PetroQuest Logs Pay at English Turn
PetroQuest has logged a successful well at its English Turn Prospect in South Louisiana.
The company has drilled to a total depth of approximately 13,500 feet, logging approximately 210 feet true vertical depth of net productive sands in a single objective. It is currently completing the well and it is expected to begin producing within two months at a gross rate of 10 to 15 million cubic feet equivalent per day.
PetroQuest has an approximate 41-percent net revenue interest in the well.
PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters of the Gulf of Mexico. PetroQuest trades on the New York Stock Exchange under the ticker symbol "PQ".
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