Forecast - Production
PetroQuest Ups 1Q16 Production Guidance; 82 MMcfe/d
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PetroQuest Energy, Inc. is increasing its first quarter 2016 production guidance to approximately 81-82 MMcfe per day (73% gas, 11% oil and 16% NGLs) from its previously issued guidance of 72-76 MMcfe per day. The midpoint of the revised guidance represents an approximate 12% increase from the Company's production rate during the fourth quarter of 2015.
Charles T. Goodson, Chairman, Chief Executive Officer and President, said: "To be able to increase production guidance without an increase in capital investment underscores the quality of our producing assets. Our most recent Cotton Valley wells along with Thunder Bayou continue to outperform our expectations and were the primary drivers for our better than expected first quarter production rate. We have participated in over 600 horizontal…
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