PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico. The Company is focused in the Gulf Coast Basin with onshore properties principally in southern Louisiana and offshore properties in the shallow waters of the Gulf of Mexico shelf. As of December 31, 2013, the Company has 95% drilling success rate on 918 gross wells drilled. The Company’s projects are focused on Oklahoma – Woodford, East Texas and Gulf Coast Basin. Its Oklahoma – Woodford has drilled and participated in 25 gross wells. Its East Texas properties have approximately 2,000 net acres. The Gulf Coast Basin has five gross wells with a production of 39.1 MMcfe per day.