Drilling & Completions | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Production Rates
PetroQuest Grows Cotton Valley Drilling Locations; Ups Production 44.2% YOY
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PetroQuest reported its Q3 results where it discussed production rates and its activity in the Cotton Valley. Highlights include:
- Production in Q3 was 7.5 Bcfe, an increase of 44.2% from Q3 2016 when production was 5.2 Bcfe
During 2017, PetroQuest focused primarily on growing its position in the Cotton Valley. In 2017, it increased its acreage from 6,000 net acres to 8,200 net acres, an increase of 36.6%. As a result of adding additional acreage, the company grew its Cotton Valley drilling inventory from 601 gross locations to 838 gross locations.
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