PetroQuest Energy, Inc. is an independent oil and gas company with operations in Oklahoma, Texas, Arkansas and the Gulf Coast Basin. The Company?s drilling operations targeting the Fayetteville Shale began in September 2007. In addition, drilling activity continued in Oklahoma and Texas, during the year ended December 31, 2007, as it drilled 61 gross wells in these regions. The Company?s production, during 2007, was 31.4 billions of cubic feet equivalent (Bcfe).(Source: 10-K)
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