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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 R/wBsPhS5nCJ7609blplXl4HZb1DTzoNa6qRcrCy0ITHqwFUfg+tlOxKNXpvrdEg
 73ZgFEb6Apldqdzaje+cjw==

<SEC-DOCUMENT>0001209191-09-015137.txt : 20090310
<SEC-HEADER>0001209191-09-015137.hdr.sgml : 20090310
<ACCEPTANCE-DATETIME>20090310153340
ACCESSION NUMBER:		0001209191-09-015137
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090309
FILED AS OF DATE:		20090310
DATE AS OF CHANGE:		20090310

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			FINCH MICHAEL L
		CENTRAL INDEX KEY:			0000942711

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32681
		FILM NUMBER:		09669320

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		3182370410

	MAIL ADDRESS:	
		STREET 1:		400 E KALISTE SALOOM RD
		STREET 2:		STE 3000
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70508

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PETROQUEST ENERGY INC
		CENTRAL INDEX KEY:			0000872248
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				721440714
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		400 E KALISTE SALOOM RD SUITE 6000
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70508
		BUSINESS PHONE:		3372327028

	MAIL ADDRESS:	
		STREET 1:		400 E KALISTE SALOOM RD SUITE 6000
		CITY:			LAFAYETTE
		STATE:			LA
		ZIP:			70508

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OPTIMA PETROLEUM CORP
		DATE OF NAME CHANGE:	19950726
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c82354_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-03-09</periodOfReport>

    <issuer>
        <issuerCik>0000872248</issuerCik>
        <issuerName>PETROQUEST ENERGY INC</issuerName>
        <issuerTradingSymbol>PQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000942711</rptOwnerCik>
            <rptOwnerName>FINCH MICHAEL L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>201 DUCHARME LANE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LAFAYETTE</rptOwnerCity>
            <rptOwnerState>LA</rptOwnerState>
            <rptOwnerZipCode>70503</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2009-03-09</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>100000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0.8028</value>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Reflects the weighted average price of 100,000 shares of common stock of the Issuer purchased by the Reporting Person in multiple transactions on March 9, 2009 with the purchase price ranging from $0.6199 to $0.90 per share. The Reporting Person undertakes to provide upon request by the Staff of the U.S. Securities and Exchange Commission, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael L. Finch</signatureName>
        <signatureDate>2009-03-10</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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