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Porter Hedges Represents PetroQuest Energy in the $193 Million Gulf of Mexico Acquisition and a $200 Million Senior Note Offering

HOUSTON, July, 3, 2013: Porter Hedges represented PetroQuest Energy, Inc. (“PetroQuest Energy”) in the acquisition of certain shallow water Gulf of Mexico assets for approximately $193 million in cash. The firm also represented PetroQuest Energy in a related private placement of $200 million aggregate principal amount of 10% Senior Notes due 2017 (the “New Notes”). The net proceeds from the offering were used to finance the Gulf of Mexico acquisition. Both transactions closed on July 3, 2013.

For additional information, please see the PetroQuest Energy press releases here and here.

The Porter Hedges team for the offering included James Cowen, Nick Nicholas, Joe Morrel, Adam Nalley, Anders Gibson, Rob Reedy, Ragna Henrichs, Geoff Schultz, Clayton Huff and Kevin Poli. The acquisition team included Bob Thomas, Mac Marshall and Vincent Schuster.

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