December 22, 2014 12:13 PM ET

Oil, Gas and Consumable Fuels

Company Overview of PetroQuest Energy, L.L.C.

Company Overview

PetroQuest Energy, L.L.C. acquires and explores oil and natural gas properties in Gulf Coast basin and offshore Gulf of Mexico. The company was formerly known as PetroQuest Energy One, L.L.C. and changed its name to PetroQuest Energy, L.L.C. in December 2000. The company was incorporated in 1995 and is based in Lafayette, Louisiana. PetroQuest Energy, L.L.C. operates as a subsidiary of PetroQuest Energy Inc.

400 East Kaliste Saloom Road

Suite 6000

Lafayette, LA 70508

United States

Founded in 1995

Phone:

318-232-7028

Fax:

337-232-0044

Key Executives for PetroQuest Energy, L.L.C.

Chief Executive Officer
Age: 58
Chief Financial Officer
Age: 42
Compensation as of Fiscal Year 2014.

PetroQuest Energy, L.L.C. Key Developments

PetroQuest Energy, Inc. and PetroWuest Energy, L.L.C. Enters into the Seventh Amendment to Credit Agreement

On March 31, 2014, PetroQuest Energy Inc. and PetroQuest Energy, L.L.C. entered into the Seventh Amendment to Credit Agreement. Pursuant to the Seventh Amendment, the Lenders have agreed to modify the negative covenant contained in the Credit Agreement regarding Swap Agreements and certain other provisions related to such covenant, reaffirm the Borrowing Base at $200 million and add Bank of America, N.A. and The Bank of Nova Scotia as new Lenders under the Credit Agreement.

PetroQuest Energy Inc. and PetroQuest Energy, L.L.C. Enter into Fifth Amendment to Credit Agreement

On March 29, 2013, PetroQuest Energy Inc. and PetroQuest Energy, L.L.C. (borrower) entered into the fifth amendment to credit agreement which amends the credit agreement dated as of October 2, 2008, as amended by that certain first amendment to credit agreement dated as of March 24, 2009, that certain second amendment to credit agreement dated as of September 30, 2009, that certain third amendment to credit agreement dated as of August 5, 2010, and that certain fourth amendment to credit agreement dated as of October 3, 2011 with JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Capital One, N.A., IBERIABANK and Whitney Bank (collectively the lenders). The fifth amendment (i) increases the borrowing base, from $130 million to $150 million; and (ii) permits the Eagle Ford Sale, and provides that the Eagle Ford Sale and the Eagle Ford Assets be disregarding for purposes of determining whether an automatic reduction in the borrowing base is required pursuant to the credit agreement, subject to certain conditions, including that the Eagle Ford Sale be consummated on or prior to September 30, 2013. The aggregate commitments of the lenders are currently $100 million and can be increased to up to $300 million by either adding new lenders or increasing the commitments of the lenders, subject to certain conditions. The borrowing base is based upon the valuation as of January 1 and July 1 of each year of the reserves attributable to the company’s and its subsidiaries’ oil and gas properties and other credit factors deemed relevant by the lenders. The lenders and the borrower agreed that the increase in the borrowing base constituted the Scheduled Redetermination, of the borrowing base scheduled for on or about March 31, 2013.

Similar Private Companies By Industry

Company Name Region
Intervision Network Corp. United States
Vess Oil Corporation United States
Clipper Oil Co. United States
Rome Oil and Gas Company United States
East Texas Oilfield Supply LLC United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PetroQuest Energy, L.L.C., please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.