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<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>WASHINGTON, DC 20549</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM <FONT
STYLE="white-space:nowrap">8-K</FONT></B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) of the </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of report (Date of earliest event reported): January&nbsp;31, 2019 (January 31, 2019) </B></P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>PetroQuest Energy, Inc. </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact Name of Registrant as Specified in Charter)</B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
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<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">001-32681</FONT></B></TD>
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<TD VALIGN="top" ALIGN="center"><B><FONT STYLE="white-space:nowrap">72-1440714</FONT></B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or Other Jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of Incorporation)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>400 E. Kaliste Saloom Rd., Suite 6000</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Lafayette, Louisiana</B></P></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>70508</B></TD></TR>
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<TD VALIGN="top" COLSPAN="3" ALIGN="center"><B>(Address of Principal Executive Offices)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s Telephone Number, Including Area Code: (337)
<FONT STYLE="white-space:nowrap">232-7028</FONT> </B></P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Check the appropriate box below
if the Form <FONT STYLE="white-space:nowrap">8-K</FONT> filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<I>see</I> General Instruction A.2. below): </P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </P></TD></TR></TABLE>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left">Soliciting material pursuant to Rule <FONT STYLE="white-space:nowrap">14a-12</FONT> under the Exchange Act (17
CFR <FONT STYLE="white-space:nowrap">240.14a-12)</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communication pursuant to Rule <FONT
STYLE="white-space:nowrap">14d-2(b)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.14d-2(b))</FONT> </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><FONT STYLE="white-space:nowrap">Pre-commencement</FONT> communication pursuant to Rule <FONT
STYLE="white-space:nowrap">13e-4(c)</FONT> under the Exchange Act (17 CFR <FONT STYLE="white-space:nowrap">240.13e-4(c))</FONT> </P></TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR &#167;230.405) or
Rule <FONT STYLE="white-space:nowrap">12b-2</FONT> of the Securities Exchange Act of 1934 (17 CFR <FONT STYLE="white-space:nowrap">&#167;240.12b-2).</FONT> </P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Emerging growth company&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a) of the Exchange
Act.&nbsp;&nbsp;&nbsp;&nbsp;&#9744; </P> <P STYLE="font-size:8pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P> <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
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<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;1.03</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Bankruptcy or Receivership. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">As previously reported by PetroQuest Energy, Inc. (&#147;PetroQuest,&#148; the &#147;Company,&#148; &#147;we,&#148; &#147;our,&#148; and
&#147;us&#148;) on November&nbsp;6, 2018 (the &#147;Petition Date&#148;), the Company, PetroQuest Energy, L.L.C. (&#147;PQE&#148;) and certain of our wholly-owned direct and indirect subsidiaries (collectively, the &#147;Debtors&#148;) filed
voluntary petitions seeking relief under Chapter 11 of Title 11 of the United States Code (the &#147;Bankruptcy Code&#148;) in the United States Bankruptcy Court for Southern District of Texas (the &#147;Court&#148;) to pursue a Chapter 11 plan of
reorganization under the caption In re <I>PetroQuest Energy Inc., et. al</I> (Case <FONT STYLE="white-space:nowrap">No.&nbsp;18-36322)</FONT> (the &#147;Chapter 11 Cases&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">On January&nbsp;31, 2019, the Court entered an order (the &#147;Confirmation Order&#148;) confirming the Debtors&#146; First Amended Chapter
11 Plan of Reorganization, as Immaterially Modified as of January&nbsp;28, 2019 (as amended, modified or supplemented from time to time, the &#147;Plan&#148;) under Chapter 11 of the Bankruptcy Code. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Debtors expect that the effective date of the Plan will occur as soon as all conditions precedent to the Plan have been satisfied (defined
