Stone Energy Corporation Company News

Recent Articles

Results 50 articles shown

Offshore US Oil Firms Talos, Stone Energy Plan $2.5B Merger
Talos Energy and Stone Energy announced plans to merge and create a new company.
7:00 PM EST | November 20, 2017
Pompano Gas Production Ramps Up Again
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.
8:00 PM EST | July 25, 2016
Technip Wins 2 Subsea Contracts in Gulf of Mexico
Technip wins two subsea contracts with Stone Energy Corporation for the Amethyst field in the US Gulf of Mexico.
7:00 PM EST | January 26, 2015
Eco-Trade Acquires South Bakken Prospect
Eco-Trade Corp. has signed a definitive agreement to acquire the South Bakken Prospect in Montana.
7:00 PM EST | December 06, 2012
Apache Strikes Oil Pay at Parmer Prospect
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.
8:00 PM EST | August 08, 2012
Stone Energy Acquires Anadarko's Stake in Pompano Field
Stone Energy signs an agreement to acquire Anadarko's 25% working interest in the five block deep water Pompano field in Mississippi Canyon.
8:00 PM EST | May 09, 2012
Stone Adds Member to BOD
Stone Energy Corporation announced the addition of Phyllis M. Taylor to its Board of Directors.
7:00 PM EST | January 18, 2012
BSEE Completes 1st Unannounced Oil Spill Drill
BSEE completes it's first unannounced oil spill drill since the reorganization of the former Minerals Management Service was completed on Oct. 1.
7:00 PM EST | December 21, 2011
Magnum Hunter, Stone Form Marcellus Venture in W. Va.
Magnum Hunter Resources Corporation and Stone Energy have formed a joint venture to explore the Marcellus shale in Wetzel County, West Virginia.
7:00 PM EST | December 11, 2011
Drilling Ops Temporarily Suspended at Stone's La. Well
Stone Energy announced that the partnership drilling the Lighthouse Bayou prospect in southwestern Louisiana has decided to temporarily suspend drilling operations.
7:00 PM EST | December 07, 2011
Stone Welcomes New Member to BOD
Stone announced the addition of Robert S. Murley to its Board of Directors.
7:00 PM EST | December 06, 2011
Stone to Purchase Pompano, Mica Assets
Stone announced the signing of a definitive agreement with BP for a 75% operated working interest at the Pompano field.
7:00 PM EST | November 17, 2011
Stone Energy to Make Public Notes Offering
Stone Energy Corporation intends, subject to market conditions, to publicly offer $100 million aggregate principal amount of its 8.625% Senior Notes due 2017.
7:00 PM EST | November 11, 2010
Stone Energy Bids High for 11 Offshore Blocks in GOM
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.
8:00 PM EST | March 18, 2010
OMNI Puts Cleaning Technology to Work on GOM Platform
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.
7:00 PM EST | January 20, 2010
Stone Energy Prices Offering of $275MM of Senior Notes
Stone Energy has priced an offering of $275 million aggregate principal amount of Senior Notes due 2017.
7:00 PM EST | January 12, 2010
Stone Energy to Offer $250MM of Senior Notes
Stone Energy intends, subject to market conditions, to publicly offer $250 million aggregate principal amount of Senior Notes due 2017.
7:00 PM EST | January 10, 2010
Stone Energy Earmarks $400MM for 2010 Capex
Stone Energy announced that for 2010 the Board of Directors has authorized a capital expenditure budget of $400 million.
7:00 PM EST | January 10, 2010
Stone Energy: Partners Evaluating Devt Options for Pyrenees
Stone Energy has announced operational updates for its E&P activities onshore and offshore the U.S.
7:00 PM EST | January 10, 2010
OMNI Installs First I.M.P.A.C.T. Systems Offshore
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.
7:00 PM EST | November 16, 2009
Newfield Exploration Scores 2 Deepwater GOM Discoveries
Newfield Exploration announced two discoveries in the deepwater Gulf of Mexico at its Pyrenees and Winter prospects.
8:00 PM EST | June 01, 2009
Stone Energy Unwinding 2009 Hedge Positions
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.
8:00 PM EST | March 08, 2009
Stone Energy Boosts Year-End Natural Gas Reserves
