Petroquest reports earnings gain

PetroQuest Energy Inc. in Lafayette reported second-quarter jumped to $9.6 million, or 15 cents per share, compared to $3.7 million, or 6 cents per share, for same period in 2013.

The company said its growth was driven by successful drilling programs in Oklahoma and Texas, its acquisition of certain Gulf of Mexico assets in July 2013 and stronger natural gas prices.

The company said oil production increased 99 percent; natural gas liquids production increased 32% (up 47% from first quarter 2014)

For the first six months of 2014, the company had net income of $19.6 million, or 30 cents per share, compared to $6.3 million, or 10 cents per share, a year ago.