Joe Klutts Retires from Stone Energy Board of Directors

Stone Energy Corporation announces that Joe R. Klutts has elected to retire from the Company's Board of Directors effective May 20, 2004. Mr. Klutts has been associated with Stone and its predecessors for over 30 years. His leadership was an important part of Stone Energy's transformation from a small private oil and gas venture into a public company. Mr. Klutts served the Company as its first President until February 1994 when he was named vice chairman of the Board. Also, he has served on the Company's Board of Directors since its inception in 1993.

"It has been a pleasure working with Joe during his long association with our company and its predecessors," said James H. Stone, chairman of the board. "We thank him for all of his contributions and wish him well in his future endeavors."