Exploration & Production | Quarterly / Earnings Reports
Stone Sees Strong Marcellus Volumes in Q2; Testing Upper Devonian
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Stone Energy Corporation has reported financial and operational results for the second quarter of 2013 and provided updated guidance.
Some of the highlights include: Production at 45.4 MBoe (272 MMcfe) per day exceeded the upper end of second quarter guidance, driven by strong Marcellus volumes, early production from the third La Cantera well and an active well work program. This represents a 12% increase when compared to the second quarter of 2012. The production mix was 53% liquids and 47% natural gas. Production from Appalachia averaged 75 MMcfe per day, including 51 MMcf per day of natural gas and 4,000 barrels per day of liquids. The third La Cantera well was placed on production during the second quarter of 2013, increasing the rate from this field to approximately 30 MMcfe per…Finish this article — free account or subscription
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