EnerCom’s 2017 Conference Day Two Breakout Notes: PetroQuest Energy
PetroQuest Energy Breakout Notes
Charles T. Goodson, president and CEO of PetroQuest Energy, Inc., (ticker: PQ) presented today at EnerCom’s The Oil & Gas Conference® 22.
PetroQuest is active in the Cotton Valley formation in East Texas and its Gulf of Mexico assets. PetroQuest will be bringing both sets of assets to production during 2017.
PetroQuest’s production in Q2 averaged 69.5 Mmcfe per day. At the end of Q2, it began completions operations on a two well pad in its north Cotton Valley acreage. The company set its guidance to between 85 and 90 Mmcfe per day.
During the company’s breakout session, management was asked the following questions:
- Is Thunder Bayou or other gulf coast assets worth holding onto?
- Is your company properly staffed right now to transfer from two to five drilling rigs?
- When do you have to start paying the pick interest?
PetroQuest presented at EnerCom’s 2017 The Oil & Gas Conference®.
Originally published at Oil & Gas 360.