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.
7:00 PM EST | February 09, 2009
Mexico to Seek Talks with Obama Admin on Border Oil Fields
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.
7:00 PM EST | January 13, 2009
Stone Appoints FMC's Kinnear to Board of Directors
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.
7:00 PM EST | December 21, 2008
Stone Energy Adjusts Budget, Singles Out $170MM for GOM Development
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.
7:00 PM EST | December 17, 2008
Stone Energy: Production from Lost Platforms Minimal
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.
8:00 PM EST | September 18, 2008
Stone Energy's Production Flowing at Minimum as Ike Heads to GOM
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.
8:00 PM EST | September 09, 2008
Stone Starts to Restore Production, Repair Minor Damage
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.
8:00 PM EST | September 04, 2008
Bois d'Arc, Stone Energy's Stockholders Check Yes for Merger
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.
8:00 PM EST | August 26, 2008
Stone Energy Ups Net Income on Oil, Gas Revenues
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.
8:00 PM EST | May 06, 2008
Stone Energy to Acquire Bois d'Arc Energy
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.
8:00 PM EST | April 29, 2008
Stone Energy Apparent High Bidder On 25 GOM Blocks
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.
8:00 PM EST | March 19, 2008
Stone Approves $395 Million Capex Budget
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.
7:00 PM EST | February 14, 2008
Pattarozzi Elected as Stone Chairman of Board
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.
7:00 PM EST | February 14, 2008
Proved Reserves of 403 Bcfe a Drop for Stone
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).
7:00 PM EST | February 14, 2008
Founder and Chairman of $1.2 Billion Stone Energy Dead at 82
"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."
7:00 PM EST | January 14, 2008
Stone Energy Wins 16 Blocks in Central GOM Lease Sale
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.
8:00 PM EST | October 04, 2007
Stone Energy to Buy Back $100 Million in Shares
Stone Energy has authorized a share repurchase program for an aggregate amount of up to $100 million.
8:00 PM EST | September 24, 2007
Stone Swings to Q2 Profit, Updates Guidance
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.
8:00 PM EST | August 08, 2007
Newfield Completes Acquisition of Stone's Rocky Mountain Assets
Newfield Exploration has closed its previously announced acquisition of Stone Energy's Rocky Mountain assets for $577.9 million.
8:00 PM EST | June 28, 2007
Matrixx to Boost Stake in South La. Prospect
Matrixx Resource Holdings, Inc. has agreed to acquire an additional interest in the Clovelly oil and gas prospect in Lafourche Parish, La.
8:00 PM EST | May 21, 2007
Newfield to Acquire Stone's Rockies Assets
Newfield Exploration Co. has signed an agreement to acquire the Rocky Mountain assets of Stone Energy for $575 million.
8:00 PM EST | May 13, 2007
Stone's Q1 Profit Down
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.
8:00 PM EST | May 08, 2007
EPL Reports Losses for Q4, 2006
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.
7:00 PM EST | February 28, 2007
Stone Energy Reports Loss in 2006
Stone Energy announced a fourth quarter and full year 2006 net loss of $298.5 million and $254.2 million, respectively.
7:00 PM EST | February 26, 2007
Stone Lowers Capex Budget by $55M
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.
7:00 PM EST | February 12, 2007
After Tough Year, Stone Taking Low-Risk Approach, Not Seeking Merger
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.
7:00 PM EST | December 14, 2006
Stone to Renew Focus on Gulf Shelf
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.
7:00 PM EST | December 12, 2006
Woodside Unit Makes 'Best and Final' Offer for EPL
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.
7:00 PM EST | November 13, 2006