Operator · Gulf Of Mexico (GOM) & Marcellus Shale
Stone Energy Corp.
69 articles mentioning Stone Energy Corp. · Page 2 of 4
Stone Energy Cancels GOM Drill Ship; Resumes Marcellus Production
Stone and Ensco have agreed to terminate Stone's current contract with Ensco for total consideration of $20 million, approximately $5 million of which was a deposit previously provided to Ensco pursuant to the drilling services contract....
Stone Energy Reverse STock Split ; 1 For 10
Stone Energy Corporation announced that the Board of Directors of Stone has approved a 1-for-10 reverse split of its issued and outstanding shares of common stock. The 1-for-10 reverse stock split will be effective upon the...
Stone Out of NYSE Compliance
Stone Energy Corporation has been notified by the NYSE that its average global market capitalization has been less than $50 million over a consecutive 30 trading-day period.
GOM E&P Suspends Major Project to Save Cash; Seeks Partner for Other Wells
The company has suspended the project to further cut down on capital expenditures in 2016.
Stone Energy Inches Closer To Bankruptcy
In support of Stone's recent announcement of the retention of professionals to assist in analyzing and considering financial, transactional and strategic alternatives, the Independent Directors of Stone's Board of Directors recently named current board member David...
Lender Chops Stone's Borrowing Base; Running Out of Options
Stone Energy Corporation announced an update on its first quarter operational activities and its borrowing base redetermination.
Stone Energy Draws on Entire Credit Facility; $385 Million
Stone has retained Lazard as its financial advisor and Latham & Watkins LLP as its legal advisor to assist the Company in analyzing and considering financial, transactional and strategic alternatives.
Marcellus/GOM Operator To Default In March 2016
The company who is currently $1.0 billion in debt and it currently in discussions with its banks.
Stone Talks 4Q Activity; Reiterates GOM-Focused 2016 Plans
Average daily production for the fourth quarter of 2015 was 24 MBoe per day, or 145 MMcfe per day.
Stone Eyes GOM for 2016; Talks Capex, Minimal Marcellus Ops
Stone Energy Corporation provided an update on its 2016 capital expenditure budget, drilling and production operations.
Stone Touts GOM Success, Wells; Shuts-In Appalachian Wells
Stone had a third quarter of 2015 adjusted net loss of $8.4 million, or $0.15 per share, on oil and natural gas revenues of $128.4 million.
Stone Energy Borrowing Base Reaffirmed at $500MM
As of October 13, 2015, the credit facility was substantially undrawn with only $19.2 million in letters of credit outstanding.
Stone Shuts In Appalachian Project; Updates GOM Ops
On September 1, 2015, Stone shut-in its Mary field in Appalachia curtailing approximately 100-110 Mmcfe of production per day, leaving approximately...
Stone Energy Hits Pay at Cardona #6 in GoM
The well encountered approximately 288 feet of net pay in two intervals.
Stone's GOM Cardona #6 Nears Completion; 5,000 BOPD Estimated
Production for the second quarter is expected to be at or above the high end of the previous guidance range of 246-258 Mmcfe per day.
Top IPs : Utica Shale Wells
The latest top wells in the Utica Shale play.
Stone Focusing on Increasing GoM Projects; Puts Appalachia on Hold
Stone's GOM Cardona wells #4 and #5 continue to produce gross volumes of approximately 10,000 Boe per day.
Madison Project GoM Well to be Abandoned
The deep water Madison prospect will be plugged and abandoned.
Stone Plans Conservative Budget for 2015; GoM Focus
The Deep Water capital budget is focused on development and exploration drilling, facility installations for development work, completion operations, and seismic and lease acquisition.
Stone IPs Successful Utica Exploration Well; 17-Stage Frac
The well was completed in the Point Pleasant formation with 17 fracture stages with approximately 210 feet of spacing.