PetroQuest Narrows Production Guidanceadmin
PetroQuest Energy Inc. narrowed its second-quarter production guidance to the lower part of its previous range, blaming lower-than-expected Gulf Coast production.
PetroQuest Energy now expects its second-quarter production to average between 91 million and 94 million cubic feet of natural gas equivalent per day.
The company said in May that daily production would average between 91 million and 97 million cubic feet of natural gas equivalent.
Jefferies & Co. analyst Subash Chandra expects PetroQuest will revise its full-year production outlook when it releases second-quarter earnings.