Search results for: Stone Energy

105091 results

A list of search results

  • 1 May 2017
    Business & Finance

    American oil and gas corporation Stone Energy has informed that David H. Welch, the company’s chief executive officer and president, has decided to retire following more than 13 years of service to the company. The company also added that Welch would also step down from his position as a director of the company. He joined […]

  • 19 May 2016
    Business & Finance

    Stone Energy, a Gulf of Mexico focused oil and gas firm, in March received a notice from the Bureau of Ocean Energy Management (“BOEM”), seeking financial assurances related to its abandonment obligations in the Gulf of Mexico.  According to a statement by Stone issued on Thursday, May 19, the matter has now been resolved. BOEM requires […]

  • 23 May 2016
    Business & Finance

    Stone Energy, a Gulf of Mexico focused oil and natural gas exploration and production company, has received a formal notice of non-compliance with the New York Stock Exchange (NYSE) market capitalization listing standard. According to the company’s statement on Friday, Stone Energy was notified on May 17, 2016, by the NYSE that the company’s average […]

  • 11 May 2018
    Business & Finance

    U.S.-based independent exploration and production company Talos Energy has started trading on the New York Stock Exchange, following completion of its acquisition of compatriot Stone Energy. 

  • 5 November 2014
    Business & Finance

    In a settlement with the U.S. Environmental Protection Agency, Stone Energy Corporation will restore streams damaged by the company’s unauthorized discharge of dredged or fill material in Wetzel County, West Virginia. The alleged violations of the Clean Water Act occurred during construction of two Marcellus Shale well pads and access roads. Without first obtaining the […]

  • 4 December 2014
    Business & Finance, Equipment, Operations & Maintenance

    Stone Energy Corporation provided an operational update on its Cardona deepwater development project.  The Cardona project initial production testing started in late November and the two wells (Cardona 4 and 5) have been tested and will be closely monitored with flow rates ramping up over a four week period. The wells are expected to reach a […]

  • 9 June 2017

    U.S. oil company Stone Energy has informed that drilling operations on the Rampart Deep Prospect in Mississippi Canyon Block 116, in the Gulf of Mexico, were initiated on June 3.  The Stone generated prospect will be drilled and operated by Deep Gulf Energy III and, if successful, it is expected to be tied back to Stone’s […]

  • 4 December 2014

    Stone Energy, a U.S. oil company, has said that its Cardona deep water development project initial production testing started in late November and the two wells (Cardona #4 and #5) have been tested and will be closely monitored with flow rates ramping up over a four week period. The wells are expected to reach a […]

  • 21 November 2017
    Business & Finance

    Boards of Talos Energy and Stone Energy Corporation have approved the combination of the two companies in an all-stock transaction

  • 25 September 2015
    Exploration & Production, Project & Tenders

    Stone Energy Corporation, an independent oil and gas company, has informed that Vernaccia exploration well, in the Gulf of Mexico, is scheduled to spud by early October 2015.  The prospect is operated by Italian company Eni. The Vernaccia exploration well, in Mississippi Canyon Block 35, targets the Miocene interval in a four-way structure. Eni currently has […]

  • 3 August 2016
    Business & Finance

    American oil and gas corporation Stone Energy reduced its capex guidance for 2016 as the loss widened in the second quarter.  In early 2016, Stone’s 2016 capital expenditure budget was authorized at $200 million, excluding rig subsidies or rig stacking expenses that were projected to be approximately $40 million to $50 million. The budget was primarily focused […]

  • 27 January 2015
    Business & Finance, Equipment

    Technip has been awarded by Stone Energy Corporation both a flexible pipe supply contract and an installation contract for the Amethyst field, located on Mississippi Canyon 26, in the Gulf of Mexico.  The first contract includes the detailed engineering, procurement, fabrication, assembly and testing of a 5-inch production static riser (almost 9 kilometers long) as […]

  • 10 January 2013
    Business & Finance

    Stone Energy Corporation announced the promotion of several new executives and organizational changes to allow for a more asset focused organization. Richard L. Toothman is being promoted from Vice President – Appalachia to Senior Vice President – Appalachia, Paul K. Wieg to Vice President – Exploration and Business Development, Kevin G. Hurst to Vice President […]

  • 10 April 2013
    Business & Finance

    Stone Energy  has contracted an ENSCO 8500 series dynamically positioned deep water drilling rig for Stone’s Cardona oil development program at Mississippi Canyon 29. Drilling on the first Cardona well is expected to commence during the second half of 2013 followed by the drilling of the Cardona South well. Stone plans to tie back both […]

  • 8 July 2015
    Business & Finance, Equipment, Operations & Maintenance

    Stone Energy has informed that operations at the Cardona #6 development well, located in Mississippi Canyon block 29, have been proceeding ahead of schedule and below budget, and drilling has been completed through the targeted zones. The well encountered approximately 288 feet of net pay in two intervals, similar to the Cardona #5 net pay […]

  • 6 December 2016

    Stone Energy Corporation is working to restore production from its Amethyst well in the U.S. Gulf of Mexico. However, the company said it might not be able to restore the well to its previous production levels, or at all.  Stone brought the Amethyst well online in late December 2015. The project is a tie-back to […]

  • 1 July 2014
    Business & Finance

    Stone Energy Corporation has announced a definitive agreement to sell its non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC for $200 million in cash and assumed future undiscounted abandonment liabilities estimated at approximately $117 million. These properties represented production volumes of approximately 57 MMcfe per day for the first quarter of 2014 […]

  • 2 May 2018

    Stone Energy has completed the acquisition of the Ram Powell Unit, and related assets in the U.S. Gulf of Mexico, from Shell, ExxonMobil, and Anadarko.

  • 12 September 2013
    Business & Finance, Operations & Maintenance, Project & Tenders

    Subsea 7 S.A. announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico. The contract scope includes engineering, procurement, installation and commissioning of flowlines, risers, pipeline structures, and a gas lift umbilical. Project management and engineering work will commence […]

  • 13 September 2013
    Business & Finance, Equipment, Project & Tenders

    Subsea 7 S.A. announced a contract award by Stone Energy valued in excess of US$70 million for the development of the Cardona field in the U.S. Gulf of Mexico. The contract scope includes engineering, procurement, installation and commissioning of flowlines, risers, pipeline structures, and a gas lift umbilical. Project management and engineering work will commence immediately […]

  • 8 July 2015
    Exploration & Production, Project & Tenders

    Stone Energy Corporation informed that operations at the Cardona #6 development well, located in Mississippi Canyon block 29 in the Gulf of Mexico, have been proceeding ahead of schedule and below budget, and drilling has been completed through the targeted zones.   According to Stone Energy’s press release, the well encountered approximately 288 feet of […]

  • 25 February 2014

    Plans are to flow the Cardona well to the Stone owned and operated Pompano platform with first production in early 2015.