LAFAYETTE, La., July 31, 2018 -- PetroQuest Energy Inc. announced today that the Company is analyzing and evaluating various alternatives with respect to its capital structure, including the Company’s significant amount of indebtedness, liquidity and upcoming cash interest payment on its Second Lien Senior Secured Notes due 2021, which is due on August 15, 2018. To assist the Board of Directors and management team [...]
LAFAYETTE, La., May 07, 2018 -- PetroQuest Energy Inc. today announced a loss to common stockholders for the quarter ended March 31, 2018 of $2,212,000, or $0.09 per share, compared to first quarter 2017 loss to common stockholders of $4,918,000, or $0.23 per share. Discretionary cash flow for the first quarter of 2018 was $9,394,000, as compared to $9,206,000 for the comparable 2017 period. See the attached schedule for [...]
LAFAYETTE, La., May 07, 2018 -- PetroQuest Energy Inc. announced today that shares of the Company’s common stock began trading on the OTCQX market on Monday, May 7, 2018 under the symbol PQUE. On May 4, 2018, the New York Stock Exchange issued a press release announcing that the staff of NYSE Regulation had determined to suspend trading in the Company’s common stock immediately and commence proceedings to [...]
LAFAYETTE, La., May 3, 2018 /PRNewswire/ -- In conjunction with PetroQuest Energy's release of its first quarter 2018 financial results, you are invited to listen to the conference call with management that will be broadcast live over the Internet on Tuesday, May 8, 2018 at 9:30 a.m. Eastern Time. The Company will release its results after the market closes on May 7, 2018. What: PetroQuest Energy Inc. First Quarter 2018 [...]
LAFAYETTE, La., April 17, 2018 -- PetroQuest Energy Inc. announced that it received notice from NYSE Regulation that it is not in compliance with the continued listing standards set forth in Section 802.01C of the Listed Company Manual of the New York Stock Exchange, Inc. because the average closing price of the Company’s common stock was less than $1.00 over the 30 day-trading period ending on April 9, 2018. As [...]
LAFAYETTE, La., March 05, 2018 -- PetroQuest Energy Inc. announced today a net loss to common stockholders for the quarter ended December 31, 2017 of $389,000, or $0.02 per share, compared to fourth quarter 2016 net loss to common stockholders of $9,659,000, or $0.46 per share. For the year ended December 31, 2017, the Company reported a net loss to common stockholders of $11,776,000, or $0.55 per share, compared to net [...]
LAFAYETTE, La., Feb. 28, 2018 /PRNewswire/ -- In conjunction with PetroQuest Energy's release of its fourth quarter and year end 2017 financial results, you are invited to listen to the conference call with management that will be broadcast live over the Internet on Tuesday, March 6, 2018 at 9:30 a.m. Eastern Time. The Company will release its results after the market closes on March 5, 2018. What: [...]
LAFAYETTE, La., Feb. 20, 2018 -- PetroQuest Energy Inc. announced today its latest results from its horizontal Cotton Valley drilling program in East Texas. The Company recently completed two wells which established a cumulative maximum 24-hour gross daily rate of 18,385 Mcf of gas, 1,354 barrels of NGLs and 55 barrels of oil, for an equivalent rate of 26,839 Mcfe/d. The initial maximum 24-hour gross daily rates and [...]
LAFAYETTE, La., Feb. 01, 2018 -- PetroQuest Energy Inc. today announced the sale of its Gulf of Mexico properties on January 31, 2018, but effective as of December 1, 2017. As a result of the sale, the Company has eliminated an approximate $35.4 million undiscounted abandonment liability from its long-term obligations. The Company received no proceeds from the sale of these properties and is required to contribute $3.75 [...]
LAFAYETTE, La., Dec. 20, 2017 -- PetroQuest Energy Inc. announced today its entry into an oil focused play in central Louisiana targeting the Austin Chalk formation through the execution of agreements to acquire interests in approximately 24,600 gross acres. The leasehold acquisition costs were funded by $8.75 million in proceeds from the sale of certain of the Company’s water disposal assets in East Texas [...]
LAFAYETTE, La., Nov. 01, 2017 (GLOBE NEWSWIRE) -- PetroQuest Energy Inc. (the "Company") today announced a loss to common stockholders for the quarter ended September 30, 2017 of $3,085,000, or $0.15 per share, compared to third quarter 2016 loss to common stockholders of $23,306,000, or $1.31 per share. For the first nine months of 2017, the Company reported a loss to common stockholders of $11,387,000, or $0.54 per [...]
PetroQuest Energy announced today results from its horizontal Cotton Valley drilling program in East Texas. The Company completed a two well pad which established a cumulative maximum 24-hour gross daily rate of 17,207 Mcf of gas, 1,266 barrels of NGLs and 205 barrels of oil, for an equivalent rate of 26,033 Mcfe/d. PQ #26 and #27 represent the initial wells in the Company’s northern most JV acreage. In addition, the [...]
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