March 12 (Reuters) - Stone Energy Corp ::STONE ENERGY CORPORATION ANNOUNCES FOURTH QUARTER AND YEAR-END 2017 RESULTS.STONE ENERGY CORP - QTRLY EARNINGS PER SHARE $0.85.STONE ENERGY - NET DAILY PRODUCTION DURING Q4 AVERAGED ABOUT 17.6 MBOE PER DAY VERSUS 19.2 MBOE PER DAY FOR QUARTER ENDED SEPTEMBER 30, 2017.STONE ENERGY CORP QTRLY TOTAL OIL, NATURAL GAS AND NGLS REVENUE $76.2 MILLION VERSUS $112.2 MILLION.STONE ENERGY - Q4 VOLUMES AFFECTED BY 5 DAYS OF DOWNTIME FROM HURRICANE NATE & 10 DAY PLANNED SHUT-IN OF POMPANO PLATFORM IN NOV.STONE ENERGY CORP - AUTHORIZED FY 2018 CAPITAL EXPENDITURE BUDGET OF UP TO $212 MILLION.STONE ENERGY - FINANCIAL STATEMENTS DATED ON/AFTER MARCH 1, 2017 WILL NOT BE COMPARABLE WITH THOSE ISSUED PRIOR TO THAT DATE ON ACCOUNTING CHANGES.
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Nov 21 (Reuters) - Stone Energy Corp :Talos Energy LLC to combine with Stone Energy Corp .Stone Energy Corp - at closing, Talos stakeholders will own 63 pct and Stone shareholders will own 37 pct of combined company.Stone Energy Corp - boards of directors of co and Talos Energy unanimously approved combination of Talos and Stone in an all-stock transaction.Stone Energy Corp - Talos, Stone will become wholly-owned subsidiaries of new holding company, which at closing of deal will become publicly traded entity.Stone Energy Corp - under terms of deal, each outstanding share of co's common stock will be exchanged for one share of Talos Energy, Inc. Common stock.Stone Energy Corp - combined co will be named Talos Energy Inc, expected to trade on New York Stock Exchange under new ticker symbol TALO.Stone Energy Corp - Timothy S. Duncan, Talos's chief executive officer, will be chief executive officer of Talos Energy Inc.Stone Energy Corp - as per terms of proposed deal, Talos will have initial equity market capitalization of about $1.9 billion, enterprise value of about $2.5 billion.Stone Energy Corp - combined co's board comprised of 10 members, including 6 members designated by Talos, 4 members designated by Stone from current board.Stone Energy Corp - Neal P. Goldman will serve as non-executive chairman of board of directors of combined co.
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Nov 8 (Reuters) - Stone Energy Corp ::Stone Energy Corp - on Nov 8, co received notice from Bank Of America that its borrowing base under credit agreement had been reduced to $100 million.Stone Energy Corp - prior to November 8, 2017 redetermination, available borrowings under credit agreement were $150 million .
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Nov 1 (Reuters) - Stone Energy Corp :Stone Energy Corp announces third quarter 2017 results.Stone Energy Corp - production volumes averaged 19.2 thousand barrels of oil equivalent per day for three months ended september 30, 2017.Stone Energy Corp - qtrly total oil, natural gas and ngls revenue $69.8 million .Stone Energy Corp - qtrly earnings per share $0.06.
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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.
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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.
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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.
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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.
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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.
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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.
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