in the Plan as the &#147;Effective Date&#148;). Although the Debtors are targeting the occurrence of the Effective Date on or before February&nbsp;8, 2019, the Debtors can make no assurances as to when, or ultimately if, the Plan will become
effective. It is also possible that technical amendments could be made to the Plan. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The following is a summary of the material terms of
the Plan. The summary highlights only certain substantive provisions of the Plan and is not intended to be a complete description of the Plan. This summary is qualified in its entirety by reference to the full text of the Plan and Confirmation
Order, which are attached hereto as Exhibits 2.1 and 99.1, respectively, and incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>The Plan of Reorganization and
Treatment of Claims and Interests </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan provides that, among other things, on the Effective Date: </P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Existing common stock and preferred stock of the Company will be extinguished, and existing equity holders will
not receive or retain any distribution, property or other value on account of or consideration in respect of their equity interests. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of claims (the &#147;First Lien Claims&#148;) arising on account of the Multidraw Term Loan Agreement,
dated as of August&nbsp;31, 2018, among the Company, PQE, TDC Energy, LLC, Wells Fargo Bank, N.A., as administrative agent, and the lenders thereto will be allowed in the aggregate amount of $50,000,000, plus any accrued and unpaid interest and
expenses. Each holder of First Lien Claims will receive cash equal to the amount of its claim from funds available pursuant to a new credit facility among the Company, PQE, the lenders party thereto and the administrative agent and collateral agent
(the &#147;Exit Facility&#148;). </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of claims (the &#147;Second Lien Notes Claims) relating to our 10% Second Lien Secured Senior Notes due
2021 (the &#147;2021 Notes&#148;) will be allowed in the aggregate amount of $9,427,000, plus any accrued and unpaid interest thereon payable through the Petition Date. Each holder of 2021 Notes will receive on account of the secured portion of such
claims (i)&nbsp;its <I>pro rata</I> share of 100% of the common stock in the reorganized company (the &#147;New Equity&#148;), subject to (x)&nbsp;dilution from the issuance of New Equity in connection with the long-term management incentive plan
for the reorganized Debtors (the &#147;Management Incentive Plan&#148;) and (y)&nbsp;the New Equity payable to the parties backstopping the Exit Facility (the &#147;Put Option Premium&#148;), and (ii)&nbsp;its <I>pro rata</I> share of
$80&nbsp;million in 10% Senior Secured PIK Notes due 2024 (the &#147;New PIK Notes&#148;); such<I> pro rata</I> share of the New Equity and the New PIK Notes calculated by including the $275,045,768 (plus any accrued and unpaid interest through the
Petition Date) of claims relating to the 2021 PIK Notes as claims that will share <I>pro rata </I>in 100% of the New Equity, subject to (x)&nbsp;dilution from the issuance of New Equity in connection with the Management Incentive Plan and
(y)&nbsp;the Put Option Premium, and $80&nbsp;million in New PIK Notes. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of claims (the &#147;Second Lien PIK Notes Claims&#148;) relating to the our 10% Second Lien Senior
Secured PIK Notes due 2021(the &#147;2021 PIK Notes&#148;) will be allowed in the aggregate amount of $275,045,768, plus any </P></TD></TR></TABLE>
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accrued and unpaid interest thereon payable through the Petition Date. Each holder of 2021 PIK Notes will receive on account of the secured portion of such claims (i)&nbsp;its <I>pro rata</I>
share of 100% of the New Equity, subject to (x)&nbsp;dilution from the issuance of New Equity in connection with the Management Incentive Plan and (y)&nbsp;the Put Option Premium, and (ii)&nbsp;its <I>pro rata</I> share of $80&nbsp;million in New
PIK Notes; such<I> pro rata</I> share of the New Equity and the New PIK Notes calculated by including the $9,427,000 (plus any accrued and unpaid interest through the Petition Date) of claims relating to the 2021 Notes as claims that will share
<I>pro rata </I>in 100% of the New Equity, subject to (x)&nbsp;dilution from the issuance of New Equity in connection with the Management Incentive Plan and (y)&nbsp;the Put Option Premium, and $80&nbsp;million in New PIK Notes.
