Exploration & Production | Hedging | Capital Markets | Capital Expenditure
PetroQuest Debuts 2015 Capital Budget, Hedges
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PetroQuest Energy Inc. has reported its 2015 guidance and capital budget.
The Company's capital budget for 2015 is expected to range between $60 million and $70 million including approximately $21 million of capitalized interest and overhead. The mid-point of the budget is approximately 65% lower than the Company's estimated capital expenditures in 2014. The Company's capital budget is subject to revision based upon changes in market conditions.
Excluding capitalized interest and overhead, the 2015 budget is expected to be allocated as follows:
The Company projects its first quarter 2015 production (without ethane processing) to average between 113 and 117 MMcfe per day with approximately 77%, 9% and 14% to be derived from natural gas, oil and natural gas liquids, respectively. In total…
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