Stone Energy Corporation Company News
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Pompano Gas Production Ramps Up Again
Tuesday, July 26, 2016 Stone Energy ramps up production from the Pompano platform in US Gulf of Mexico following shut-in related to explosion at processing facility in Mississippi.
Technip Wins 2 Subsea Contracts in Gulf of Mexico
Tuesday, January 27, 2015 Technip wins two subsea contracts with Stone Energy Corporation for the Amethyst field in the US Gulf of Mexico.
Eco-Trade Acquires South Bakken Prospect
Friday, December 07, 2012 Eco-Trade Corp. has signed a definitive agreement to acquire the South Bakken Prospect in Montana.
Apache Strikes Oil Pay at Parmer Prospect
Thursday, August 09, 2012 Data indicates net condensate-rich gas pay in two gas sands that are full to base, as well as net oil pay in two sands that both encountered oil on water, Apache reported.
Stone Energy Acquires Anadarko's Stake in Pompano Field
Thursday, May 10, 2012 Stone Energy signs an agreement to acquire Anadarko's 25% working interest in the five block deep water Pompano field in Mississippi Canyon.
Stone Adds Member to BOD
Thursday, January 19, 2012 Stone Energy Corporation announced the addition of Phyllis M. Taylor to its Board of Directors.
BSEE Completes 1st Unannounced Oil Spill Drill
Thursday, December 22, 2011 BSEE completes it's first unannounced oil spill drill since the reorganization of the former Minerals Management Service was completed on Oct. 1.
Magnum Hunter, Stone Form Marcellus Venture in W. Va.
Monday, December 12, 2011 Magnum Hunter Resources Corporation and Stone Energy have formed a joint venture to explore the Marcellus shale in Wetzel County, West Virginia.
Drilling Ops Temporarily Suspended at Stone's La. Well
Thursday, December 08, 2011 Stone Energy announced that the partnership drilling the Lighthouse Bayou prospect in southwestern Louisiana has decided to temporarily suspend drilling operations.
Stone Welcomes New Member to BOD
Wednesday, December 07, 2011 Stone announced the addition of Robert S. Murley to its Board of Directors.
Stone to Purchase Pompano, Mica Assets
Friday, November 18, 2011 Stone announced the signing of a definitive agreement with BP for a 75% operated working interest at the Pompano field.
Stone Energy to Make Public Notes Offering
Friday, November 12, 2010 Stone Energy Corporation intends, subject to market conditions, to publicly offer $100 million aggregate principal amount of its 8.625% Senior Notes due 2017.
Stone Energy Bids High for 11 Offshore Blocks in GOM
Friday, March 19, 2010 Stone Energy announced the results of its participation in the Outer Continental Shelf Sale 213 held by the MMS in New Orleans covering available blocks in the central Gulf of Mexico.
OMNI Puts Cleaning Technology to Work on GOM Platform
Thursday, January 21, 2010 OMNI has successfully executed a cleaning operation in an active production environment with its I.M.P.A.C.T. automated cleaning unit on an offshore production platform in the Gulf of Mexico.
Stone Energy Prices Offering of $275MM of Senior Notes
Wednesday, January 13, 2010 Stone Energy has priced an offering of $275 million aggregate principal amount of Senior Notes due 2017.
Stone Energy to Offer $250MM of Senior Notes
Monday, January 11, 2010 Stone Energy intends, subject to market conditions, to publicly offer $250 million aggregate principal amount of Senior Notes due 2017.
Stone Energy Earmarks $400MM for 2010 Capex
Monday, January 11, 2010 Stone Energy announced that for 2010 the Board of Directors has authorized a capital expenditure budget of $400 million.
Stone Energy: Partners Evaluating Devt Options for Pyrenees
Monday, January 11, 2010 Stone Energy has announced operational updates for its E&P activities onshore and offshore the U.S.
OMNI Installs First I.M.P.A.C.T. Systems Offshore
Tuesday, November 17, 2009 OMNI Energy Services has successfully completed the initial offshore retrofit and installation of three of its I.M.P.A.C.T. separator cleaning tools.
