LAFAYETTE, La., June 29, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced the termination of an existing long term deep water rig commitment and the execution of a new interim Appalachian midstream contract. Stone and Ensco have agreed to terminate Stone's current contract with Ensco for total consideration of $20 million [...]
LAFAYETTE, La., June 13, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced that at the close of business on June 10, 2016, it effected a 1-for-10 reverse stock split. Every 10 shares of Stone's issued and outstanding common stock were automatically converted into one share of common stock. Stone's common stock will begin trading [...]
LAFAYETTE, La., June 1, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced that the Board of Directors of Stone has approved a 1-for-10 reverse split of its issued and outstanding shares of common stock. The 1-for-10 reverse stock split will be effective upon the filing and effectiveness of a certificate of amendment to Stone's [...]
LAFAYETTE, La., May 20, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced the receipt of formal notice of non-compliance with the New York Stock Exchange ("NYSE") market capitalization listing standard. On May 17, 2016, we were notified by the NYSE that our average global market capitalization has been less than $50 million over a [...]
LAFAYETTE, La., May 19, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced the rescission of notice letters received from the Bureau of Ocean Energy Management ("BOEM"). As previously disclosed, in March of 2016, Stone received notice letters from BOEM stating that BOEM had determined that Stone no longer qualified for a [...]
LAFAYETTE, La., May 4, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced financial and operational results for the first quarter of 2016. Some of the highlights include: Production volumes exceeded the upper end of first quarter of 2016 guidance The four Cardona wells are currently producing gross volumes of approximately 20,000 [...]
NEW YORK, April 27, 2016 /PRNewswire/ -- Quorum Health Corporation (NYSE:QHC) will replace Stone Energy Corp. (NYSE:SGY) in the S&P SmallCap 600 after the close of trading on Monday, May 2. S&P MidCap 400 constituent Community Health Systems (NYSE:CYH) is spinning off Quorum Health in a transaction expected to be completed on Friday, April 29. Post [...]
LAFAYETTE, La., April 19, 2016 /PRNewswire/ -- In support of Stone's recent announcement of the retention of professionals to assist in analyzing and considering financial, transactional and strategic alternatives, the Independent Directors of Stone's Board of Directors recently named current board member David T. Lawrence as a Special Liaison of [...]
LAFAYETTE, La., April 14, 2016 /PRNewswire/ -- Stone Energy Corp. ("Stone") today announced an update on its first quarter operational activities and its borrowing base redetermination. First quarter results are expected to be reported in early May 2016. Production for the first quarter of 2016 was approximately 34 MBoe (or 204 MMcfe) per day [...]
LAFAYETTE, La., March 10, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced that it has borrowed $385 million under Stone's Bank Credit Facility, which represents substantially all of the remaining undrawn amount that was available under the Credit Facility. These funds are intended to be used for general corporate purposes. As of [...]
LAFAYETTE, La., Feb. 22, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE: SGY) today announced financial and operational results for the fourth quarter and year-end of 2015. Some of the highlights include: Average daily production for the fourth quarter of 2015 was 24 MBoe per day, or 145 MMcfe per day, which was impacted by the shut-in of the Mary [...]
LAFAYETTE, La., Feb. 19, 2016 /PRNewswire/ -- Stone Energy Corp. (NYSE:SGY) today announced it plans to report fourth quarter and year end 2015 earnings results on Monday, February 22, 2016, after the market close. The release will provide year end reserves results, financial and operational results, and provide production and expense guidance for [...]
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