PetroQuest Energy, Inc. has recently commenced production from its Broussard Estates #2 well (NRI - 17%) at its La Cantera prospect. The well is currently flowing at a gross daily rate of approximately 36,500 Mcf of gas, 800 barrels of oil, and 1,700 barrels of natural gas liquids.

Including production from the initial discovery well, the La Cantera field is currently flowing at a pipeline restricted gross rate of approximately 53,000 Mcf of gas, 1,100 barrels of oil and 2,400 barrels of natural gas liquids per day.

The Company is evaluating options to expand downstream pipeline capacity, which is expected to increase production from the two wells to a combined daily gross rate of approximately 69,000 Mcf of gas, 1,500 barrels of oil, and 3,100 barrels of natural gas liquids.

Tags: PetroQuest Energy