PetroQuest Energy (PQ) has 5,000 net acres in Wyoming exposed to the Niobrara Shale and a total of thirteen drilling locations on its acreage here.
PetroQuest Energy completed the Nevis # 2 Niobrara Shale well in November 2010 and has produced 43,000 barrels of oil to date from this well. The company plans between 10 and 15 gross wells in 2011 and is actively looking to lease more acreage here.
PetroQuest Energy said that the Hester #3 well is nearing total depth and will undergo completion operations in the second quarter of 2011. This is the company’s third well in the Niobrara Shale. The Davis well was recently spud and is expected to reach total depth in early June 2011.