PetroQuest Energy Appoints Senior Vice President-Operations LAFAYETTE, La.--(BUSINESS WIRE)--Jan. 17, 2001--PetroQuest Energy, Inc. (Nasdaq:PQUE - news; TSE:PQU - news) announced today the appointment of Art M. Mixon, III as Senior Vice President-Operations. His primary responsibilities will include drilling, completion and workover activities, as well as production, reservoir and economic analysis. Mr. Mixon most recently served as Drilling and Completions Manager-Deepwater Production Business Unit for BP in Houston, Texas. He joined Amoco in 1981 and has accumulated twenty years of experience with Amoco, BP Amoco, and BP in a variety of engineering, supervisory and management positions in the United States, Trinidad and Tobago, and Venezuela. Mr. Mixon received a B.S. in Petroleum Engineering from Louisiana State University in 1980. He is a Registered Professional Engineer and a member of the Society of Petroleum Engineers and was 1999 Chairman of the Latin America Drilling Safety Initiative. PetroQuest Energy, Inc. is an independent oil and gas exploration and production company focused primarily on growing its reserves, production and shareholder value through a combination of drilling development locations and high-potential exploration prospects along the coast of and in the Gulf of Mexico. This press release includes certain statements that may be deemed to be ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future, including drilling of wells, reserve estimates, future production of oil and gas, future cash flows and other such matters are forward-looking statements. Such forward-looking statements are subject to certain risks, uncertainties and other factors, which could cause actual results to differ materially from those currently anticipated. These factors include, without limitation, uncertainties inherent in estimating proven oil and gas reserves, future rates of production and timing of development expenditures; results of exploratory and development drilling; operating hazards attendant to the oil and gas business; the successful identification, acquisition and development of properties; and changes in the price received for oil and/or gas which may effect results of operations and cash flows. Readers are cautioned that any such statements are not guarantees of future performance and the company can give no assurances that actual results or developments will not differ materially from those projected in the forward-looking statements. Contact: PetroQuest Energy, Inc., Lafayette Robert R. Brooksher, 337/232-7028