Stone Energy Corporation Announces Public Offering of $300 Million of Senior Notes

 Stone Energy Corporation Announces Public Offering of $300 Million of Senior

PR Newswire

LAFAYETTE, La., Oct. 22, 2012

LAFAYETTE, La., Oct. 22, 2012 /PRNewswire/ -- Stone Energy Corporation (NYSE:
SGY) ("Stone") today announced that it intends, subject to market conditions,
to publicly offer $300 million aggregate principal amount of Senior Notes due
2022 (the "Senior Notes"). The Senior Notes will be fully and unconditionally
guaranteed by Stone Energy Offshore, L.L.C., a wholly-owned subsidiary of
Stone. Stone intends to use the net proceeds from the offering for general
corporate purposes, which may include repayment of its existing 6¾% Senior
Subordinated Notes due 2014.

BofA Merrill Lynch and Barclays Capital are acting as joint book-running
managers for the Senior Notes offering. The offering will be made only by
means of a preliminary prospectus supplement and the accompanying base
prospectus, copies of which may be obtained on the Securities and Exchange
Commission's ("SEC") website at Alternatively, the underwriters
will arrange to send you the preliminary prospectus supplement and related
base prospectus if you request them by contacting BofA Merrill Lynch at 222
Broadway, 11^th Floor, New York, New York 10038, Attention: Prospectus
Department or email, or by contacting Barclays
Capital Inc., c/o Broadridge, Integrated Distribution Services, 1155 Long
Island Avenue, Edgewood, NY 11717 or by calling (888) 603-5847 or e-mail at

This press release shall not constitute an offer to sell or a solicitation of
an offer to buy the Senior Notes or any other securities, nor shall there be
any sale of the Senior Notes or any other securities in any state or
jurisdiction in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such state
or jurisdiction. A shelf registration statement relating to the securities
has been filed with the SEC and became effective October 22, 2012. The
offering and sale of the Senior Notes will be made pursuant to this effective
shelf registration statement.

Forward Looking Statement

Certain statements in this press release are forward-looking and are based
upon Stone's current belief as to the outcome and timing of future events.
All statements, other than statements of historical facts, that address
activities that Stone plans, expects, believes, projects, estimates or
anticipates will, should or may occur in the future, including future
production of oil and gas, future capital expenditures and drilling of wells
and future financial or operating results are forward-looking statements.
Important factors that could cause actual results to differ materially from
those in the forward-looking statements herein include the timing and extent
of changes in commodity prices for oil and gas, operating risks, liquidity
risks, political and regulatory developments and legislation, including
developments and legislation relating to our operations in the Gulf of Mexico
and Appalachia, and other risk factors and known trends and uncertainties as
described in Stone's Annual Report on Form 10-K and Quarterly Reports on Form
10-Q as filed with the SEC. Should one or more of these risks or
uncertainties occur, or should underlying assumptions prove incorrect, Stone's
actual results and plans could differ materially from those expressed in the
forward-looking statements.

Stone Energy is an independent oil and natural gas exploration and production
company headquartered in Lafayette, Louisiana with additional offices in New
Orleans, Houston and Morgantown, West Virginia. Our business strategy is to
leverage cash flow generated from existing assets to maintain relatively
stable GOM shelf production, profitably grow gas reserves and production in
price-advantaged basins such as Appalachia and the Gulf Coast Basin, and
profitably grow oil reserves and production in material impact areas such as
the deep water GOM and onshore oil. For additional information, contact
Kenneth H. Beer, Chief Financial Officer, at 337-521-2210 phone, 337-521-9880
fax or via e-mail at

SOURCE Stone Energy Corporation

Press spacebar to pause and continue. Press esc to stop.