Exploration & Production | Top Story | Quarterly / Earnings Reports
PetroQuest Ramps Up Woodford, Cotton Valley Ops; Analyzes MissLime Potential
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PetroQuest Energy, Inc. has reported results for the third quarter ended September 30, 2013, which include the effect of its acquisition of certain shallow water Gulf of Mexico assets for an adjusted purchase price of approximately $188 million on July 3, 2013.
The following bullets compare certain of the Company's third quarter 2013 results to those of the second quarter of 2013 highlighting the impact of the acquisition:
Oil production increased 90% Discretionary cash flow increased 35% Total production increased 25% Oil revenue up 97% and total oil and gas revenue up 46%Charles T. Goodson, Chairman, Chief Executive Officer and President, commented: "Our Tokay discovery builds upon our recent Gulf Coast successes and reinforces our strategic vision that successful Gulf Coast…
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