Stone Energy Bids High for 11 Offshore Blocks in GOM
Stone Energy Corporation announced the results of its participation in the Outer Continental Shelf Sale 213 held by the Minerals Management Service in New Orleans covering available blocks in the central Gulf of Mexico. Stone submitted the apparent high bid on eleven offshore blocks. Stone's share of the lease bonuses for the eleven AHBs totaled approximately $10.7 million. The lease acquisitions will add approximately 57,815 gross acres and 40,546 net acres to Stone's leasehold inventory. The AHBs are subject to a review process by the MMS before they can be awarded.