Exploration & Production | Capital Markets | Capital Expenditure
Stone Energy Unveils 2014 Budget; Outlines Appalachian, GoM Ops
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Stone Energy Corp. has provided its capital expenditure budget and initial production guidance for 2014.
Chairman, President and Chief Executive Officer David Welch stated, "We are extremely excited about how we are positioned as a company. We have just completed our fourth consecutive year of growth in production and reserves, and during this period Stone has transformed itself into a diversified company with significant positions in the deep water Gulf of Mexico, the Gulf Coast deep gas play and Appalachia. Adding to the excitement is the exploration and development program we have slated for 2014. We are currently drilling the deep water Amethyst prospect and the deep gas Tom Cat prospect, both operated by Stone, with results expected in the next 3-4 weeks. Last week we spudded the…
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