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PetroQuest's Cotton Valley IPs Jump; Woodford, Gulf Coast Update
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PetroQuest Energy Inc. reported its operational and financial results for the first quarter of 2015.
Charles T. Goodson, Chairman, Chief Executive Officer and President, commented: "Our second quarter daily production guidance represents the highest production run rate in the Company's history. This record production profile coupled with a minimal capex program in the back half of 2015 should provide free cash flow generation later this year and allow us to achieve our 2015 goals of growing production while maintaining our liquidity position."
Operations Update Cotton ValleyIn East Texas, the Company recently completed its PQ #18 horizontal Cotton Valley well (NRI - 38%) and will begin flowback this week. The Company's previously reported PQ #16 (NRI - 77%) and #17 wells (NRI - 77%)…
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