8-K

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549



                                    FORM 8-K

                                 Current Report
     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

                DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
                                October 27, 2004



                             PETROQUEST ENERGY, INC.
             (Exact name of registrant as specified in its charter)


                                               
                DELAWARE                                       72-1440714
        (State of Incorporation)                  (I.R.S. Employer Identification No.)

  400 E. KALISTE SALOOM RD., SUITE 6000
          LAFAYETTE, LOUISIANA                                   70508
(Address of principal executive offices)                       (Zip code)



                        Commission File Number: 0-019020

       Registrant's telephone number, including area code: (337) 232-7028


         Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
    230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))


ITEM 7.01 REGULATION FD DISCLOSURE

              On October 26, 2004, PetroQuest Energy, Inc. (the "Company")
issued a press release announcing production for the third quarter of 2004 and
revising production guidance for the fourth quarter of 2004. This press release
is filed as Exhibit 99.1 to this Form 8-K and is incorporated herein by
reference.

              In accordance with General Instructions B.2 and B.6 of Form 8-K,
the foregoing information, including Exhibit 99.1, shall not be deemed "filed"
for the purposes of Section 18 of the Securities Exchange Act of 1934 or
otherwise subject to the liabilities of that section, nor shall such information
and Exhibit be deemed incorporated by reference in any filing under the
Securities Act of 1933 or the Exchange Act, except as shall be expressly set
forth by specific reference in such a filing.


ITEM 9.01  FINANCIAL STATEMENTS AND EXHIBITS


         (c) Exhibits:

                  99.1     Press Release dated October 26, 2004.


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                                    SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                                PETROQUEST ENERGY, INC.

Date:  October 27, 2004                         By: /s/ Daniel G. Fournerat
                                                   -----------------------------
                                                   Daniel G. Fournerat
                                                   Senior Vice President,
                                                   General Counsel and Secretary


                                       3

                               INDEX TO EXHIBITS


         EXHIBIT
         NUMBER            DESCRIPTION
         -------           -----------
           99.1     Press Release dated October 26, 2004.

EX-99.1

(PETROQUEST ENERGY, INC. LOGO)

NEWS RELEASE
FOR IMMEDIATE RELEASE

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


              PETROQUEST ENERGY ANNOUNCES THIRD QUARTER PRODUCTION
                 AND ADJUSTS FOURTH QUARTER PRODUCTION GUIDANCE

Lafayette, Louisiana - October 26, 2004 - PetroQuest Energy, Inc. (NASDAQ: PQUE)
announced today its production for the third quarter of 2004 was 41.2 Mmcfe per
day net to the Company which is within its previously issued guidance of 40-42
Mmcfe per day.

The majority of its Gulf of Mexico offshore facilities previously evacuated and
shut-in due to Hurricane Ivan have returned to full operations. None of
PetroQuest's facilities sustained significant damage, but approximately 9.5-10
Mmcfe per day of net production from the Main Pass 74 Field remains off-line due
to downstream third-party pipeline damage. The Company believes that the line
could return to full operations sometime in December, but is forecasting no
production from its Main Pass 74 Field during the fourth quarter. As such, the
Company estimates its fourth quarter 2004 net production at 33-35 Mmcfe per day,
which is revised from its pre-storm fourth quarter guidance of 42 - 44 Mmcfe per
day.

"For the year 2004, revenue, income and cash flow per the Company's mid-year
internal forecast have not been materially affected by the deferred production
due to Hurricane Ivan as compared to the Company's current internal forecast.
This is primarily because of increased commodity prices, anticipated increased
commodity prices and forecasted additional production from other fields," said
Charles T. Goodson, Chairman, Chief Executive Officer and President.

PetroQuest Energy, Inc. is an independent energy company engaged in the
exploration, development, acquisition and production of oil and natural gas
reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow waters
of 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, in prospect development and property acquisitions
and in projecting future rates of production, the timing of development
expenditures and drilling of wells, 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.