On April 13, 2017, PetroQuest Energy, Inc., a Delaware corporation (the “Company”), was notified by the New York Stock Exchange (the “NYSE”) that the Company had regained full compliance with the NYSE’s continued listing standards. The NYSE’s decision was a result of the Company’s consistent positive performance with respect to the original business plan submission and the achievement of compliance with the NYSE’s minimum market capitalization requirement over the past two quarters.

The Company will be subject to a 12-month follow up period to ensure that it remains in compliance with the NYSE’s continued listing standards, as well as being subject to the NYSE’s normal monitoring procedures.

About PETROQUEST ENERGY, INC. (OTCMKTS:PTQEP)

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. (OTCMKTS:PTQEP) Recent Trading Information

PETROQUEST ENERGY, INC. (OTCMKTS:PTQEP) closed its last trading session 00.00 at 18.75 with 800 shares trading hands.