Exploration & Production | Quarterly / Earnings Reports | Capital Markets | Capital Expenditure
Stone Energy Continues Prolific Gas Production in Marcellus
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Stone Energy Corporation has announced financial and operational results for the third quarter of 2013 and provided updated guidance.
Highlights: Production for the third quarter of 2013 averaged 49.4 thousand barrels of oil equivalent (MBoe) per day, which was near record volumes, and represents an 18% increase from 41.8 MBoe per day in the third quarter of 2012. The San Marcos deep water well spud in September and is currently drilling with a target depth of 29,000 feet. The drilling rig for the Stone operated Amethyst deep water prospect is mobilizing to location. The deep gas Tomcat prospect was spud in October and is currently drilling at approximately 3,500 feet with a target depth of 16,125 feet.Chairman, President and Chief Executive Officer David Welch stated, "We have…
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