PetroQuest Energy, Inc. announced today that the Company is analyzing and evaluating various alternatives with respect to its capital structure, including the Company’s significant amount of indebtedness, liquidity and upcoming cash interest payment on its Second Lien Senior Secured Notes due 2021, which is due on August 15, 2018. To assist the Board of Directors and management team in analyzing and evaluating these alternatives, the Company has retained Seaport Global Securities as its financial advisor and Porter Hedges LLP as its legal advisor. The Company does not intend to disclose or comment on developments related to its review unless and until the Board has approved a specific alternative or transaction or otherwise determined that further disclosure is appropriate. There can be no assurance that the review will result in any alternative or transaction, or any assurance as to its outcome or timing.

In addition, the Company plans to release second quarter 2018 financial results after the market closes on August 6, 2018. The Company will not host a conference call associated with the earnings release and intends to suspend future quarterly earnings conference calls due to the ongoing review described above.