stone energy corp (SGY) Key Developments
Stone Energy Corp. Provides Drilling and Production Update; Provides Production Guidance for the Second Quarter of 2016
Jul 7 15
Stone Energy Corp. provided a drilling and production update. In the Gulf of Mexico deepwater, operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of schedule and below budget, and drilling has been completed through the targeted zones. The well encountered approximately 288 feet of net pay in two intervals, similar to the Cardona #5 net pay of 275 feet. Analysis of logging and pressure data confirmed the existence of oil in the pay zones. The well has been successfully cased and cemented across all productive zones, the subsea tree has been installed and completion operations have begun. The well will be tied into existing Cardona subsea infrastructure, which flows into Stone's Pompano platform. It is expected that gross production from Cardona #6 will reach approximately 5,000 Boe per day (65% working interest) from the lower completion by late September. The upper completion is expected to have a similar production rate and will be accessed in the future by hydraulically shifting sleeves between the upper and lower completions. Upon completion of the Cardona #6 well, the ENSCO 8503 deepwater drilling rig will be released for approximately 60 days to receive scheduled maintenance and to be outfitted with mooring capabilities. The rig will then be mobilized to Mississippi Canyon block 26 to finish the completion of the Amethyst discovery (100% working interest). Amethyst will also be tied back to the Pompano platform, where first production is expected early in the first quarter of 2016. Following the Amethyst completion, the rig is currently projected to drill the Cardona #7 development well and the Lamprey deep water exploration prospect.
Production for the second quarter of 2016, is expected to be at or above the high end of the previous guidance range of 246-258 Mmcfe per day. The increase is a result of reduced scheduled third-party pipeline downtime in the GOM deepwater and flatter than expected production declines in Appalachia.
Stone Energy Corp. Presents at 2015 Louisiana Energy Conference, Jun-10-2015 09:00 AM
May 28 15
Stone Energy Corp. Presents at 2015 Louisiana Energy Conference, Jun-10-2015 09:00 AM. Venue: Westin Canal Place Hotel, New Orleans, Louisiana, United States. Speakers: John J. Leonard, Senior Vice President of Exploration and Business Development.
Stone Energy Corp. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015 09:30 AM
May 28 15
Stone Energy Corp. Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015 09:30 AM. Venue: The Westin Times Square Hotel, New York, New York, United States. Speakers: Thomas L. Messonnier, Vice President – Planning, Marketing & Midstream.
Stone Energy Corporation Promotes Thomas L. Messonnier to Vice President Planning, Marketing & Midstream
May 28 15
Stone Energy Corporation announced a personnel update and upcoming conferences that company representatives will be attending. Thomas L. Messonnier has been promoted to Vice President 'Planning, Marketing & Midstream. Mr. Messonnier has over 30 years of industry experience and joined Stone in June 2004. He has served the company in several capacities, including Director of Strategic Planning, Business Development and Reserves, GOM Exploitation Manager, and Reservoir Engineering Manager.
Stone Energy Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 10:30 AM
May 26 15
Stone Energy Corp. Presents at Global Hunter Securities GHS 100 Energy Conference, Jun-23-2015 10:30 AM. Venue: JW Marriott Hotel, 151 W. Adams Street, Chicago, Illinois, United States. Speakers: Thomas L. Messonnier, Vice President – Planning, Marketing & Midstream.