Petroquest Energy Inc.

Public Company, Headquarters Location
400 E Kaliste Saloom Rd., Ste. 6000, Lafayette, LA 70508-8523, United States
(337)232-7028, (337)232-0044 fax, http://www.petroquest.com

Primary SIC: Crude Petroleum And Natural Gas, Primary NAICS: Crude Petroleum and Natural Gas Extraction
Description: PetroQuest Energy Inc. is an independent oil and gas company incorporated in Delaware with operations in Oklahoma, Texas, Arkansas and the Gulf Coast Basin. Based in Lafayette, La., the company began operations in 1985 in the Gulf Coast Basin, with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf. During 2003, the company began diversifying its reserves and production into longer life and lower risk onshore properties. In 2003, the company acquired proved reserves and acreage in the Southeast Carthage Field in East Texas. In 2004, the company entered the Arkoma Basin in Oklahoma by building an acreage position, drilling wells and acquiring proved reserves. During 2005 and 2006, the company acquired additional acreage in Oklahoma and Texas, initiated an expanded drilling program in these areas, opened an exploration office in Tulsa, Okla. During 2007, the company acquired a leasehold position in Arkansas and continued to robustly drill in Oklahoma and Texas. During 2008, the company significantly increased its acreage position in Oklahoma and increased the pace of drilling operations in longer life basins in Oklahoma, Arkansas and Texas. During the five year period ended December 31, 2008, PetroQuest Energy has realized a 92 percent drilling success rate on 469 gross wells drilled. More

Mining: Independent oil and gas exploration and production company.