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PetroQuest Energy Updates Second Quarter 2008 Operating Activities, Production Guidance and...

LAFAYETTE, La., July 8 LA-PetroQuest-Updates LAFAYETTE, La., July 8 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. (NYSE: PQ) announced today that it successfully completed five operated horizontal Woodford Shale wells during the second quarter of 2008. The following is a summary of the results: InitialLateral Maximum Well Number NRI Sales DateLength (ft.) Gross Rate (Mcf) PQ 15 68% 5/28/20084,432 7,011 PQ 16 68% 5/28/20084,546 6,582 PQ 17 38% 5/20/20083,318 6,200 PQ 18 58% 6/4/2008 4,081 8,058 PQ 19 74% 6/17/20082,449 5,192 The Company has reached total depth on its twentieth operated Woodford Shale well, which is located on the Eastern section of its acreage position, and plans to complete the well in approximately two weeks. The Company currently has three operated rigs drilling horizontal Woodford Shale wells. In... [read full story]                    

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