PetroQuest: Ship Shoal Production Restored

PetroQuest Energy, Inc. said Monday that production has been restored in its Ship Shoal Block 72 field. The Company is currently ramping up production, which should be completed within a couple of days. Once fully restored, the Company expects record daily production from the field due to recent well successes and recompletion activities. The Ship Shoal field, which comprised 24% of the Company's total third quarter production, has been shut in due to mechanical problems with a field pipeline that occurred at the end of the third quarter.

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.

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