Stone Energy Corp.

Stone Energy announced that the Company closed the transaction contemplated under the previously announced Asset Purchase Agreement dated April 27, 2018 to purchase a 100% working interest in the Ram Powell Unit, and related assets, from Shell Offshore, Exxon Mobil, and Anadarko US Offshore LLC. Forward-Looking Statements Certain statements in this [...]

Stone Energy announced the execution of an agreement to purchase a 100% working interest in the Ram Powell Unit, and related assets, from Shell Offshore, Exxon Mobil, and Anadarko US Offshore. On April 27, 2018, Stone entered into an Asset Purchase Agreement with Shell, ExxonMobil, and Anadarko to acquire a 100% working interest in the Ram Powell [...]

Stone Energy announced that the Derbio exploration well reached total depth and encountered reservoir-quality sands in the targeted objective that did not contain commercial saturations of hydrocarbons. The partners are now evaluating the possible development of the Rampart Deep well as a single-well tieback. Working interest partners in the Derbio [...]

Stone Energy announced financial and operational results for the fourth quarter of 2017. Some items of note from the fourth quarter of 2017 and early 2018 include: Estimated proved reserves totaled approximately 32.5 million barrels of oil equivalent as of Dec 31, 2017 Production volumes averaged approximately 17.6 thousand Boe per day for the [...]

Stone Energy announced its estimated proved reserves, production volumes, and liquidity for year-end Dec 31, 2017, its capital expenditure budget for 2018, and production guidance for the first quarter of 2018. Some highlights include: Estimated proved reserves totaled approximately 32.5 million barrels of oil equivalent at December 31, 2017 [...]

Stone Energy announced drilling success at the deep water Mt. Providence development well at Mississippi Canyon Block 28.  Stone generated the prospect and owns a 100% working interest in the well. The Mt. Providence well encountered approximately 153 net feet of high quality, primarily oil pay in one Miocene interval with no visible water level [...]

Stone Energy announced that James M. Trimble, interim Chief Executive Officer and President, will be presenting at the Capital One Securities, Inc. 12th Annual Energy Conference in New Orleans, LA at 11:00 a.m. Central Time on Thursday, December 7, 2017.  The presentation material will be available in the "Events and Presentations" section of the [...]

WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Stone Energy in connection with the proposed acquisition of the Company by Talos Energy. Under the terms of the acquisition agreement, each outstanding share of SGY will be exchanged for one Talos share.   WeissLaw is [...]

Rowley Law is investigating potential claims against Stone Energy and its board of directors for breach of fiduciary duty concerning the proposed merger of the company with Talos Energy. Stone Energy will own 37% of the combined company, Talos Energy, which will have an enterprise value of approximately $2.5 billion. The merger is expected to close [...]

Talos Energy and Stone Energy announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction that will create a premier offshore-focused exploration and production company. The company will be named Talos Energy, Inc. and is expected to trade on the New York Stock Exchange under the [...]