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 condensate pay in two...
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 will be used to service...
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 will be used to service existing debt and for general corporate purposes.
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 proceeds from the offering...
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 proceeds from the offering for general corporate purposes, which may include repayment of its existing 6¾% senior subordinated notes due 2014.
US independent, Stone Energy, reported a 20% fall in Q1-2013 net profits to $40.8 million.Q1-2013 resultsTotal revenue of $232.9 million, down 5% YoYProduction was 40.1 MBOE/d, down 2% YoY
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 6.75% senior...
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 6.75% senior subordinate notes due 2014, and for general corporate purposes.
