PetroQuest Energy (PQ) Boosts Q1 Production Outlook
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PetroQuest Energy Increases Its First Quarter 2016 Production Guidance
March 28, 2016 6:30 AM EDTLAFAYETTE, La., March 28, 2016 /PRNewswire/ -- PetroQuest Energy, Inc. (the "Company") (NYSE: PQ) announced today that it is increasing its first quarter 2016 production guidance to approximately 81-82 MMcfe per day (73% gas, 11% oil and 16% NGLs) from its previously issued guidance of 72-76 MMcfe per day. The midpoint of the revised guidance represents an approximate 12% increase from the Company's production rate during the fourth quarter of 2015.
Management's Comment"To be able to increase production guidance without an increase in capital investment underscores the quality of our producing assets," said Charles T. Goodson,... More
