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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