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Stone Energy acquires GoM assets from Anadarko for $67 millionGlobal Deals
- Stone Energy to acquire interest in GoM assets from Anadarko for $67 million
Asset highlights:
- 25% WI in the five block deepwater Pompano field in Mississippi Canyon;
- 22% WI in Mississippi Canyon Block 29;
- 10% WI in portions of Mississippi Canyon Block 72;
- Net Production of 1.5 MBOE/d (66.67% oil);
- Estimated Proved Reserves of approximately 5.9 MMBOE as of 31-Dec-2011.
View transaction in the Global M&A Database
View recent transactions in deepwater GoM in the Global M&A Database
May 11, 2012
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NEWS
- Stone Energy Raises 2013 Guidance to 45 MBOE/d
Stone Energy raised its average production target to 43-45 MBOE/d for the year, compared to its earlier 2013 guidance of 41-44 MBOE/d. Capex 2013 guidance has also been revised to $710 million from $650 million.Operational highlightsTaggart prospect encountered a 90 ft interval of net oil and gas...
Stone Energy Raises 2013 Guidance to 45 MBOE/dProjects & Capex, OthersStone Energy raised its average production target to 43-45 MBOE/d for the year, compared to its earlier 2013 guidance of 41-44 MBOE/d.
Capex 2013 guidance has also been revised to $710 million from $650 million.
Operational highlights
- Taggart prospect encountered a 90 ft interval of net oil and gas condensate pay in two sands
- Taildancer prospect made discovery at Ship Shoal 113, with the well encountering 130 ft of net oil and gas pay
- Drilling has begun at San Marcos prospect, located at Mississippi Canyon 983
September 10, 2013 - Stone Energy Prices Senior Notes Offering, Upsized by $75...
Stone Energy has priced an offering of $475 million aggregate principal amount of its 7.5% Senior Notes due 2022. The $475 million offer is an increase of $75 million over the amount Stone initially announced. Stone expects to close the offering on 27-Nov-2013. The net proceeds from the offering...
Stone Energy Prices Senior Notes Offering, Upsized by $75 MillionOthersStone Energy has priced an offering of $475 million aggregate principal amount of its 7.5% Senior Notes due 2022. The $475 million offer is an increase of $75 million over the amount Stone initially announced. Stone expects to close the offering on 27-Nov-2013.
The net proceeds from the offering will be used to service existing debt and for general corporate purposes.
View Stone Energy press release
November 14, 2013 - Stone Energy Offers $300 Million of Senior Notes
Stone Energy Corporation intends to publicly offer $300 million aggregate principal amount of senior notes due 2022. The senior notes will be fully and unconditionally guaranteed by Stone Energy Offshore, a wholly-owned subsidiary of Stone. It intends to use the net...
Stone Energy Offers $300 Million of Senior NotesOthersStone Energy Corporation intends to publicly offer $300 million aggregate principal amount of senior notes due 2022. The senior notes will be fully and unconditionally guaranteed by Stone Energy Offshore, a wholly-owned subsidiary of Stone.
It intends to use the net proceeds from the offering for general corporate purposes, which may include repayment of its existing 6¾% senior subordinated notes due 2014.
View Stone Energy press release
October 23, 2012 -
Stone Energy Brings Cardona Deep-Water Project OnlineProjects & Capex
Stone Energy announced that production has commenced at the Cardona deep-water project in deep-water GoM. Initial production testing on the project started in late Nov-2014 and two wells (Cardona #4 and #5) have been tested and will be closely monitored with flow rates ramping up over a four week period.
The two Cardona wells are expected to reach a combined gross production volume of 12 MBOE/d during this period. The wells are flowing into Stone-owned and operated Pompano platform. The company added that the Cardona subsea facility allows for the tie-in of two additional wells, which are currently scheduled to be the Cardona #6 and #7 wells projected to be drilled in 2015.
Stone Energy has a 65% WI in the Cardona wells.
View Stone Energy press release
View Stone Energy Dec-2013 presentation
December 4, 2014 - Stone Energy Prices $300 Million of Senior Notes
Stone Energy Corp priced an offering of $300 million aggregate principal amount of 7.5% senior notes due 2022. The notes will be issued at 98.277% of principal amount, resulting to yield to maturity of 7.75%.Stone intends to use the proceeds to fund its pending offer and consent solicitation for its existing...
Stone Energy Prices $300 Million of Senior NotesOthersStone Energy Corp priced an offering of $300 million aggregate principal amount of 7.5% senior notes due 2022. The notes will be issued at 98.277% of principal amount, resulting to yield to maturity of 7.75%.
Stone intends to use the proceeds to fund its pending offer and consent solicitation for its existing 6.75% senior subordinate notes due 2014, and for general corporate purposes.
October 26, 2012
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