UNDERWRITING AGREEMENT PETROQUEST ENERGY, INC. 10,000,000 Shares of Common Stock Underwriting AgreementUnderwriting Agreement • June 26th, 2009 • Petroquest Energy Inc • Crude petroleum & natural gas • New York
PetroQuest Energy, Inc., a Delaware corporation (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule 1 hereto (the “Underwriters”), for whom you are acting as representative (the “Representative”), an aggregate of 10,000,000 shares of common stock (the “Common Stock”), par value $0.001 per share, of the Company (the “Underwritten Shares”) and, at the option of the Underwriters, up to an additional 1,500,000 shares of Common Stock of the Company (the “Option Shares”). The Underwritten Shares and the Option Shares are herein referred to as the “Shares”. The shares of Common Stock to be outstanding after giving effect to the sale of the Shares are herein referred to as the “Stock”. The Stock, including the Shares, will have attached thereto rights (the “Rights”) to purchase from the Company one one-thousandth of a share of Preferred Stock — Junior Participating Series A, par value $0.001 per share, at a price of $33.00 per one one-thousandth share, su
