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Last $6.53 USD
Change Today -0.65 / -9.05%
Volume 3.9M
As of 8:04 PM 10/13/15 All times are local (Market data is delayed by at least 15 minutes).

stone energy corp (SGY) Snapshot

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52 Week High
10/17/14 - $27.81
52 Week Low
08/26/15 - $3.74
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stone energy corp (SGY) Details

Stone Energy Corporation, an independent oil and natural gas company, engages in the acquisition, exploration, exploitation, development, and operation of oil and gas properties in the Gulf of Mexico and the Appalachia region. As of December 31, 2014, it had estimated proved oil and natural gas reserves of approximately 915 billion cubic feet of gas equivalent. The company was founded in 1993 and is headquartered in Lafayette, Louisiana.

384 Employees
Last Reported Date: 02/26/15
Founded in 1993

stone energy corp (SGY) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $645.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $379.2K
Senior Vice President of Appalachia
Total Annual Compensation: $287.5K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $284.2K
Senior Vice President for Gulf of Mexico
Total Annual Compensation: $274.2K
Compensation as of Fiscal Year 2014.

stone energy corp (SGY) Key Developments

Stone Energy Corporation Provides Production Update; Revises Production Guidance for the Third Quarter of 2015

Stone Energy Corporation provided a production update. On September 1, 2015, Stone shut-in its Mary field in Appalachia curtailing approximately 100-110 Mmcfe of production per day, leaving approximately 25 Mmcfe per day producing from the Heather and Buddy fields in Appalachia. Low commodity pricing, including negative differentials in the region, combined with fees for transportation, processing and gathering, reduced the operating margins to an unacceptable level. As a result, despite being above production guidance for the first two months of the third quarter, production for the quarter is now expected to be below the previously stated guidance range of 39-41 Mboe per day, or 234-246 Mmcfe per day, and is being revised to 37.5-38.5 Mboe per day, or 225-231 Mmcfe per day. If the Mary field remains shut-in, the annual guidance of 42-44 Mboe per day, or 252-264 Mmcfe per day, will need to be adjusted to account for these curtailed volumes. Given the low margins in Appalachia, the cash flow impact from the curtailed volumes is not expected to be material for the third quarter. Higher margin Gulf of Mexico volumes experienced minimal downtime in the third quarter. The ENSCO 8503 deepwater drilling rig has completed its scheduled maintenance and has been outfitted with mooring capabilities. Stone expects to resume rig operations before October 1, 2015 and the rig will be mobilized to Mississippi Canyon block 26 to finish the completion of the Amethyst discovery (100% working interest). Amethyst will be tied back to the Pompano platform, where first production is expected early in the first quarter of 2016. After the Amethyst completion, the rig is currently projected to drill the Cardona #7 development well, followed by the Lamprey and Derbio deep water exploration prospects. The Vernaccia exploration well, which targets the Miocene interval in a four-way structure, is projected to spud by early October 2015 and is operated by Eni. After a recent sell down of a portion of its position, Stone now has approximately 4% working interest in the drilling cost of the well and will have an approximate 22% working interest ownership thereafter. The well is estimated to take three months to drill.

Stone Energy Corp. Presents at Johnson Rice & Company 2015 Energy Conference, Sep-28-2015 02:05 PM

Stone Energy Corp. Presents at Johnson Rice & Company 2015 Energy Conference, Sep-28-2015 02:05 PM. Venue: Hotel Monteleone, 214 Royal St, New Orleans, LA 70130, United States. Speakers: David H. Welch, Chairman, Chief Executive Officer and President.

Stone Energy Corp. Presents at Barclays CEO Energy-Power Conference 2015, Sep-09-2015 12:25 PM

Stone Energy Corp. Presents at Barclays CEO Energy-Power Conference 2015, Sep-09-2015 12:25 PM. Venue: Sheraton New York Times Square Hotel, 811 7th Avenue, New York, NY 10019, New York, United States. Speakers: David H. Welch, Chairman, Chief Executive Officer and President.


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