Operational Updates
PetroQuest Energy Provides Update On Mississippi Lime Project
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In northern Oklahoma, the Company continues to acquire Mississippian Lime acreage through leasing efforts and currently has approximately 33,800 net acres in the trend. The Company has completed drilling its first well that was designed to deliver core and log data through the objective Mississippian Lime interval and was then deepened to serve as a water injection well. Drilling is in progress on the Company's initial horizontal well in Pawnee County (WI - 48%). The well is expected to reach total depth in approximately two weeks with completion operations scheduled for mid-April. Multiple drilling locations are currently being prepared as the Company expects to bring a second rig into the trend in approximately two weeks with plans to drill approximately 12-15 Mississippian Lime wells…
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