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):
September 28, 2012
PETROQUEST ENERGY, INC.
(Exact name of registrant as specified in its charter)
| DELAWARE | 72-1440714 | |
| (State of Incorporation) | (I.R.S. Employer Identification No.) | |
| 400 E. Kaliste Saloom Rd., Suite 6000 | 70508 | |
| Lafayette, Louisiana | (Zip Code) | |
| (Address of Principal Executive Offices) | ||
Commission File Number: 001-32681
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:
| ¨ | Written communications 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 communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01. Other Events
On September 28, 2012, the lenders under the bank credit facility of PetroQuest Energy, Inc. (the “Company”) completed their semi-annual re-determination of the Company’s borrowing base under its credit facility. As a result, the Company’s $125 million borrowing base has been increased to $130 million. The aggregate commitments of the lenders is currently $100 million and can be increased to up to $300 million by either adding new lenders or increasing the commitments of existing lenders, subject to certain conditions. The next re-determination of the borrowing base is scheduled to occur before March 31, 2013.
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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 thereunto duly authorized.
| PETROQUEST ENERGY, INC. | ||||
| Date: October 2, 2012 | By: | /s/ J. Bond Clement | ||
| J. Bond Clement | ||||
| Executive Vice President, Chief Financial Officer and Treasurer | ||||
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