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SIPES Houston Presentation by Charles Goodson of PetroQuest Energy

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About PetroQuest's Thunder Bayou and La Cantera Prospects at SIPES Houston meeting in July, 2015.

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SIPES Houston Presentation by Charles Goodson of PetroQuest Energy

  1. 1. SIPES Presentation Houston, Texas July 13, 2015
  2. 2. Our Properties 2 Gulf Coast Mid-Con Woodford ShaleEast Texas Cotton Valley • ~52,000 gross acres (~28,000 net acres) • 1Q15 production: 31.4 Mmcfe/d • 2014 wells(3) avg. IP 11.9 Mmcfe/d • 2015 wells avg. IP 15.4 Mmcfe/d • ~30% liquids component enhancing returns (25% C4 / C5) • Sold majority of assets in June 2015 • $280 MM • Retained East Hoss JV – 38 well program • 1Q15 production: 35.5 Mmcfe/d • Recently commenced production from Thunder Bayou • Fleetwood JV
  3. 3. Gulf Coast – Free Cash Flow Generator 3 Houston Lafayette Areas of Interest: Onshore S. LA / Shallow Water GOM Key Operating Metrics Fleetwood Project Area (1) Cash Flow = Revenues less lease operating expenses and severance taxes from Gulf Coast/Gulf of Mexico. Please see Appendix 4 for reconciliation. (2) 2014 Capex excludes non-cash Fleetwood accruals and 2013 Capex excludes GOM acquisition. Gulf Coast Assets: Free Cash Flow Funds Growth (1)(2) La Cantera / Thunder Bayou Ten Year Drilling Success Rate: 70% PV-10 ($MM) (12/31/14): $ 209 1Q15 Production (Mmcfe/d) 35 % Gas: 67% % NGL: 8% % Oil: 25% Over $400MM of Free Cash Flow since 2007 ~$40 MM FCF 0 20 40 60 80 100 120 140 160 180 200 2007 2008 2009 2010 2011 2012 2013 2014 $MM Gulf Coast Cash Flow Gulf Coast Capex
  4. 4. High Impact Gulf Coast Projects 4
  5. 5. La Cantera/Thunder Bayou Shallow Fields 5
  6. 6. La Cantera/Thunder Bayou Deep Expressions 6
  7. 7. La Cantera/Thunder Bayou Cross Sections 7
  8. 8. La Cantera/Thunder Bayou Structures 8
  9. 9. La Cantera/Thunder Bayou Seismic Expressions 9
  10. 10. Thunder Bayou Cross Section 10
  11. 11. La Cantera/Thunder Bayou Tie Line 11

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