PetroQuest Prices Senior Notes Offering
Friday, August 13, 2010PetroQuest has priced an offering at par of $150 million aggregate principal amount of Senior Notes due 2017.

PetroQuest Enters Woodford Shale JV
Tuesday, May 25, 2010PetroQuest has entered into a joint venture agreement with WSGP and NextEra, whereby NextEra acquired a 50% interest in the Company's undeveloped Woodford acreage position as well as 50% of the Company's Woodford proved undeveloped reserves.

PetroQuest Ends 2009 with 179 Bcfe of Proved Reserves
Tuesday, February 09, 2010PetroQuest Energy ended 2009 with approximately 179 Bcfe of proved oil and gas reserves.

PetroQuest Repays Debt, Continues Growth in Woodford Shale
Wednesday, January 06, 2010"We are pleased with our decision in 2009 to repay $101 million of revolver debt, and are excited to be resuming our growth story in 2010," said Charles T. Goodson, Chairman, Chief Executive Officer and President.

U.S. Energy Underscores Initial Production at Brad Olsen Well
Friday, October 16, 2009U.S. Energy Corp. has announced the initial production rate from its Brad Olson 9-16 No.1H Bakken well and provided an overall operations update regarding its various interests in the oil and gas sector.

PetroQuest Updates on Borrowing Base Redetermination, Hedging
Thursday, October 01, 2009PetroQuest Energy's bank group has completed its semi-annual re-determination of its borrowing base under its credit facility.

PetroQuest Energy Prices Offering of Common Stock
Thursday, June 25, 2009PetroQuest Energy has priced its previously announced public offering of 10,000,000 shares of its common stock at $3.50 per share.

PetroQuest Energy Commences Public Offering of 10MM Shares of Common Stock
Tuesday, June 23, 2009PetroQuest Energy has commenced an underwritten public offering of 10,000,000 shares of its common stock.

PetroQuest Closes $300MM Credit Facility
Monday, October 06, 2008PetroQuest Energy announced that on October 2, 2008, it closed a $300 million bank credit facility.

PetroQuest Drills Ahead in Woodford Shale, Estimates Oklahoma Production
Monday, October 06, 2008PetroQuest is currently completing one Woodford Shale well and has reached total depth on three horizontal operated Woodford wells. The Company estimates current net production from its Oklahoma properties is approximately 31 MMcfe per day.

Bayou Bend Updates on Eugene, to Participate in South Timbalier Block 49
Tuesday, August 26, 2008Bayou Bend provided an update on its drilling results of the Eugene Island 164 Prospect, and has signed an agreement to participate in the Smoothe Prospect in South Timbalier Block 49.

Bayou Bend Participates in EI-164 Offshore Louisiana
Thursday, May 22, 2008Bayou Bend entered into a Participation Agreement with PetroQuest Energy, L.L.C., and others to jointly drill and develop Eugene Island Block 164 in the Federal Waters off of the Louisiana coast.

Aldridge Resigns from PetroQuest
Friday, March 07, 2008Michael 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.

PetroQuest Makes Discovery in Southeast Louisiana
Monday, March 03, 2008PetroQuest expects production to begin May/June 2008 with initial gross rates of about 20,000 Mcfe per day.

PetroQuest Begins Negotiations for Well Drilling Program in W. Virginia
Thursday, February 21, 2008As the price of standard grade crude oil continues to hover near $100.00 per barrel, the timing of this contemplated project is certainly fortuitous.

PetroQuest Reports Record Earnings in 2007
Wednesday, February 20, 2008PetroQuest Energy, Inc. announced net income available to common shareholders for the fourth quarter 2007 of $10,837,000, or $0.22 per share, compared to fourth quarter 2006 net income available to common shareholders of $311,000 or $0.01.

PetroQuest Ends 2007 with Record 157 Bcfe Proved Reserves
Thursday, January 31, 2008The company ended 2007 with approximately 157 Bcfe of proved oil and gas reserves, a new company record. Approximately 91% of the proved reserves were natural gas, and approximately 61% were located in long-lived basins.

PetroQuest Digs Deep In Arkoma, Woodford Shale,
Thursday, January 31, 2008A total of 20 successful wells were drilled in the Arkoma Basin during the fourth quarter of 2007 resulting in an 91% success rate. The Company drilled six horizontal Woodford Shale wells during the fourth quarter, four of which were operated.

Inner-Piece of Gas: PetroQuest Closes Deal on Buda Formation
Thursday, January 31, 2008PetroQuest completed the purchase of a private company's interest in the Weekley prospect targeting the Buda formation in East Texas in January 2008.

PetroQuest 2008 Net Production as High as 100 Mmcfe/d
Thursday, January 31, 2008PetroQuest is projecting its 2008 net production to average approximately 94-100 MMcfe per day and expects approximately 45% of the estimated production to come from long-lived areas of Arkansas, Oklahoma and Texas.

