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Stone Looking to Bolster GoM Drilling; Preps for Cardona Production
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Stone Energy Corp. has reported a third quarter 2014 update on its Deep Water Drilling Program and Developmental Drilling Program in the Gulf of Mexico.
Chairman, President and Chief Executive Officer David Welch stated, "In the Gulf of Mexico, we expect to have the deep water Cardona development project on production by December 2014, which would boost our production exit rate for the year. We are participating in the Madison deep water exploration well which is currently drilling, and will participate in the Vernaccia deep water exploration prospect which is scheduled to spud in early 2015."
On October 6, 2014, Stone Energy entered into an agreement to contract the ENSCO 8503 dynamically positioned deep water drilling rig for Stone's multi-year deep water drilling program in the Gulf…
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