PetroQuest Energy Inc., Lafayette, La., (Nasdaq: PQUE) has closed the acquisition of gas properties in the Arkoma Basin of Oklahoma from Staab Holdings LLC, Mako Resources LLC and Golden Gas Service Co. for an adjusted purchase price of approximately $16 million. The acquisition includes approximately 6.7 billion cubic feet of proved reserves, (61% proved developed producing; 100% gas) which is expected to add approximately 2 million cubic feet of gas per day to PetroQuest's production. The purchase expands the company's existing operations in the Arkoma Basin, adding approximately 8,900 net acres, bringing its total ownership to 21,000 net acres.