Newfield Exploration Scores 2 Deepwater GOM Discoveries
Tuesday, June 02, 2009 Newfield Exploration announced two discoveries in the deepwater Gulf of Mexico at its Pyrenees and Winter prospects.
Stone Energy Unwinding 2009 Hedge Positions
Monday, March 09, 2009 Stone Energy Corporation announced that it unwound most of its 2009 crude oil and natural gas hedges. Proceeds from the terminated contracts, which had contract prices well in excess of current market levels, were approximately $113 million.
Stone Energy Boosts Year-End Natural Gas Reserves
Tuesday, February 10, 2009 Stone Energy's estimated year-end 2008 proved reserves were 519 Bcfe (billion cubic feet of natural gas equivalent), as compared with 403 Bcfe at year-end 2007.
Mexico to Seek Talks with Obama Admin on Border Oil Fields
Wednesday, January 14, 2009 Mexico expects to hold talks with the incoming Obama administration concerning the "fair" development of oil fields that sit on both sides of the maritime border.
Stone Appoints FMC's Kinnear to Board of Directors
Monday, December 22, 2008 Stone Energy Corporation announced the addition of Peter D. Kinnear to its Board of Directors. He is the President, Chief Executive Officer and Chairman of the Board of Directors of FMC Technologies.
Stone Energy Adjusts Budget, Singles Out $170MM for GOM Development
Thursday, December 18, 2008 Stone Energy has announced its 2009 capital budget of $300 million, out of which approximately $170 million is projected to be for Gulf of Mexico exploitation/development projects.
Stone Energy: Production from Lost Platforms Minimal
Friday, September 19, 2008 Stone Energy says that a flyover inspection of its facilities revealed that six structures were lost. This represents approximtely 0.5% of Stone's estimated proved reserves.
Stone Energy's Production Flowing at Minimum as Ike Heads to GOM
Wednesday, September 10, 2008 Stone Energy Corporation has provided an update on the impact of Hurricane Gustav on its operations and production, as well as its platform evacuation plans for Hurricane Ike.
Stone Starts to Restore Production, Repair Minor Damage
Friday, September 05, 2008 Flyovers of properties have begun, and based on an initial assessment, all facilities and infrastructure appear to have remained intact. The initial inspections indicate that minimal property damage occurred to some of its facilities.
Bois d'Arc, Stone Energy's Stockholders Check Yes for Merger
Wednesday, August 27, 2008 Bois d'Arc Energy and Stone Energy reported that their respective stockholders have voted to approve the previously announced merger in which Stone will acquire Bois d'Arc.
Stone Energy Ups Net Income on Oil, Gas Revenues
Wednesday, May 07, 2008 Stone Energy Corporation announced first quarter 2008 net income of $62.2 million, or $2.22 per share, on oil and gas revenue of $203.2 million.
Stone Energy to Acquire Bois d'Arc Energy
Wednesday, April 30, 2008 Stone Energy has agreed to acquire Bois d'Arc Energy in a deal valued at $1.8 billion. This transaction will result in one of the largest Gulf of Mexico-focused operating companies.
Stone Energy Apparent High Bidder On 25 GOM Blocks
Thursday, March 20, 2008 Stone Energy Corporation announced the results of its participation in the Outer Continental Shelf Sale 206 held yesterday by the Minerals Management Service ("MMS") in New Orleans covering available blocks in the central Gulf of Mexico.
Stone Approves $395 Million Capex Budget
Friday, February 15, 2008 The Stone Energy Board of Directors has authorized a capital expenditure budget of $395 million. This figure excludes acquisitions, capitalized SG&A and interest, and abandonment expenditures.
Pattarozzi Elected as Stone Chairman of Board
Friday, February 15, 2008 Mr. Pattarozzi was elected to the Stone Energy Corporation Board in February 2000 and was formerly Vice President of Shell Offshore Inc., President and CEO of Shell Deepwater Development Inc. and Shell Deepwater Production Inc.
