Midstates Petroleum is granting half of its interest and operatorship of the oil prospective Fleetwood project in south-central Louisiana to PetroQuest Energy in a $24 million JV deal. PetroQuest will pay $10 million cash plus a $14 million carry toward an exploration program consisting of two wells in 2H14 plus additional drilling in 2015.PetroQuest is gaining 11,100 net acres (30,000 gross) and a license to 200 sq mi of associated 3D seismic data acquired......
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