PetroQuest Energy announced that it is raising its Q3 production guidance to 85.5-87.5 million cubic feet equivalent of natural gas per day, as a few of its facilities are generating better than expected results. The Woodford Shale wells in Arkoma Basin at Oklahoma resulted in production rates of 4.2 million cubic feet equivalent per day, compared to the previously announced 2.6 million cubic feet equivalent per day. This news resulted in an increase in the stock price of PetroQuest.