Key Developments: Stone Energy Corp (SGY)

SGY on New York Consolidated

41.73USD
11 Jul 2014
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$-1.07 (-2.50%)
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Latest Key Developments (Source: Significant Developments)

Stone Energy Corp announces sale of non-core GOM Shelf properties
Monday, 30 Jun 2014 04:10pm EDT 

Stone Energy Corp:Signs definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC for $200 mln in cash and assumed future undiscounted abandonment liabilities estimated at about $117 mln.These properties represented production volumes of about 57 MMcfe per day for the first quarter of 2014 (58 pct natural gas).Estimated proved reserves associated with these properties represented about 9 pct of Stone's year end 2013 estimated proved reserves.Stone will retain an option for a 50 pct working interest in the deep drilling rights on the properties.  Full Article

Stone Energy Corp announces pricing of common stock offering
Thursday, 8 May 2014 05:40pm EDT 

Stone Energy Corp:Prices a registered underwritten public offering of 5,000,000 shares of its common stock at a price to the public of $41.00 per share.Granted the underwriters a 30-day option to purchase 750,000 additional shares of its common stock.Expected to close on or about May 14.Intends to use the net proceeds from the offering for general corporate purposes.  Full Article

Stone Energy announces public offering of 5,000,000 shares of common stock
Wednesday, 7 May 2014 04:03pm EDT 

Stone Energy Corp:Commences a registered underwritten public offering of 5,000,000 shares of its common stock.Intends to grant the underwriters a 30-day option to purchase 750,000 additional shares of common stock.Intends to use the net proceeds for general corporate purposes.Barclays Capital Inc. is acting as the sole book-running manager of the offering.  Full Article

Stone Energy Corp gives Q2 2014 production guidance; reaffirms FY 2014 production guidance
Monday, 5 May 2014 04:44pm EDT 

Stone Energy Corp:Expects Q2 2014 production to be 43.5-45.5 MBoe (261-273 MMcfe) per day.Expects FY 2014 production to be 43-47 MBoe per day (258-282 MMcfe per day).  Full Article

Stone Energy Corp gives Q1 2014 production guidance; reaffirms FY 2014 production guidance
Monday, 24 Feb 2014 04:05pm EST 

Stone Energy Corp:Expects Q1 2014 average daily production to be 43.5-45.0 MBoe (261-270 MMcfe) per day.Updates production guidance for FY 2014 remains at 43-47 MBoe (258-282) with just over 50 percentage projected as natural gas.  Full Article

Stone Energy Corp gives FY 2014 production guidance
Wednesday, 15 Jan 2014 04:10pm EST 

Stone Energy Corp:Says FY 2014 production to be in the 43,000 -- 47,000 Boe per day range (258 - 282 Mmcfe per day).  Full Article

Stone Energy Corp Prices Upsized Public Offering Of $475 Million Of Additional 7.500% Senior Notes Due 2022
Wednesday, 13 Nov 2013 06:26pm EST 

Stone Energy Corp announced that it has priced an offering of $475 million aggregate principal amount of its 7.500% Senior Notes due 2022, representing an increase of $75 million over the amount Stone initially announced. The additional Senior Notes are being offered as additional notes to Stone's outstanding $300 million aggregate principal amount of 7.500% Senior Notes due 2022, which Stone sold in a public offering in November 2012. The Additional Senior Notes will be issued at a price equal to 103.00% of the principal amount thereof, resulting in a yield to worst of 6.949%. Stone intends to use substantially all of the net proceeds from the offering to fund its pending tender offer and consent solicitation for its existing 8.625% Senior Notes due 2017, with the remaining proceeds to be used for general corporate purposes. Stone expects to close the offering on November 27, 2013, subject to the satisfaction of customary closing conditions. BofA Merrill Lynch, Barclays and Wells Fargo Securities are acting as joint book-running managers for the Additional Senior Notes offering.  Full Article

Stone Energy Corp Issues Q4 2013 Production Guidance; Raises FY 2013 Production Guidance
Monday, 4 Nov 2013 04:03pm EST 

Stone Energy Corp announced that production for the fourth quarter of 2013 is expected to decrease slightly to approximately 42.5-45.5 MBoe (255-273 MMcfe) per day due to Williams pipeline downtime in Appalachia during the month of October, the sale of selected onshore Louisiana properties on October 1, 2013, downtime associated with Tropical Storm Karen, and unplanned downtime at Ship Shoal Block 113. However, due to positive third quarter production results, fiscal 2013 production guidance has been increased to 44.5-45.5 MBoe (267-273 MMcfe) per day.  Full Article

Stone Energy Corp Raises Q3, FY 2013 Production Guidance
Monday, 9 Sep 2013 04:10pm EDT 

Stone Energy Corp announced that for the third quarter of 2013, increasing production from 42-45 Mboe per day (252-270 MMcfe per day) to 46-49 Mboe per day (276-294 MMcfe per day). The fiscal 2013 guidance has also been increased from 41-44 Mboe per day (246-264 MMcfe per day) to 43.5-45.0 Mboe per day (261-270 MMcfe per day). The increase was due to higher projected Appalachian volumes, incremental volumes from the La Cantera field and a more active workover/recompletion GOM shelf program.  Full Article

Stone Energy Corp Issues Q2 2013 Production Guidance; Reaffirms FY 2013 Production Guidance
Monday, 6 May 2013 04:05pm EDT 

Stone Energy Corp announced that for the second quarter of 2013 is expected to be 38-40 MBoe (230-240 MMcfe) per day. FOr fiscal 2013, it expects production guidance of 40-43 MBoe (240-255 MMcfe) per day.  Full Article

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