FIELD ACTIVITIES / PetroQuest Energy, Inc. Announces CL&F #12
Begins Production
LAFAYETTE, LOUISIANA--PetroQuest Energy, Inc. (NASDAQ:PQUE; TSE:
PQU) announced that it has completed the flow line and hook up of
the CL&F #12 in the Turtle Bayou Field. The well is producing at
a rate of 3,000 MCF of gas and 30 barrels of condensate per day.
It was originally drilled to a total measured depth of 8027 feet
and encountered 40 net feet of natural gas/condensate pay over a
gross interval from 6620 feet to 7290 feet. PetroQuest Energy is
the operator of the well and owns a 40 percent working interest.
In addition, the Company expects its exploratory test at its
Snapper Prospect Offshore Texas OCS to begin drilling on or about
December 20, 1998.
PetroQuest Energy is an independent oil and gas company
headquartered in Lafayette, and is engaged in the exploration,
development, acquisition and operation of oil and gas properties
in Louisiana and the Gulf of Mexico. It is the result of the
merger of Optima Petroleum Corporation and American Explorer,
L.L.C. which was closed September 1, 1998. |
