PetroQuest Energy, Inc. operates as an independent oil and gas company. It engages in the exploration, development, acquisition, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company primarily evaluates the Woodford Shale formation on a portion of its Oklahoma acreage, as well as conducts various multi well drilling programs in Arkansas. It also owns working interests in approximately 41,000 acres in the SE Carthage field in Texas. As of December 31, 2007, the company had 2,342 thousand barrels of proved oil reserves and 142,468 million cubic feet equivalent of natural gas and NGL reserves. It also owned working interests in 12 gross producing oil wells and 675 gross producing gas wells. PetroQuest Energy was founded in 1983 and is headquartered in Lafayette, Louisiana with additional offices in Houston, Texas, and Tulsa, Oklahoma.
$1.77 (03/09/09)
