June 25, 2009 (FinancialWire) — PetroQuest Energy, Inc. (NYSE: PQ) has priced a public offering of 10 million shares of its common stock at $3.50 per share. J.P. Morgan Securities (NYSE: JPM) is acting as sole book-running manager.

The company has granted the underwriters an option exercisable for a period of 30 days to purchase up to 1.5 million additional shares of common stock to cover any over-allotments.

PetroQuest Energy plans to use the net proceeds from the offering for general corporate purposes, including to fund capital expenditures related to its exploration and development drilling program.

Lafayette, Louisiana-based PetroQuest Energy is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters of the Gulf of Mexico.

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