EXHIBIT 99.1

[PETROQUEST ENERGY, INC. LETTERHEAD]



NEWS RELEASE
FOR IMMEDIATE RELEASE

For further information, contact:  Robert R. Brooksher, Vice President -
                                   Corporate Communications (337) 232-7028

                     PETROQUEST ENERGY ANNOUNCES ADOPTION OF
                             SHAREHOLDER RIGHTS PLAN

Lafayette, Louisiana - November 9, 2001 - PetroQuest Energy, Inc. (NASDAQ: PQUE)
today announced that its Board of Directors has adopted a Shareholder Rights
Plan (the "Plan").

"The Plan, which is similar to those adopted by many other companies, is not
being adopted in response to any specific effort to acquire control of the
Company, and it is not intended to restrict the Company's ability to enter into
future acquisition transactions," said Charles T. Goodson, Chairman of the Board
and Chief Executive Officer. "The intention of the Plan is to enable
shareholders to realize the long-term value of their investment in the Company
by protecting them from unfair or coercive takeover attempts. As is typical with
these types of plans, the Plan will not prevent a takeover, but should encourage
anyone seeking to acquire the Company to negotiate with the Board prior to
attempting the takeover," he added.

Details of the Plan are contained in a report on Form 8-K that the Company will
file with the Securities and Exchange Commission, and are outlined in a letter
that is being mailed to all shareholders.

PetroQuest Energy, Inc. is an independent oil and gas exploration and production
company primarily focused on growing its reserves 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 contains "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. 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 our estimate of the sufficiency of our existing capital
sources, our ability to raise additional capital to fund cash requirements for
future operations, the uncertainties involved in estimating quantities of proved
oil and natural gas reserves and in projecting future rates of production, the
timing of development expenditures and the operating hazards attendant to the
oil and gas business. In particular, careful consideration should be given to
cautionary statements made in the various reports PetroQuest has filed with the
Securities and Exchange Commission. PetroQuest undertakes no duty to update or
revise these forward-looking statements.