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Article: PetroQuest Energy Announces Significant Discovery at Its Pelican Point Prospect.
- Article from:
- PR Newswire
- Article date:
- January 26, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LAFAYETTE, La., Jan. 26 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. announced today a significant South Louisiana discovery at its Pelican Point Prospect (Terrebonne Parish) operated by Denbury Resources, Inc. PetroQuest has a 25% working interest and 18% net revenue interest in the well and project which logged significant pay in the primary Rob L objective. Several delineation wells are expected to be drilled to fully exploit the reserve potential. The well is being completed and is expected to begin producing at an initial gross rate of approximately 10,000 to 15,000 Mcfe per day. After the completion of an anticipated upgrade to current facilities, the ...