On December 13, 2016, the Board of Directors (the “Board”) of PetroQuest Energy, Inc., a Delaware corporation (the “Company”), appointed J. Gerard Jolly to the Board to fill the vacancy created by the recent resignation of Michael L. Finch. Mr. Jolly was also appointed as a member of the Board’s Audit, Compensation and Nominating and Corporate Governance Committees, and as Chairman of the Audit Committee.

Mr. Jolly, age 64, was a long-time partner in the nationally recognized accounting firm of KPMG until his retirement in 2012. Since 2012, Mr. Jolly has provided tax and consulting services specializing in strategic and succession planning, governance, estate planning and philanthropy. In his more than 30 year career with KPMG, Mr. Jolly served in a variety of roles including the firm’s National Managing Partner of its mid-market business and was a member of the firm’s Board of Directors. As a member of the KPMG board, Mr. Jolly served as Chairman of the Audit, Finance and Operations Committee as well as the Nominating Committee.

Mr. Jolly is a licensed CPA and holds a B.S. in Accounting from Louisiana State University. He is a member of the E.J. Ourso College of Business Hall of Distinction at Louisiana State University, the immediate past Chairman of the Dean’s Advisory Council for the E.J. Ourso College of Business and the Chairman of the Pennington Biomedical Research Foundation.

The Company is not aware of any other arrangement or understanding between Mr. Jolly and any other person to which Mr. Jolly will be appointed to the Board. Mr. Jolly will participate in the non-employee director compensation programs of the Company, as described in its most recent proxy statement, as such programs are amended from time to time.

Item 7.01. Regulation FD Disclosure

On December 14, 2016, the Company issued a news release announcing the appointment of Mr. Jolly. A copy of the news release is furnished as Exhibit 99.1 hereto and is incorporated herein by reference.

In accordance with General Instruction B.2 of Form 8-K, the information set forth in the attached Exhibit 99.1 is deemed to be “furnished” and shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number Description of Exhibit

99.1 News Release dated December 14, 2016.

About PETROQUEST ENERGY, INC. (NYSE:PQ)

PetroQuest Energy, Inc. is an oil and gas company. The Company is engaged in exploratory, development and acquisition activities. The Company has approximately 30 gross exploratory wells and over 30 gross development wells. The Company has reserves in various areas, including East Texas, Gulf Coast Basin and Oklahoma Woodford. Its annual production from East Texas area is approximately 114.1 billions of cubic feet equivalent (Bcfe); Gulf Coast Basin is over 43.9 Bcfe, and Oklahoma Woodford is approximately 20.0 Bcfe. The net production from its East Texas assets averages over 30.4 millions of cubic feet equivalent (MMcfe) per day. Production from Gulf Coast Basin area totals approximately 37.8 MMcfe per day. The average daily production from its Oklahoma-Woodford properties totals over 25 MMcfe per day. The Company sells its oil and natural gas production under fixed or floating market contracts.

PETROQUEST ENERGY, INC. (NYSE:PQ) Recent Trading Information

PETROQUEST ENERGY, INC. (NYSE:PQ) closed its last trading session up +0.06 at 4.15 with 103,568 shares trading hands.