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PetroQuest Resumes Cotton Valley Ops; IPs Woodford Wells
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PetroQuest Energy, Inc. announced results for the third quarter of 2015.
Key Points: In East Texas, the Company recently resumed its 2015 horizontal Cotton Valley drilling program and is currently drilling the vertical section of its PQ #19 horizontal Cotton Valley well (WI-75%). In Oklahoma, the Company commenced production from eight new horizontal Woodford wells in its East Hoss field related to its dry gas joint venture. The Company is currently evaluating refinancing and deleveraging options with respect to the $350 million of senior notes due 2017. Operations UpdateIn East Texas, the Company recently resumed its 2015 horizontal Cotton Valley drilling program and is currently drilling the vertical section of its PQ #19 horizontal Cotton Valley well (WI-75%). The Company…
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