Stone Energy Corporation Prices Upsized Public Offering of $475 Million of Additional 7.500% Senior Notes Due 2022

  Stone Energy Corporation Prices Upsized Public Offering of $475 Million of
                   Additional 7.500% Senior Notes Due 2022

PR Newswire

LAFAYETTE, La., Nov. 13, 2013

LAFAYETTE, La., Nov. 13, 2013 /PRNewswire/ -- Stone Energy Corporation (NYSE:
SGY) ("Stone") today announced that it has priced an offering of $475 million
aggregate principal amount of its 7.500% Senior Notes due 2022 (the
"Additional Senior Notes"), representing an increase of $75 million over the
amount Stone initially announced. The Additional Senior Notes are being
offered as additional notes to Stone's outstanding $300 million aggregate
principal amount of 7.500% Senior Notes due 2022, which Stone sold in a public
offering in November 2012.

The Additional Senior Notes will be issued at a price equal to 103.00% of the
principal amount thereof, resulting in a yield to worst of 6.949%.

Stone intends to use substantially all of the net proceeds from the offering
to fund its pending tender offer and consent solicitation for its existing
8.625% Senior Notes due 2017, with the remaining proceeds to be used for
general corporate purposes. Stone expects to close the offering on November
27, 2013, subject to the satisfaction of customary closing conditions.

BofA Merrill Lynch, Barclays and Wells Fargo Securities are acting as joint
book-running managers for the Additional Senior Notes offering. The offering
is being 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, Barclays, c/o Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by calling
(888) 603-5847 or e-mail at or Wells Fargo
Securities, 550 South Tryon Street, 7th Floor MAC D1086-070, Charlotte, NC
28202, Attn: Client Support, by telephone (toll-free) at (800) 326-5897 or by
email 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, Texas 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 the deep water GOM and onshore
oil areas. 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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