PetroQuest (NYSE: PQ) is an independent energy company focused on exploring, developing, acquiring and producing oil and natural gas reserves in Texas and Louisiana. Founded in 1985 as a Gulf Coast oil and gas company, PetroQuest grew its reserves, which were chiefly located onshore in Louisiana, over the course of about 17 years. In 2003, the company executed an asset diversification strategy to balance its Gulf Coast and Gulf of Mexico operations with onshore properties that were longer-lived and lower-risk. Utilizing cashflow generated by its Gulf Coast Basin assets, PetroQuest has expanded into the Cotton Valley trend in East Texas and currently has about 52,000 gross acres in the Carthage Field. For more information, visit the company’s website at www.petroquest.com.
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