LAFAYETTE, La., Feb. 27, 2017 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone" or the "Company") today announced the close of the sale of its Appalachia properties. On February 27, 2017, Stone completed its previously announced disposition of approximately 86,000 net acres in the Appalachian regions of Pennsylvania and West Virginia [...]
Stone Energy today announced that the Company received approval to list its new common stock with the new CUSIP number 861642 403 on the New York Stock Exchange under the same NYSE ticker symbol "SGY" as the existing shares of the Company's issued common stock, in connection with its anticipated emergence from chapter 11 reorganization in [...]
LAFAYETTE, La., Feb. 23, 2017 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone" or the "Company") today announced financial and operational results for the fourth quarter of 2016. Some items of note from the fourth quarter of 2016 and early 2017 include: Production volumes exceeded the upper end of fourth quarter 2016 guidance Confirmation [...]
LAFAYETTE, La., Feb. 15, 2017 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of Texas (the "Bankruptcy Court") issued an order confirming Stone's Second Amended Joint Prepackaged Plan of Reorganization of Stone Energy Corp. and its Debtor [...]
LAFAYETTE, La., Feb. 8, 2017 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone" or the "Company") today announced the results of the auction for the sale of all of its approximately 86,000 net acres in the Appalachia regions of Pennsylvania and West Virginia (collectively, the "Properties"), including approximately 53,000 core net Marcellus [...]
Stone Energy today announced resolution of a motion to appoint an equity committee, updated the status of the restructuring plan solicitation and announced the bankruptcy court's approval of Stone's First Day Motions. Resolution of Equity Committee Motion On December 16, 2016, an ad hoc group of certain of Stone's stockholders (the "Stockholder [...]
Stone Energy and its domestic subsidiaries, today announced that they had filed voluntary petitions under chapter 11 of title 11 of the United States Code in the United States Bankruptcy Court for the Southern District of Texas to pursue a pre-packaged plan of reorganization in accordance with its previously announced comprehensive balance sheet [...]
LAFAYETTE, La., Dec. 9, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone") and certain of its subsidiaries (collectively, the "Company"), today announced extensions to a restructuring support agreement, a purchase and sale agreement and a credit agreement. Fourth Amendment to Restructuring Support Agreement On October 20, 2016, Stone and [...]
LAFAYETTE, La., Dec. 5, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) ("Stone") today announced an operational update on its Amethyst well. As previously reported, production from Stone's Amethyst well (the "Well") was shut in during late April 2016 to allow for a technical evaluation. During the first week of November, we initiated acid [...]
LAFAYETTE, La., Nov. 7, 2016 Stone Energy Corp. (NYSE: SGY) today announced financial and operational results for the third quarter of 2016. Some items of note include: Production volumes exceeded the upper end of third quarter 2016 guidance Execution of a restructuring support agreement with noteholders Execution of a purchase and sale agreement [...]
Stone Energy today announced entry into a comprehensive restructuring support agreement and a purchase and sale agreement for its properties in the Appalachia basin. Restructuring Support Agreement As previously disclosed, Stone Energy has been involved in discussions with certain of its stakeholders in respect of a possible restructuring of the [...]
LAFAYETTE, La., Aug. 2, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced financial and operational results for the second quarter of 2016. Some items of note include: Production volumes exceeded the upper end of second quarter 2016 guidance Bank credit agreement amendment included $360 million borrowing base and covenant relief [...]