PetroQuest Acquires Five Oil and Gas Wells in Ohio
Tuesday, October 30, 2007PetroQuest's subsidiary, Mountaineer Gas Transmission has finalized the acquisition of 100% of the working interest in five gas and oil wells in Vinton County, Ohio, for $150,000.

PetroQuest to Sell $50 Million in Series B Preferred Stock
Wednesday, September 19, 2007PetroQuest intends to publicly offer $50 million of Series B cumulative convertible perpetual preferred stock, subject to market conditions pursuant to an effective shelf registration statement previously filed with the SEC.

PetroQuest Expands Position in Arkoma Basin
Tuesday, August 28, 2007PetroQuest has substantially expanded its leasehold position in the Fayetteville Shale trend of the Arkoma Basin by increasing its acreage to over 17,000 net acres in Van Buren County, Arkansas.

Production has Been Restored on PetroQuest's Main Pass 74 Field
Thursday, August 16, 2007PetroQuest Energy says that production has been restored in its Main Pass 74 field.

PetroQuest Promotes Stover to EVP
Friday, June 08, 2007PetroQuest Energy, Inc. has promoted Mark K. Stover to Executive Vice President – Business Development.

Bayou Bend Adds Prospect to Bayou State Portfolio
Friday, April 27, 2007Bayou Bend Petroleum Ltd. has entered into a Participation Agreement for oil and gas exploration rights on 2,899.9 acres, which includes the large LaPosada prospect, located in Iberia and Vermilion parishes, La.

Maurel & Prom Reports Sharp Increase in Earnings
Thursday, March 29, 2007Maurel & Prom on Thursday announced its full-year results for 2006.

PetroQuest: Ship Shoal Production Restored
Monday, December 11, 2006PetroQuest Energy, Inc. said Monday that production has been restored in its Ship Shoal Block 72 field.

PetroQuest Sells Gulf of Mexico Assets
Tuesday, November 14, 2006PetroQuest Energy has closed the sale of its interests in 17 mature Gulf of Mexico fields to a private company for approximately $17 million, subject to post-closing adjustments.

PetroQuest Acquires Natural Gas Gathering System
Wednesday, August 02, 2006PetroQuest Resources, Inc. reported that Tyr Energy, Inc., one of its wholly owned subsidiaries, acquired approximately 82 miles of natural gas pipeline, gathering, transportation system, rights of way, and meter site sales points.

PetroQuest Boosts Production Guidance, Updates Operating Activities
Wednesday, July 05, 2006PetroQuest Energy, Inc. said that the company is increasing its second-quarter production guidance to 69-71 Mmcfe per day from its previously issued guidance of 65-69 Mmcfe per day.

PetroQuest Logs Pay at English Turn
Friday, June 09, 2006PetroQuest has logged a successful well at its English Turn Prospect in South Louisiana.

PetroQuest Energy Reports Record 2005 Year-End and 4Q Results
Friday, February 17, 2006PetroQuest Energy reported net income for the quarter ended December 31, 2005 of $8,320,000, compared to fourth quarter 2004 net income of $4,999,000.

PetroQuest Energy Logs Pay at Pelican Point Prospect
Friday, January 27, 2006PetroQuest Energy has made a significant discovery in South Louisiana at its Pelican Point Prospect.

PetroQuest Acquires Producing Wells in Wood County, West Virginia
Friday, December 30, 2005PetroQuest Resources says that Mountaineer Gas Transmission, Inc., its wholly owned gas and oil production subsidiary, recently acquired 12 gas and oil wells in Wood County, West Virginia.

PetroQuest Energy Sees Increase in Third Quarter Results
Friday, October 28, 2005PetroQuest Energy reported net income for the quarter ended September 30, 2005 of $5,045,000 or $0.10 per share, compared to third quarter 2004 net income of $3,940,000 or $0.08 per share.

PetroQuest Energy Says Production Restart Delayed by Downstream Damage
Thursday, September 29, 2005PetroQuest Energy reports that its initial visual assessment of its Gulf Coast production facilities has been completed and there is no major structural damage to any of the Company's major facilities.

PetroQuest Energy Prices Private Placement of Senior Notes
Monday, May 09, 2005PetroQuest Energy has priced a private placement of $125 million in aggregate principal amount of 10.375% Senior Notes due 2012.

PetroQuest Apparent High Bidder on 7 Gulf of Mexico Blocks
Friday, March 18, 2005PetroQuest Energy was the apparent high bidder on 7 blocks in the shallow waters of the Central Gulf of Mexico in OCS Sale 194 conducted in New Orleans on March 16th.

PetroQuest Energy Arkoma Basin Acreage
Friday, October 15, 2004PetroQuest Energy has acquired from a private company its interest in natural gas properties located in the Arkoma Basin of Oklahoma for approximately $13.5 million.