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.
Stone Energy has retained a financial adviser to market some of its properties on the GoM shelf, state waters and onshore Louisiana.Asset HighlightsProduction relating to the properties represent ~24% of Stone's Q2-2013 production; during Q1 the company produced 40 MBOE/d1P reserves of 15.5 MMBOELooking ahead at upcoming...
Stone Energy has retained a financial adviser to market some of its properties on the GoM shelf, state waters and onshore Louisiana.
Asset Highlights
Production relating to the properties represent ~24% of Stone's Q2-2013 production; during Q1 the company produced 40 MBOE/d
1P reserves of 15.5 MMBOE
Looking ahead at upcoming deal flow in the GoM Shelf, W&T Offshore has the largest package currently on the market. In Apr-2013, the company retained Scotia Waterous for the sale of select GoM Shelf properties.
US independent, Stone Energy Corporation, announced that net profit for 2012 was $149.4 million, down 23% YoY despite higher revenue and production.2012Net profit of $149.4 million, down 23%Revenue of $951.5 million, up 9% YoYProduction was 42 MBOE/d, up 14% YoYEstimated year-end 1P reserves were 129 MMBOE or 773 Bcfe, up 28%;...
