PetroQuest Energy (PQ) issued an operational update on the company’s operations in the Rocky Mountains area, where the company is involved in developing the Niobrara Shale.
PetroQuest Energy is involved with a Niobrara Shale well operated by SM Energy, and reported that the well a gross initial 24 hour production rate of 837 barrels of oil. The company also reported the 24 hour gross production results of three non operated wells drilled by LoneStar:
McFarland – 1,605 barrels of oil
Davis – 211 barrels of oil
Hester – 201 barrels of oil
PetroQuest Energy reported that its initial drilling program of five Niobrara wells is now complete and no further activity will be taken until the results are evaluated.