Petroquest Energy Inc. (PQ)

[la izzy]

i think this will be a good one to hold


The Associated PressSeptember 15, 2011, 11:56AM ETtext size: TT


PetroQuest acquires Oklahoma tract



09/15/2011

LAFAYETTE, La.

PetroQuest Energy Inc. has acquired about 28,000 acres in the Mississippi Lime formation, an oil and gas-bearing deposit that stretches through northern Oklahoma and southern sections of Kansas.

The company said it paid $24 million for the tract, which is in Pawnee County, Okla.

Lafayette-based PetroQuest focuses mainly on land exploration and production in Wyoming, Texas and Louisiana and in the shallow waters of the Gulf of Mexico.

Shares of PetroQuest rose 14 cents to $7.56 in afternoon trading Thursday.