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Stone Energy Corporation Announces Sale Of Non-Core GOM Shelf Properties
Stone Energy Corporation (NYSE: SGY) today announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash and assumed future undiscounted abandonment liabilities estimated at approximately $117 million. These properties represented production volumes of approximately 57 MMcfe per day for the first quarter of 2014 (58% natural gas). The estimated proved reserves associated with these properties represented approximately 9% of Stone's year end 2013 estimated proved reserves. Stone will retain an option for a 50% working interest in the deep drilling rights on the properties.

date.png03 Jul 2014 07:43 | comments.png 0 Comments | tags.png gofm n-america stone-energy upstream usa [ More ]

Stone Energy Corporation Announces Cardona South Drilling Success
Stone Energy Corporation (NYSE: SGY) today announced success on the deep water Cardona South well at Mississippi Canyon 29. Stone operates and owns a 65% working interest in the well.

date.png29 Apr 2014 09:06 | comments.png 0 Comments | tags.png gofm n-america stone-energy upstream usa [ More ]

Stone Energy Corporation Announces Apparent High Bid on 26 Gulf of Mexico Blocks
Stone Energy Corporation (NYSE: SGY) today announced the results of its participation in the Outer Continental Shelf Sale 216/222 held Wednesday, June 20, 2012 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 26 offshore blocks. Stone's share of the lease bonuses for the 26 AHBs totaled approximately $35.8 million. The lease acquisitions are expected to add approximately 148,240 gross acres and 81,519 net acres to Stone's leasehold inventory. The AHBs are subject to a review process by the BOEM before they can be awarded.

date.png23 Jun 2012 08:07 | comments.png 0 Comments | tags.png gofm n-america stone-energy upstream usa [ More ]
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