STONE ENERGY CORPORATION Prices Public Offering of $300 Million of Senior Notes

  STONE ENERGY CORPORATION Prices Public Offering of $300 Million of Senior

PR Newswire

LAFAYETTE, La., Oct. 23, 2012

LAFAYETTE, La., Oct. 23, 2012 /PRNewswire/ --Stone Energy Corporation (NYSE:
SGY) today announced that it has priced an offering of $300 million aggregate
principal amount of 7.50% Senior Notes due 2022 (the "Senior Notes"). The
Senior Notes will be issued at a price equal to 98.277% of the principal
amount thereof, resulting in a yield to maturity of 7.75%. Stone intends to
use the net proceeds from the offering to fund its pending tender offer and
consent solicitation for its existing 6.75% Senior Subordinated Notes due 2014
and for general corporate purposes. Stone expects to close the sale of the
Senior Notes on November 8, 2012, subject to the satisfaction of customary
closing conditions.

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 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 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, 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

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