Latest Stone Energy Corporation Stories
LAFAYETTE, La., May 6, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the first quarter of 2013. Some of the highlights include: Two deep water drilling rig contracts were secured for the Stone operated projects in the proximity of its Pompano platform. The Diamond Ocean Victory is scheduled to drill the Amethyst exploration prospect starting in September 2013 and an ENSCO 8500 series rig is anticipated to commence...
LAFAYETTE, La., April 12, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE:SGY) today announced that David H. Welch, the Company's Chairman, President and Chief Executive Officer, will present at the IPAA Oil & Gas Investment Symposium in New York at the Sheraton Hotel at 9:10 a.m. eastern time on Tuesday, April 16, 2013. A live webcast will be available in the "Events and Presentations" section of the company's website, www.stoneenergy.com, and the replay will be...
LAFAYETTE, La., April 8, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) announced today that it has contracted an ENSCO 8500 series dynamically positioned deep water drilling rig for Stone's Cardona oil development program at Mississippi Canyon 29. Drilling on the first Cardona well is expected to commence during the second half of 2013 followed by the drilling of the Cardona South well. Stone plans to tie back both wells to the 100% owned Pompano platform with production...
LAFAYETTE, La., March 21, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced the results of its participation in the Outer Continental Shelf Lease Sale 227 held Wednesday, March 20, 2013 by the Bureau of Ocean Energy Management ("BOEM") in New Orleans covering available blocks in the Central Gulf of Mexico. Stone submitted the apparent high bid ("AHB") on 11 offshore blocks. Stone's share of the lease bonuses for the 11 AHBs totaled approximately $38.4 million....
LAFAYETTE, La., March 15, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced that David H. Welch, the Company's Chairman, President and Chief Executive Officer, will be presenting at Howard Weil's 41(st) Annual Energy Conference at the Roosevelt New Orleans at 3:45 p.m. central time on Tuesday, March 19, 2013. The presentation material will be available in the "Events and Presentations" section of the Company's website, www.StoneEnergy.com, within 24...
LAFAYETTE, La., Jan. 15, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced its estimated year-end 2012 proved reserves were 129 Mmboe (million barrel equivalents) or 773 Bcfe (billion cubic feet of natural gas equivalent), as compared with 100 Mmboe or 602 Bcfe at year-end 2011, representing a 28% increase in its estimated proved reserves. From all sources, Stone replaced approximately 288% of production in 2012. The estimated proved reserves were 35% oil,...
LAFAYETTE, La., Jan. 9, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced the promotion of several new executives and organizational changes to allow for a more asset focused organization. Richard L. Toothman is being promoted from Vice President - Appalachia to Senior Vice President - Appalachia, Paul K. Wieg to Vice President - Exploration and Business Development, Kevin G. Hurst to Vice President - GOM Shelf/Deep Gas, and Keith A. Seilhan to Vice President -...
LAFAYETTE, La., Dec. 19, 2012 /PRNewswire/ -- STONE ENERGY CORPORATION (NYSE: SGY) today announced that its Board of Directors has authorized a 2013 capital expenditure budget of $650 million, which excludes acquisitions and capitalized SG&A and interest. The budget is spread across Stone's major areas of investment with approximately 29% allocated to Deep Water, 8% allocated to Deep Gas projects, 27% allocated to the GOM conventional shelf, 33% allocated to the Marcellus shale...
LAFAYETTE, La., Nov. 27, 2012 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced that Kenneth H. Beer, Executive Vice President and Chief Financial Officer, will present at the Jefferies 2012 Global Energy Conference in Houston, Texas at 10:00 a.m. central time on Thursday, November 29, 2012. A live webcast will be available in the "Events & Presentations" section of the company's website, www.StoneEnergy.com. The presentation material will also be...
LAFAYETTE, La., Nov. 6, 2012 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the third quarter of 2012 and provided updated guidance. Some of the highlights include: Produced an average of 41.8 MBoe (251 MMcfe) per day during the third quarter of 2012, which represents an 18% increase when compared to the third quarter of 2011. The volumes were impacted by shut-ins due to Hurricane Isaac. Average production for October was...