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of allowed priority claims (other than a priority tax claim or administrative claim) will receive either:
(i)&nbsp;payment in full, in cash, equal to the full allowed amount of such claim or (ii)&nbsp;such other treatment as may otherwise be agreed to by such holder, the Debtors, and the Requisite Creditors. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of secured claims (other than a secured tax claim, First Lien Claim, or Second Lien Notes Claim) will
receive, at the Debtors&#146; election, either: (i)&nbsp;cash equal to the full allowed amount of such claim, (ii)&nbsp;reinstatement of such holder&#146;s claim, (iii)&nbsp;the return or abandonment of the collateral securing such claim to such
holder, or (iv)&nbsp;such other treatment as may otherwise be agreed to by such holder, the Debtors, and the Requisite Creditors. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of secured tax claims will receive, at the Debtor&#146;s election, either (i)&nbsp;cash equal to the full
amount of its claim, (ii)&nbsp;reinstatement of such holder&#146;s secured tax claim, (iii)&nbsp;the return or abandonment of the collateral securing such claim to such holder, or (iv)&nbsp;such other treatment as may otherwise be agreed to by such
Holder, the Debtors and the Requisite Creditors. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of general unsecured claims with a face amount equal to or less than $7,500 (the &#147;Convenience
Subclass Claims&#148;) shall be entitled to a distribution equal to 50.0% of such claim. Holders of general unsecured claims in excess of $7,500 may elect, post-Effective Date, to reduce their general unsecured claim to $7,500 and receive treatment
consistent with the Convenience Subclass Claims. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Holders of general unsecured claims with a face amount greater than $7,500 who have not elected to be treated as
Convenience Subclass Claims shall receive their <I>pro rata</I> share of $1,200,000 less (i)&nbsp;the funds distributed to holders of Convenience Subclass claims and (ii)&nbsp;the reasonable out of pocket expenses of the GUC Administrator (the
&#147;General Unsecured Claims Distribution&#148;),<I> provided</I>, <I>however</I>, that holders of claims related to the 2021 Notes and 2021 PIK Notes will not receive any distribution on account of their deficiency claims; <I>provided</I>,
<I>further</I> that, subject to the entry of an order authorizing the holders of the litigation claims arising from <I>Kevin Hoog v. PetroQuest Energy, LLC et al.</I>, Case No.
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">16-cv-00463,</FONT></FONT> pending in the United States District Court for the Eastern District of Oklahoma and <I>Philip Lee v. PetroQuest Energy, LLC et al.</I>, Case No. <FONT
STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">16-cv-00516,</FONT></FONT> pending in the United States District Court for the Eastern District of Oklahoma (the &#147;Hoog/Lee Litigation Claims&#148;) to file a class proof of claim on
account of such claims, the aggregate portion of the General Unsecured Claims Distribution distributed to the holders of the Hoog/Lee Litigation Claims shall not exceed $400,000. </P></TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Any claim against a Debtor pursuant to section 510(b) of the Bankruptcy Code (&#147;Section&nbsp;510(b)
Claim&#148;), if any, shall be discharged, canceled, released, and extinguished and shall be of no further force or effect, and holders of Section&nbsp;510(b) Claims shall not receive any distribution on account of such Section&nbsp;510(b) Claims.
</P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Intercompany claims shall be reinstated or, at the Debtors&#146; option, cancelled. No distribution shall be made
on account of any intercompany claims other than in the ordinary course of business of the Debtors, as applicable. </P></TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="4%">&nbsp;</TD>
<TD WIDTH="3%" VALIGN="top" ALIGN="left">&#149;</TD>
<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top"> <P ALIGN="left" STYLE=" margin-top:0pt ; margin-bottom:0pt; font-family:Times New Roman; font-size:10pt">Intercompany interests shall be reinstated or, at the Debtors&#146; option, cancelled. No distribution shall be
made on account of any intercompany interests. </P></TD></TR></TABLE>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Unless otherwise specified, the treatment set forth in the Plan and Confirmation Order will
be in full satisfaction of all claims against and interests in the Debtors, which will be discharged on the Effective Date. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Additional
information regarding the classification and treatment of claims and interests can be found in Article III of the Plan. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Capital Structure </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Pursuant to the Plan, the Company&#146;s common stock and preferred stock outstanding immediately before the Effective Date will be cancelled
and of no further force or effect after the Effective Date. As of January&nbsp;29, 2019, there were 25,587,441 shares of common stock outstanding and 1,495,000 shares of Series B Cumulative Convertible Perpetual Preferred Stock outstanding. Under
the Plan, the Debtors&#146; new organizational documents will become effective on the Effective Date. The Company&#146;s new organizational documents will authorize the Company to issue new equity, certain of which will be issued pursuant to the
Plan on the Effective Date. In addition, on the Effective Date, the Company will enter into a registration rights agreement with certain holders of the New Equity and the New PIK Notes. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Settlement, Releases and Exculpations </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan incorporates an integrated compromise and settlement of claims. Unless otherwise specified, the settlement, distributions, and other
benefits provided under the Plan, including the discharge, release exculpation, and injunction provisions included therein, are in full satisfaction of all claims and causes of action that could be asserted. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">The Plan provides discharge, release, exculpation, and injunction provisions for the benefit of the Debtors, certain of the Debtors&#146;
