Exploration & Production | Drilling / Well Results | Top Story | Quarterly / Earnings Reports | Second Quarter (2Q) Update
PetroQuest's Cotton Valley Ops Surpass Pre-Drill Estimates
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PetroQuest Energy Inc. has updated its second quarter 2014 East Texas results.
Charles T. Goodson, Chairman, Chief Executive Officer and President, commented: "We are extremely excited about our 2014 Cotton Valley results to date, which have significantly exceeded our pre-drill expectations in terms of IP rates and estimated ultimate recoveries. As a result of this performance, we are initiating efforts to begin planning a significantly more active drilling program in 2015."
The Company recently completed its PQ #13 (NRI – 75% - 4,697 foot lateral), PQ #14 (NRI – 75% - 4,622 foot lateral) and PQ #15 (NRI – 41% - 3,107 foot lateral) horizontal Cotton Valley wells. The PQ #13 well achieved a maximum 24-hour gross rate of 8,794 Mcf of gas, 583 barrels of natural gas liquids and 32 barrels…
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