Proved Reserves of 403 Bcfe a Drop for Stone
Friday, February 15, 2008 Stone Energy Corporation reported its estimated year-end 2007 proved reserves were 403 Bcfe (billion cubic feet of natural gas equivalent), as compared with 591 Bcfe at year-end 2006 (408 Bcfe pro forma for the sale of its Rocky Mountain properties).
Founder and Chairman of $1.2 Billion Stone Energy Dead at 82
Tuesday, January 15, 2008 "He built Stone Energy into a premier energy company, and his positive influence on the company will continue long after his death. Jimmy provided the company with great leadership, enthusiasm and business savvy during his tenure."
Stone Energy Wins 16 Blocks in Central GOM Lease Sale
Friday, October 05, 2007 Stone Energy was the high bidder on 16 offshore blocks in the Central Gulf of Mexico at the OCS sale 205, held by the MMS.
Stone Energy to Buy Back $100 Million in Shares
Tuesday, September 25, 2007 Stone Energy has authorized a share repurchase program for an aggregate amount of up to $100 million.
Stone Swings to Q2 Profit, Updates Guidance
Thursday, August 09, 2007 Stone Energy announced net income of $72.0 million on operating revenue of $200.3 million for the second quarter of 2007 compared to a net loss of $1.5 million on operating revenue of $169.2 million in the second quarter of 2006.
Newfield Completes Acquisition of Stone's Rocky Mountain Assets
Friday, June 29, 2007 Newfield Exploration has closed its previously announced acquisition of Stone Energy's Rocky Mountain assets for $577.9 million.
Matrixx to Boost Stake in South La. Prospect
Tuesday, May 22, 2007 Matrixx Resource Holdings, Inc. has agreed to acquire an additional interest in the Clovelly oil and gas prospect in Lafourche Parish, La.
Newfield to Acquire Stone's Rockies Assets
Monday, May 14, 2007 Newfield Exploration Co. has signed an agreement to acquire the Rocky Mountain assets of Stone Energy for $575 million.
Stone's Q1 Profit Down
Wednesday, May 09, 2007 Stone Energy Corp. late Tuesday announced first quarter 2007 net income of $10.5 million, or $0.38 per share, on oil and gas revenue of $173.3 million, compared to net income of $24.0 million, or $0.88 per share in the first quarter of 2006.
EPL Reports Losses for Q4, 2006
Thursday, March 01, 2007 Energy Partners, Ltd. (EPL) on Thursday reported its financial and operational reports for the fourth quarter of 2006 and the full year, including year-end 2006 proved reserves and reserve replacement.
Stone Energy Reports Loss in 2006
Tuesday, February 27, 2007 Stone Energy announced a fourth quarter and full year 2006 net loss of $298.5 million and $254.2 million, respectively.
Stone Lowers Capex Budget by $55M
Tuesday, February 13, 2007 Stone Energy Corp. on Tuesday announced its 2007 capital budget of $320 million, which excludes approximately $188 million in property acquisition expenditures and approximately $36 million in non-reimbursable hurricane related expenditures.
After Tough Year, Stone Taking Low-Risk Approach, Not Seeking Merger
Friday, December 15, 2006 Stone Energy Corp. plans to reduce its exploration exposure and focus on lower-risk exploitation projects. The company, jilted in a scuttled merger earlier this year, is not seeking a merger partner at this time, management said Wednesday.
Stone to Renew Focus on Gulf Shelf
Wednesday, December 13, 2006 Stone Energy Corporation said that its Board of Directors has approved and endorsed a strategic plan to re-focus on its Gulf of Mexico shelf exploitation properties.
Woodside Unit Makes 'Best and Final' Offer for EPL
Tuesday, November 14, 2006 ATS, a subsidiary of Woodside Petroleum Ltd., Australia's largest publicly listed oil and gas company, has announced that $23 per share is its best and final price in its all-cash tender offer for the shares of common stock of Energy Partners, Ltd.
PXP Announces Quarterly Results, Capital Budget, and Guidance
Friday, November 10, 2006 Plains Exploration & Production Company on Thursday announced financial and operating results for the third quarter, a $600 million 2007 capital budget, and operational guidance for the full-year 2007.