claimholders, other parties in interest and various parties related thereto, each in their capacity as such, from various claims and causes of action, as further set forth in Article VIII of the Plan. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Certain Information Regarding Assets and Liabilities of the Company </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Information regarding the assets and liabilities of the Company as of the most recent practicable date is hereby incorporated by reference to
the Company&#146;s Quarterly Report on Form <FONT STYLE="white-space:nowrap">10-Q</FONT> for the period ended September&nbsp;30, 2018, filed with the Securities and Exchange Commission on November&nbsp;13, 2018.</P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><I>Forward-Looking Statements </I></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">This Current
Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> contains &#147;forward-looking statements&#148; within the meaning Section&nbsp;27A of the Securities Act of 1933, and Section&nbsp;21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this Current Report on Form <FONT STYLE="white-space:nowrap">8-K</FONT> are forward looking statements. These forward-looking statements are subject to certain risks, trends and uncertainties
that could cause actual results to differ materially from those projected. </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">Among those risks, trends and uncertainties are: (i)&nbsp;the
Company&#146;s ability to obtain Court approval with respect to motions or other requests made to the Court in the Chapter 11 Cases, including maintaining strategic control as
<FONT STYLE="white-space:nowrap"><FONT STYLE="white-space:nowrap">debtor-in-possession;</FONT></FONT> (ii)&nbsp;the ability of the Company and its subsidiaries to consummate the plan of reorganization; (iii)&nbsp;the effects of the Company&#146;s
bankruptcy filing on the Company and on the interests of various constituents; (iv)&nbsp;Court rulings in the Chapter 11 Cases in general; (v)&nbsp;the length of time that the Company will operate under Chapter 11 protection and the continued
availability of operating capital during the pendency of the proceedings; (vi)&nbsp;risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Company&#146;s ability to consummate a plan of reorganization;
(vii)&nbsp;the potential adverse effects of the Chapter 11 proceedings on the Company&#146;s liquidity or results of operations; (viii)&nbsp;increased advisory costs to execute the Company&#146;s reorganization; (ix)&nbsp;the impact on the
Company&#146;s ability to access the public capital markets; and (x)&nbsp;other factors disclosed by the Company from time to time in its filings with the Securities and Exchange Commission, including those described under the caption &#147;Risk
Factors&#148; in our Annual Report on Form <FONT STYLE="white-space:nowrap">10-K</FONT> and Quarterly Reports on Form <FONT STYLE="white-space:nowrap">10-Q.</FONT> We do not intend to publicly update or revise any forward-looking statements as a
result of new information, future events or otherwise, except as required by law. </P>
</DIV></Center>


<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">


<Center><DIV STYLE="width:8.5in" align="left">

<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR style = "page-break-inside:avoid">
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>Item&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"> <P STYLE=" margin-top:0pt ; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman; " ALIGN="left"><B>Financial Statements and Exhibits. </B></P></TD></TR></TABLE>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><I>(d) Exhibits </I></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="6%"></TD>
<TD WIDTH="91%"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" NOWRAP ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"><B>Exhibit<BR>Number</B></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center" STYLE="border-bottom:1.00pt solid #000000"> <P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Description</B></P></TD></TR>


<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>2.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d682539dex21.htm">Debtors&#146; First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January&nbsp;28, 2019 </A></TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>99.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top"><A HREF="d682539dex991.htm">Order Confirming First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January&nbsp;28, 2019, for PetroQuest Energy, Inc. and Its Debtor Affiliates </A></TD></TR>
</TABLE>
</DIV></Center>


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<Center><DIV STYLE="width:8.5in" align="left">
 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURE </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: January&nbsp;31, 2019 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="100%"></TD></TR>


<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">PETROQUEST ENERGY, INC.</TD></TR>
<TR STYLE="font-size:1pt">
<TD HEIGHT="16"></TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" STYLE="BORDER-BOTTOM:1px solid #000000">/s/ J. Bond Clement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">J. Bond Clement</TD></TR>
<TR STYLE="page-break-inside:avoid ; font-family:Times New Roman; font-size:10pt">
<TD VALIGN="bottom">Executive Vice President, Chief Financial Officer and Treasurer</TD></TR>
</TABLE></DIV>
</DIV></Center>

</BODY></HTML>
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{"company-data": {"conformed-name": "PETROQUEST ENERGY INC", "cik": "0000872248", "assigned-sic": "1311", "irs-number": "721440714", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32681", "film-number": "19556289"}, "business-address": {"street1": "400 E KALISTE SALOOM RD SUITE 6000", "city": "LAFAYETTE", "state": "LA", "zip": "70508", "phone": "3372327028"}, "mail-address": {"street1": "400 E KALISTE SALOOM RD SUITE 6000", "city": "LAFAYETTE", "state": "LA", "zip": "70508"}, "former-company": {"former-conformed-name": "OPTIMA PETROLEUM CORP", "date-changed": "19950726"}}
Form 8-K
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): January 31, 2019 (January 31, 2019)
PetroQuest Energy, Inc.
