Exploration & Production | Operational Updates | Quarterly / Earnings Reports | First Quarter (1Q) Update
Stone Makes Four Deepwater Discoveries, Plans First Utica Well
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Stone Energy Corporation (SGY) today announced financial and operational results for the first quarter of 2014.
Some of the highlights include:
Net income of $25.9 million or $0.52 per share Production volumes at the upper end of first quarter guidance Development drilling success at the Cardona South and Cardona wells in the Pompano field Discovery at the Amethyst deep water exploration prospect Discovery at the Tomcat deep gas prospectChairman, President and Chief Executive Officer David Welch stated: "We have started the year with four successful discovery wells which provide us with short and intermediate term production visibility. We expect Tomcat to commence production this June, the Cardona and Cardona South volumes to commence production by the first quarter of 2015 and…
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