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Article: PetroQuest Energy Updates First Quarter 2007 Production Guidance and Operating and Hedging Activities.

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PR Newswire
Article date:
April 11, 2007
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LAFAYETTE, La., April 11 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. announced today that the Company is updating its first quarter production guidance to approximately 83.5-84.5 MMcfe per day from its previously issued guidance of 79-84 MMcfe per day.

The Company is currently evaluating its previously released full year 2007 production guidance and expects to provide an update in conjunction with its first quarter earnings release.

Operations Update

Drilling continues in East Texas and in the Arkoma Basin. There are currently two rigs working full time in East Texas and the Arkoma Basin has one operated rig drilling horizontal wells in the …

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