(Exact Name of Registrant as Specified in Charter)
Delaware
001-32681
72-1440714
(State or Other Jurisdiction
of Incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
400 E. Kaliste Saloom Rd., Suite 6000
Lafayette, Louisiana
70508
(Address of Principal Executive Offices)
(Zip Code)
Registrant's Telephone Number, Including Area Code: (337)
232-7028
Check the appropriate box below
if the Form
8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (
see
General Instruction A.2. below):
☐
Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting material pursuant to Rule
14a-12
under the Exchange Act (17
CFR
240.14a-12)
☐
Pre-commencement
communication pursuant to Rule
14d-2(b)
under the Exchange Act (17 CFR
240.14d-2(b))
☐
Pre-commencement
communication pursuant to Rule
13e-4(c)
under the Exchange Act (17 CFR
240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or
Rule
12b-2
of the Securities Exchange Act of 1934 (17 CFR
§240.12b-2).
Emerging growth company    ☐
If an
emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange
Act.    ☐
Item 1.03
Bankruptcy or Receivership.
As previously reported by PetroQuest Energy, Inc. ("PetroQuest," the "Company," "we," "our," and
"us") on November 6, 2018 (the "Petition Date"), the Company, PetroQuest Energy, L.L.C. ("PQE") and certain of our wholly-owned direct and indirect subsidiaries (collectively, the "Debtors") filed
voluntary petitions seeking relief under Chapter 11 of Title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for Southern District of Texas (the "Court") to pursue a Chapter 11 plan of
reorganization under the caption In re
PetroQuest Energy Inc., et. al
(Case
No. 18-36322)
(the "Chapter 11 Cases").
On January 31, 2019, the Court entered an order (the "Confirmation Order") confirming the Debtors' First Amended Chapter
11 Plan of Reorganization, as Immaterially Modified as of January 28, 2019 (as amended, modified or supplemented from time to time, the "Plan") under Chapter 11 of the Bankruptcy Code.
The Debtors expect that the effective date of the Plan will occur as soon as all conditions precedent to the Plan have been satisfied (defined
in the Plan as the "Effective Date"). Although the Debtors are targeting the occurrence of the Effective Date on or before February 8, 2019, the Debtors can make no assurances as to when, or ultimately if, the Plan will become
effective. It is also possible that technical amendments could be made to the Plan.
The following is a summary of the material terms of
the Plan. The summary highlights only certain substantive provisions of the Plan and is not intended to be a complete description of the Plan. This summary is qualified in its entirety by reference to the full text of the Plan and Confirmation
Order, which are attached hereto as Exhibits 2.1 and 99.1, respectively, and incorporated herein by reference.
The Plan of Reorganization and
Treatment of Claims and Interests
The Plan provides that, among other things, on the Effective Date:
•
Existing common stock and preferred stock of the Company will be extinguished, and existing equity holders will
not receive or retain any distribution, property or other value on account of or consideration in respect of their equity interests.
•
Holders of claims (the "First Lien Claims") arising on account of the Multidraw Term Loan Agreement,
dated as of August 31, 2018, among the Company, PQE, TDC Energy, LLC, Wells Fargo Bank, N.A., as administrative agent, and the lenders thereto will be allowed in the aggregate amount of $50,000,000, plus any accrued and unpaid interest and
expenses. Each holder of First Lien Claims will receive cash equal to the amount of its claim from funds available pursuant to a new credit facility among the Company, PQE, the lenders party thereto and the administrative agent and collateral agent
(the "Exit Facility").
