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PetroQuest Touts Latest Cotton Valley IP24s; Longer Laterals, More Proppant

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PetroQuest Touts Latest Cotton Valley IP24s; Longer Laterals, More Proppant

PetroQuest reported results from its HZ Cotton Valley drilling program in East Texas.

The company noted: "We implemented multiple operational options including longer laterals, larger proppant concentration, pad drilling and tighter perforation cluster spacing."

The Company completed a two well pad (PQ #26 & PQ #27 - average NRI: 59%) which established a cumulative maximum 24-hour gross daily rate of 17,207 Mcf of gas, 1,266 barrels of NGLs and 205 barrels of oil, for an equivalent rate of 26,033 Mcfe/d.
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