PetroQuest drops Midcon assets in $280MM deal

摘要

PetroQuest Energy Inc. (NYSE: PQ), Lafayette, La., is stepping away from the Midcontinent for what it hopes will be greener pastures in East Texas. The company sold the majority of its interests in the Arkoma Basin's Woodford and Mississippian Lime to joint venture partner WSGP Gas Producing LLC, a subsidiary of NextEra Energy Resources LLC, for $280 million.