PETROQUEST ENERGY, INC. (OTCMKTS:PTQEP) Files An 8-K Regulation FD DisclosureItem 7.01 Regulation FD Disclosure
On July 12, 2017, PetroQuest Energy, Inc. (the “Company”) issued a press release announcing the initial rate from its first Cotton Valley pad and increased its second and third quarter 2017 production guidance. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated by reference in this current report.
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 NumberDescription of Exhibit
99.1 Press Release dated July 12, 2017
PETROQUEST ENERGY INC ExhibitEX-99.1 2 a2q17opspressrelease.htm EXHIBIT 99.1 Exhibit NEWS RELEASEFor further information,…To view the full exhibit click here
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.