PetroQuest Energy Inc. (PQ) announced that it has provided 2010 production and capital expenditures guidance.
The company said it expects first-quarter 2010 net production to average about 83 million cubic feet of natural gas equivalent or mmcfe to 88 mmcfe per day.
The company predicts 2010 net production in range of 84 mmcfe to 92 mmcfe per day. The company expects 2010 capital budget of about $120 million to $140 million, up 124% from 2009.
The company ended 2009 with about 179 billion cubic feet of natural gas equivalent of proved oil and gas reserves.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.