One-Page Deal Sheet
Petroquest Updates Proven Reserves
Petroquest Energy Inc. Not Disclosed
Announced Date
January 31,2008
Close Date
January 31,2008
Transaction Type
Property
Location
Country
United States
State
Texas
Transaction Details: Subscribe to see
PetroQuest Energy, Inc. announced today that the Company is updating its fourth quarter 2007 production guidance to approximately 85.3 MMcfe per day from its previously issued guidance of 83-89 MMcfe per day.
The Company ended 2007 with approximately 157 Bcfe of proved oil and gas reserves, a new Company record. Approximately 91% of the proved reserves were natural gas, and approximately 61% were located in long-lived basins. Additionally, approximately 69% of the proved reserves were proved developed.
Based primarily on the Company's anticipated record 2007 production rate, PetroQuest…
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