For better or worse, PQ is a play on NG prices. At least PQ has taken measures to survive the current historical low natural gas prices. Take a look at this 10 year price chart and you'll see that current prices are lower than any other time except a few brief months in 2012. http://www.nasdaq.com/markets/natural-gas.aspx?timeframe=10y
LAFAYETTE, La., July 13, 2015 /PRNewswire/ -- PetroQuest Energy, Inc. (NYSE: PQ) announced today that its Thunder Bayou discovery well (NRI -- 37%) in Vermilion Parish, LA is currently producing at a gross daily rate of approximately 28,000 Mcf of gas, 900 Bbls of oil and 1,200 Bbls of natural gas liquids. The 41 MMcfe/d gross production rate is above the Company's previously stated expected rate of 38 MMcfe/d. The well is currently flowing on a 22/64th inch restricted choke and has been producing at these aforementioned daily rates for approximately two weeks.