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February 27, 2014
05:41 EDTPQPetroQuest reports Q4 EPS 4c, consensus 7c
Reports Q4 revenue $53.17M, consensus $54.74M. Sees 2014 Production volumes 125-140 MMcfe/d. Sees Q1 Production volumes 112 - 117 MMcfe/d.
News For PQ From The Last 14 Days
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January 26, 2016
16:10 EDTPQPetroQuest reports Q4 production averaged 72.5 MMcfe per day
PetroQuest Energy announced that the company's Q4 production averaged approximately 72.5 MMcfe per day, as compared to the previously announced guidance of 67-73 MMcfe per day. At December 31, the company had $148M in cash and no borrowings outstanding under its credit facility. The company is planning to provide its 2016 production and capital expenditure guidance as well as its 2015 estimated proved reserves during the third week of February. In East Texas, the company recently completed its PQ #19 horizontal Cotton Valley well, which has achieved a maximum 24-hour gross rate of 7,853 Mcf of gas, 581 barrels of natural gas liquids and 43 barrels of oil. In addition, the company completed its PQ #20 approximately one week ago and the well is in the initial stage of flowback. The company has suspended its 2016 Cotton Valley drilling program with the completion of its PQ #20 well. However, the company will continue to monitor commodity prices and will reassess its 2016 Cotton Valley drilling program during the second half of the year.

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