•
Holders of claims (the "Second Lien Notes Claims) relating to our 10% Second Lien Secured Senior Notes due
2021 (the "2021 Notes") will be allowed in the aggregate amount of $9,427,000, plus any accrued and unpaid interest thereon payable through the Petition Date. Each holder of 2021 Notes will receive on account of the secured portion of such
claims (i) its
pro rata
share of 100% of the common stock in the reorganized company (the "New Equity"), subject to (x) dilution from the issuance of New Equity in connection with the long-term management incentive plan
for the reorganized Debtors (the "Management Incentive Plan") and (y) the New Equity payable to the parties backstopping the Exit Facility (the "Put Option Premium"), and (ii) its
pro rata
share of
$80 million in 10% Senior Secured PIK Notes due 2024 (the "New PIK Notes"); such
pro rata
share of the New Equity and the New PIK Notes calculated by including the $275,045,768 (plus any accrued and unpaid interest through the
Petition Date) of claims relating to the 2021 PIK Notes as claims that will share
pro rata
in 100% of the New Equity, subject to (x) dilution from the issuance of New Equity in connection with the Management Incentive Plan and
(y) the Put Option Premium, and $80 million in New PIK Notes.
•
Holders of claims (the "Second Lien PIK Notes Claims") relating to the our 10% Second Lien Senior
Secured PIK Notes due 2021(the "2021 PIK Notes") will be allowed in the aggregate amount of $275,045,768, plus any
accrued and unpaid interest thereon payable through the Petition Date. Each holder of 2021 PIK Notes will receive on account of the secured portion of such claims (i) its
pro rata
share of 100% of the New Equity, subject to (x) dilution from the issuance of New Equity in connection with the Management Incentive Plan and (y) the Put Option Premium, and (ii) its
pro rata
share of $80 million in New
PIK Notes; such
pro rata
share of the New Equity and the New PIK Notes calculated by including the $9,427,000 (plus any accrued and unpaid interest through the Petition Date) of claims relating to the 2021 Notes as claims that will share
pro rata
in 100% of the New Equity, subject to (x) dilution from the issuance of New Equity in connection with the Management Incentive Plan and (y) the Put Option Premium, and $80 million in New PIK Notes.
•
Holders of allowed priority claims (other than a priority tax claim or administrative claim) will receive either:
(i) payment in full, in cash, equal to the full allowed amount of such claim or (ii) such other treatment as may otherwise be agreed to by such holder, the Debtors, and the Requisite Creditors.
•
Holders of secured claims (other than a secured tax claim, First Lien Claim, or Second Lien Notes Claim) will
receive, at the Debtors' election, either: (i) cash equal to the full allowed amount of such claim, (ii) reinstatement of such holder's claim, (iii) the return or abandonment of the collateral securing such claim to such
holder, or (iv) such other treatment as may otherwise be agreed to by such holder, the Debtors, and the Requisite Creditors.
•
Holders of secured tax claims will receive, at the Debtor's election, either (i) cash equal to the full
amount of its claim, (ii) reinstatement of such holder's secured tax claim, (iii) the return or abandonment of the collateral securing such claim to such holder, or (iv) such other treatment as may otherwise be agreed to by such
Holder, the Debtors and the Requisite Creditors.
•
Holders of general unsecured claims with a face amount equal to or less than $7,500 (the "Convenience
Subclass Claims") shall be entitled to a distribution equal to 50.0% of such claim. Holders of general unsecured claims in excess of $7,500 may elect, post-Effective Date, to reduce their general unsecured claim to $7,500 and receive treatment
consistent with the Convenience Subclass Claims.
•
Holders of general unsecured claims with a face amount greater than $7,500 who have not elected to be treated as
Convenience Subclass Claims shall receive their
pro rata
share of $1,200,000 less (i) the funds distributed to holders of Convenience Subclass claims and (ii) the reasonable out of pocket expenses of the GUC Administrator (the
"General Unsecured Claims Distribution"),
provided
,
however
, that holders of claims related to the 2021 Notes and 2021 PIK Notes will not receive any distribution on account of their deficiency claims;
provided
,
further
that, subject to the entry of an order authorizing the holders of the litigation claims arising from
Kevin Hoog v. PetroQuest Energy, LLC et al.
, Case No.
16-cv-00463,
pending in the United States District Court for the Eastern District of Oklahoma and
Philip Lee v. PetroQuest Energy, LLC et al.
, Case No.
16-cv-00516,
pending in the United States District Court for the Eastern District of Oklahoma (the "Hoog/Lee Litigation Claims") to file a class proof of claim on
account of such claims, the aggregate portion of the General Unsecured Claims Distribution distributed to the holders of the Hoog/Lee Litigation Claims shall not exceed $400,000.
