PetroQuest Energy, Inc. Invites You to Join Its Third Quarter Earnings Conference Call

LAFAYETTE, La., Oct. 21 /PRNewswire-FirstCall/ -- In conjunction with PetroQuest Energy's (NYSE: PQ) release of its third quarter financial results, you are invited to listen to its conference call with management that will be broadcast live over the Internet on Tuesday, November 3, 2009 at 9:30 a.m. Eastern time. The Company will release its results before the market opens on November 3.

         What:        PetroQuest Energy Third Quarter 2009 Financial Results

         When:        Tuesday, November 3, 2009, 9:30 a.m. Eastern time

         Call:        (877) 356-5643, passcode 36985273

         Internet:    Live and rebroadcast over the Internet:  log on to
                      http://www.petroquest.com

         Contact:     Matt Quantz, Manager-Corporate Communications

         Replay:      Two weeks at http://www.petroquest.com and 48 hours
                      at 800-642-1687, passcode 36985273

PetroQuest Energy, Inc. 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. PetroQuest's common stock trades on the New York Stock Exchange under the ticker PQ.

Click here for more information: http://www.petroquest.com/news.html?=BizID=1690&1=1

This news release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Among those risks, trends and uncertainties are our ability to find oil and natural gas reserves that are economically recoverable, the volatility of oil and natural gas prices and the significant price decline since June 30, 2008, the deteriorating economic conditions in the United States and globally, the decline in the values of our properties that have resulted in and may in the future result in additional ceiling test write-downs, our ability to replace reserves and sustain production, our estimate of the sufficiency of our existing capital sources, our ability to raise additional capital to fund cash requirements for future operations, the uncertainties involved in estimating quantities of proved oil and natural gas reserves, in prospect development and property acquisitions or dispositions and in projecting future rates of production or future reserves, the timing of development expenditures and drilling of wells, hurricanes and other natural disasters, and the operating hazards attendant to the oil and gas business. In particular, careful consideration should be given to cautionary statements made in the various reports PetroQuest has filed with the Securities and Exchange Commission. PetroQuest undertakes no duty to update or revise these forward-looking statements