This board's purpose is for fundamental and technical discussion about PetroQuest Energy, Inc., PQ.
PetroQuest Energy, Inc. (PetroQuest) is an independent oil and gas company. The Company is engaged in the exploration, development, acquisition and operation of oil and gas properties in Texas, Oklahoma, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. During the year ended December 31, 2006, PetroQuest's estimated proved reserves totaled 2,731 million barrels (MBbls) of oil and 118,153 million cubic feet equivalent (MMcfe) of natural gas. As of December 31, 2006, the Company operated approximately 60% of its total estimated proved reserves and managed the drilling and completion activities on an additional 31% of such reserves. As of December 31, 2006, the Company owned working interests in 16 gross (10 net) producing oil wells and 571 gross (217 net) producing gas wells. Of the 587 gross productive wells as of December 31, 2006, 14 had dual completions. PetroQuest sells its natural gas and oil production under fixed or floating market contracts.
400 E. Kaliste Saloom Road
Lafayette, LA 70508