•
Any claim against a Debtor pursuant to section 510(b) of the Bankruptcy Code ("Section 510(b)
Claim"), if any, shall be discharged, canceled, released, and extinguished and shall be of no further force or effect, and holders of Section 510(b) Claims shall not receive any distribution on account of such Section 510(b) Claims.
•
Intercompany claims shall be reinstated or, at the Debtors' option, cancelled. No distribution shall be made
on account of any intercompany claims other than in the ordinary course of business of the Debtors, as applicable.
•
Intercompany interests shall be reinstated or, at the Debtors' option, cancelled. No distribution shall be
made on account of any intercompany interests.
Unless otherwise specified, the treatment set forth in the Plan and Confirmation Order will
be in full satisfaction of all claims against and interests in the Debtors, which will be discharged on the Effective Date.
Additional
information regarding the classification and treatment of claims and interests can be found in Article III of the Plan.
Capital Structure
Pursuant to the Plan, the Company's common stock and preferred stock outstanding immediately before the Effective Date will be cancelled
and of no further force or effect after the Effective Date. As of January 29, 2019, there were 25,587,441 shares of common stock outstanding and 1,495,000 shares of Series B Cumulative Convertible Perpetual Preferred Stock outstanding. Under
the Plan, the Debtors' new organizational documents will become effective on the Effective Date. The Company's new organizational documents will authorize the Company to issue new equity, certain of which will be issued pursuant to the
Plan on the Effective Date. In addition, on the Effective Date, the Company will enter into a registration rights agreement with certain holders of the New Equity and the New PIK Notes.
Settlement, Releases and Exculpations
The Plan incorporates an integrated compromise and settlement of claims. Unless otherwise specified, the settlement, distributions, and other
benefits provided under the Plan, including the discharge, release exculpation, and injunction provisions included therein, are in full satisfaction of all claims and causes of action that could be asserted.
The Plan provides discharge, release, exculpation, and injunction provisions for the benefit of the Debtors, certain of the Debtors'
claimholders, other parties in interest and various parties related thereto, each in their capacity as such, from various claims and causes of action, as further set forth in Article VIII of the Plan.
Certain Information Regarding Assets and Liabilities of the Company
Information regarding the assets and liabilities of the Company as of the most recent practicable date is hereby incorporated by reference to
the Company's Quarterly Report on Form
10-Q
for the period ended September 30, 2018, filed with the Securities and Exchange Commission on November 13, 2018.
Forward-Looking Statements
This Current
Report on Form
8-K
contains "forward-looking statements" within the meaning Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934. All statements
other than statements of historical facts included in this Current Report on Form
8-K
are forward looking statements. 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: (i) the
Company's ability to obtain Court approval with respect to motions or other requests made to the Court in the Chapter 11 Cases, including maintaining strategic control as
debtor-in-possession;
(ii) the ability of the Company and its subsidiaries to consummate the plan of reorganization; (iii) the effects of the Company's
bankruptcy filing on the Company and on the interests of various constituents; (iv) Court rulings in the Chapter 11 Cases in general; (v) the length of time that the Company will operate under Chapter 11 protection and the continued
availability of operating capital during the pendency of the proceedings; (vi) risks associated with third party motions in the Chapter 11 Cases, which may interfere with the Company's ability to consummate a plan of reorganization;
(vii) the potential adverse effects of the Chapter 11 proceedings on the Company's liquidity or results of operations; (viii) increased advisory costs to execute the Company's reorganization; (ix) the impact on the
Company's ability to access the public capital markets; and (x) other factors disclosed by the Company from time to time in its filings with the Securities and Exchange Commission, including those described under the caption "Risk
Factors" in our Annual Report on Form
10-K
and Quarterly Reports on Form
10-Q.
We do not intend to publicly update or revise any forward-looking statements as a
result of new information, future events or otherwise, except as required by law.
Item 9.01
Financial Statements and Exhibits.
(d) Exhibits
Exhibit
Number
Description
2.1
Debtors' First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January 28, 2019
99.1
Order Confirming First Amended Chapter 11 Plan of Reorganization, as Immaterially Modified as of January 28, 2019, for PetroQuest Energy, Inc. and Its Debtor Affiliates
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: January 31, 2019
PETROQUEST ENERGY, INC.
/s/ J. Bond Clement
J. Bond Clement
Executive Vice President, Chief Financial Officer and Treasurer