SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
October 30, 2002 (October 30, 2002)
PETROQUEST ENERGY, INC.
(Exact name of registrant as specified in its charter)
Delaware
(State of incorporation)
1-9020 98-0115468
(Commission File Number) (IRS Employer
Identification No.)
400 E. Kaliste Saloom Road, Suite 6000, Lafayette, Louisiana 70508
(Address of Registrant's principal executive offices)
Registrant's telephone number, including area code (337) 232-7028
Not Applicable
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS
OFFERING
On October 30, 2002, PetroQuest Energy, Inc. ("PetroQuest") issued a
press release announcing that it had entered into an underwriting agreement (the
"Underwriting Agreement") with Friedman, Billings, Ramsey & Co., Inc. in
connection with the offering (the "Offering") of 5,000,000 shares of
PetroQuest's common stock, par value $.001 per share (the "Common Stock"). The
Company also granted to the underwriter an option to purchase up to 750,000
shares of Common Stock to cover over-allotments.
The Offering is being made pursuant to PetroQuest's Registration
Statement on Form S-3 (File No. 333-63920) (the "Registration Statement") under
the Securities Act of 1933, as amended. The Registration Statement provides that
PetroQuest may offer from time to time debt securities, Common Stock, preferred
stock, par value $.001 per share, depositary shares and warrants with an
aggregate public offering price of up to $100,000,000.
The description of the Underwriting Agreement does not purport to be
complete and is qualified in its entirety by reference to such agreement, which
is filed as an exhibit to this Form 8-K and incorporated herein by reference.
RECENT DEVELOPMENTS
The Company's budget for direct capital expenditures in 2002 has been
revised from approximately $45-50 million to $60 million. The revisions in the
budget reflect additional drillings costs at the Berry Lake and other prospects,
and completion costs for successful wells.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
a. Financial Statement of Business Acquired
None.
b. Pro Forma Financial Information
None.
c. Exhibits
1.1 Underwriting Agreement between PetroQuest Energy, Inc. and
Friedman, Billings, Ramsey & Co., Inc. dated October 30, 2002.
99.1 Opinion of Porter & Hedges, L.L.P. with respect to the
legality of the Common Stock.
99.2 Press Release.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: October 30, 2002 PETROQUEST ENERGY, INC.
By: /s/ DANIEL G. FOURNERAT
---------------------------------
Daniel G. Fournerat
Senior Vice President, General
Counsel and Secretary
EXHIBIT INDEX
Exhibit No. Description
----------- -----------
1.1 Underwriting Agreement between PetroQuest Energy, Inc. and
Friedman, Billings, Ramsey & Co., Inc. dated October 30,
2002.
99.1 Opinion of Porter & Hedges, L.L.P. with respect to the
legality of the Common Stock.
99.2 Press Release.