PetroQuest Energy Inc. (PQ)

PetroQuest Energy, Inc. operates as an independent oil and gas company. It engages in the exploration, development, acquisition, and operation of oil and gas properties in Oklahoma, Arkansas, and Texas, as well as onshore and in the shallow waters offshore the Gulf Coast Basin. The company primarily evaluates the Woodford Shale formation on a portion of its Oklahoma acreage, as well as conducts various multi well drilling programs in Arkansas. As of December 31, 2008, it owned working interests in 16 gross producing oil wells and 893 gross producing gas wells. PetroQuest Energy was founded in 1983 and is headquartered in Lafayette, Louisiana.

For the nine months ended 30 September 2006, PetroQuest Energy, Inc.'s revenues increased 85% to $154.9M. Net income increased 81% $23.7M. Revenues reflect increased oil & gas sales due higher production volumes and increased gas gathering revenue as a result of higher gas volumes transported through the gas gathering systems. Net income was partially offset by higher depreciation, depletion and amortization charges.