Baker Recieves GOM Contract From Stone Energy

Baker Energy, a unit of Michael Baker Corporation (Amex: BKR), announced today it has been awarded a two-year, multimillion dollar contract from Stone Energy Corporation for the provision of more than 50 operations and maintenance (O&M) labor personnel for Stone Energy's state and inland waters operations, offshore Louisiana in the U.S. Gulf of Mexico.

Under the terms of this contract, which took effect on Jan. 1, 2006, Baker will manage the transition of the existing workforce, enhance future recruiting activities, conduct competency-based assessments of the workforce, and provide Health, Safety, Environmental and Compliance (HSE&C) technical field support.

"This opportunity with Stone Energy represents our continued growth in providing quality O&M labor services in the Gulf of Mexico and inland waters," said Steve Roan, Baker's vice president of Lafayette Operations. "Stone Energy is a highly regarded, long-standing independent operator in this region and we look forward to helping them achieve their production goals."

Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition and subsequent exploration, development, operation and production of oil and gas properties located in the conventional shelf of the Gulf of Mexico (GOM), deep shelf of the GOM, deep water of the GOM, Rocky Mountain Basins and the Williston Basin.

Baker Energy works with oil and gas companies worldwide to provide total asset management solutions. By integrating its diverse operating and management skills, Baker has evolved into a single source supplier of competency-based personnel recruiting and training, comprehensive operations and maintenance, and supply chain management services.

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