Stone Energy reported a 36% YoY decrease in Q1-2014 net profit to $26 million, owing mainly to a lower realized oil price.Q1-2014 financial highlightsRevenue of $224 million, down 4% YoY; lower oil revenue offset by higher gas and NGL revenueOil revenue of $138 million, down 26% YoY, due mainly to a 13% YoY fall in average...
Stone Energy Corporation, in its 2013 guidance, announced a capex budget of $650 million.The company expects net daily production to average 41-44 MBOE/d or 245-265 MMcfe/d (48%-50% liquids).Capex highlightsMarcellus Shale: $215 million (33%) to be spent on development drilling, infrastructure and acquisition of additional...
Stone Energy Corporation, in its 2013 guidance, announced a capex budget of $650 million.
The company expects net daily production to average 41-44 MBOE/d or 245-265 MMcfe/d (48%-50% liquids).
Capex highlights
Marcellus Shale: $215 million (33%) to be spent on development drilling, infrastructure and acquisition of additional interests; includes funds for one horizontal rig program and drilling and fracturing of 26-32 wells
Deep-water: Allocated ~$189 million (29%); focused mainly on exploration drilling and preparation work to accommodate a rig at the Pompano platform; the company is targeting 2-4 non operated exploration wells for 2013
GoM conventional shelf: Approximately $175 million (27%) allocated to development drilling and other activities; 3-5 development wells to be drilled around Ship Shoal 113 field, onshore South Louisiana
Deep gas: Allocated ~$52 million (8%) for a third well at the La Cantera field and one to three possible exploration wells which may include the onshore La Montana prospect and the offshore Tom Cat prospect
Stone Energy Corp announced its financial and operational results for Q2-2012 and provided updated guidance.Financial Highlights:Net income of $30.5 million, down 47% YoYCapex of $208.9 million in the quarter2012 Guidance:Q3 production of 41-43 MBOE/d2012 capex of $625 millionOperational Highlights:Production of 40.5 MBOE/d, up...
Stone Energy Corporation announced operational results for Q3-2012. Operational Update:Produced an average of 41.8 MBOE/d (251 MMcfe/d); 18% increase from Q3-2011Brought the second La Cantera delineation well on line in September; current net production from the two well field: 13 MMcf of gas, 600 bbl of...
Stone Energy Corporation announced operational results for Q3-2012.
Operational Update:
Produced an average of 41.8 MBOE/d (251 MMcfe/d); 18% increase from Q3-2011
Brought the second La Cantera delineation well on line in September; current net production from the two well field: 13 MMcf of gas, 600 bbl of NGLs and 260 bbl/d
Entered into a JV deal with Conoco on four deep-water GoM prospects
Reached TD on the Parmer deep-water appraisal well and encountered ~240 net ft of gas pay in a new zone
Drilled 17 wells and completed 21 wells in the condensate rich Mary and Heather fields in the Marcellus shale during the first nine months of 2012; current net daily production: ~53 MMcfe in Appalachia
Stone Energy reported production of 272 MMcfe in Q2-2013, up 12% YoY.Q2-2013 resultsRevenue of $244 million, up 28% YoYNet profit of $39 million, up 28% YoYH1-2013 resultsProduction of 257 MMcfe, up 5% YoYRevenue of $476 million, up 3% YoYNet profit of $80 million in H1-2013, down 2% YoYOperational UpdateDrilled six Marcellus...
