Moody's withdraws PetroQuest Energy, Inc.'s ratings
Rating Action: Moody's withdraws PetroQuest Energy, Inc.' s ratings. Global Credit Research- 26 Jun 2017. New York, June 26, 2017-- Moody's Investors Service, has withdrawn all assigned ratings for PetroQuest Energy, Inc., including the Caa3 Corporate Family Rating, following the elimination of all of its rated debt.PetroQuest Energy is an independent oil and gas company. The company is engaged in the exploration, development, acquisition and operation of oil and gas properties in Texas and the Gulf Coast Basin. The company sells its oil and natural gas production under fixed or floating market contracts. As of Dec 31 2016, the company's estimated proved reserves totaled 115.48 billion cubic feet equivalent, comprised of 1.4 million barrels of oil, 26.58 billion cubic feet equivalent of natural gas liquid, and 80.52 billion cubic feet of natural gas.
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