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Stone Energy Corp (SGY.N)

SGY.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Stone Energy Corporation Q2 loss per share ‍$0.32​
Monday, 7 Aug 2017 04:07pm EDT 

Aug 7 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces second quarter 2017 results.Stone Energy Corp - ‍production volumes averaged 20.6 thousand barrels of oil equivalent per day for three months ended June 30, 2017​.Stone Energy Corp - qtrly ‍oil revenue $61.7 million versus $72.7 million.Stone Energy Corp - qtrly loss per share ‍$0.32​.  Full Article

Stone Energy says‍ workforce reduction plans are expected to be completed by end of Q2 2017
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Stone Energy Corp :Stone Energy Corp says‍ workforce reduction plans are expected to be substantially completed by end of q2 of 2017 - sec filing​.Stone Energy Corp - ‍ in connection with reductions, company estimates it will incur a pre-tax charge of approximately $5-6 million in q2 of 2017​.Stone Energy Corp - workforce reduction percentage and range of expected charges exclude effects of a smaller reduction made in late-april 2017.  Full Article

Stone Energy announces rampart deep spud and further workforce reductions
Friday, 9 Jun 2017 08:30am EDT 

June 9 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces rampart deep spud and further workforce reductions.Drilling operations on its rampart deep prospect in Mississippi canyon block 116 were initiated on June 3, 2017.Expect workforce reduction to result in an about 25% decrease in salaries, general and administrative cash costs for second half of 2017​.Expected quarterly cash SG&A outlay, before capitalization, of about $11 million to $12 million/quarter, excluding non-recurring and non-cash items.Project an overall SG&A reduction of approximately 50% from 2016​.  Full Article

Stone Energy Corp files for offering of 11.1 mln shares of common stock by selling stockholders
Friday, 12 May 2017 04:55pm EDT 

May 12 (Reuters) - Stone Energy Corp ::Stone Energy Corp files for offering of 11.1 million shares of common stock by the selling stockholders - sec filing.  Full Article

Stone Energy reports qtrly combined total operating revenue $94.7 mln
Monday, 8 May 2017 04:57pm EDT 

May 8 (Reuters) - Stone Energy Corp :Stone Energy Corporation announces results for the three months ended March 31, 2017.Stone Energy Corp - net daily production during three months ended March 31, 2017 averaged 30.4 thousand barrels of oil equivalent per day.Stone Energy Corp - qtrly combined total operating revenue $94.7 million.Stone Energy Corp - qtrly oil, natural gas and ngls production 2,733 mboe versus 3,140 mboe.  Full Article

Stone Energy Corp says CEO David Welch to retire
Friday, 28 Apr 2017 06:30am EDT 

April 28 (Reuters) - Stone Energy Corp ::David Welch to retire, Jim Trimble elected interim chief executive officer and president of stone energy corporation.James m. Trimble, currently an independent director of company, has been elected interim chief executive officer.Welch also indicated his intention to step down from his position as a director of company.Appointed Keith Seilhan, formerly company's senior vice president - Gulf Of Mexico, to new post of chief operating officer.  Full Article

MacKay Shields reports 19.74 pct passive stake in Stone Energy as of March 01
Wednesday, 8 Mar 2017 11:09am EST 

MacKay Shields LLC:MacKay Shields LLC reports 19.74 percent passive stake in Stone Energy Corp as of March 01, 2017 - SEC filing.  Full Article

Stone Energy announces continued listing of shares following emergence from Chapter 11 reorganization
Friday, 24 Feb 2017 06:30am EST 

Stone Energy Corp : Stone Energy Corporation announces continued listing of new shares of common stock and trading under ticker "SGY" following emergence from Chapter 11 reorganization . Stone Energy Corp - company currently expects plan to become effective on February 28, 2017 . Stone Energy Corp - assuming emergence on effective date of February 28, 2017, trading in new common shares is expected to commence on March 1, 2017 .Stone Energy Corp - currently expects to list warrants on an exchange by end of March 2017.  Full Article

Stone Energy Corporation Q4 loss per share $20.76
Thursday, 23 Feb 2017 04:05pm EST 

Stone Energy Corp : Stone Energy Corporation announces fourth quarter and year-end 2016 results and reserves . Q4 loss per share $20.76 . Q4 earnings per share view $-6.65 -- Thomson Reuters I/B/E/S . Stone Energy says financial projections prepared in connection with restructuring efforts included estimated preliminary capex of about $200 million for 2017 . Upon emergence from bankruptcy, co expects to eliminate approximately $1.2 billion in principal amount of outstanding debt . Stone Energy says cash flows from operations, cash on hand, availability under credit facility adequate to meet 2017 operating, capex needs of post-reorganized co . No assurances that co will emerge from bankruptcy on February 28, 2017 as expected . Qtrly oil and gas revenue of $112.2 million, compared to oil and gas revenue of $106.2 million in Q4 of 2015 . Net daily production during Q4 of 2016 averaged 43.7 thousand barrels of oil equivalent per day .Projected capital expenditures budget of $200 million for 2017 includes approximately $86 million of plugging and abandonment costs.  Full Article

Stone Energy announces auction results for sale of Appalachia properties
Wednesday, 8 Feb 2017 08:33pm EST 

Stone Energy Corp : Stone Energy Corporation announces auction results for sale of Appalachia properties . Says deal for a sales price of $527 million . Says pursuant to terms of PSA, Stone agreed to sell properties to Tug Hill for $360 million in cash .Says Stone entered into PSA in conjunction with previously announced comprehensive balance sheet restructuring efforts.  Full Article

BRIEF-Stone Energy Corporation Q2 loss per share ‍$0.32​

* Stone Energy Corporation announces second quarter 2017 results