Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure
PetroQuest Stakes Bulk of Budget on the Woodford; Talks Other Plays
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PetroQuest Energy Inc. has reported details on its year-end 2013 results as well as outlined its 2014 capital budget, guidance and operational plans.
Production GuidanceThe Company projects its 2014 production to average between 125 and 140 MMcfe per day with approximately 70%, 13% and 17% to be derived from natural gas, oil and natural gas liquids, respectively. In addition, the Company projects its first quarter 2014 production to average between 112 and 117 MMcfe per day with approximately 73%, 14% and 13% to be derived from natural gas, oil and natural gas liquids, respectively.
Capital Expenditures GuidanceThe Company's capital budget for 2014 is expected to range between $140 million and $150 million including approximately $25 million of capitalized interest and overhead. The…
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