LAFAYETTE, La., Oct. 12 /PRNewswire-FirstCall/ -- PetroQuest Energy, Inc. (NYSE: PQ) announced today that W. Todd Zehnder has been appointed to the newly created position of Chief Operating Officer. Mr. Zehnder joined the Company in December 2001 and most recently served as Executive Vice President, Chief Financial Officer & Treasurer. With the appointment of Mr. Zehnder to Chief Operating Officer, J. Bond Clement has been named Executive Vice President, Chief Financial Officer & Treasurer. Mr. Clement joined PetroQuest in October 2004 and most recently served as the Company's Senior Vice President-Chief Accounting Officer.

Art M. Mixon will serve as the Company's Executive Vice President-Operations & Production after most recently serving as Executive Vice President-Exploration & Production. Mark K. Stover, who most recently served the Company as Executive Vice President-Corporate Development has been named Executive Vice President-Exploration & Development, which includes the Corporate Development function.

Charles T. Goodson will continue to serve as the Company's Chairman of the Board, Chief Executive Officer & President. Daniel G. Fournerat will continue to serve as the Company's Executive Vice President, General Counsel, Chief Administrative Officer & Secretary.

Forward-Looking Statements

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 uncertain 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 or reductions in the borrowing base under our bank credit facility, 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.

SOURCE PetroQuest Energy, Inc.