8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): July 12, 2004

STONE ENERGY CORPORATION
(Exact Name of Registrant as Specified in Charter)

                                      Delaware                                         1-12074                              72-1235413
                        (State or Other Jurisdiction                  (Commission File                    (I.R.S. Employer
                     of Incorporation or Organization)                  Number)                          Identification No.)

                              625 E. Kaliste Saloom Road                                                                        70508
                                    Lafayette, Louisiana                                                                             (Zip Code)
                   (Address of Principal Executive Offices)

Registrant's Telephone Number, Including Area Code:  (337) 237-0410

Item 7.   FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS

(c)	Exhibits.
Exhibit Number		Description
99.1		Press Release dated July 12, 2004, "Stone Energy Corporation Announces Sale of Non-Core Properties in Rocky Mountains"

Item 9.   REGULATION FD DISCLOSURE

        The registrant issued a press release dated July 12, 2004, which is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

        In accordance with General Instruction B.2 of Form 8-K, the foregoing information, including Exhibit 99.1, shall not be deemed filed for the purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall such information and Exhibit be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such a filing.

SIGNATURE

        Pursuant to the requirements of the Securities Exchange Act of 1934, Stone Energy Corporation has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

STONE ENERGY CORPORATION

Date: July 13, 2004	By:                           /s/ James H. Prince
	James H. Prince Executive Vice President and Chief Financial Officer

EXHIBIT INDEX
Exhibit Number	Description
99.1	Press Release dated July 12, 2004, "Stone Energy Corporation Announces Sale of Non-Core Properties in Rocky Mountains"

EX-99

Exhibit 99.1

STONE ENERGY CORPORATION
Announces Sale of Non-Core Properties in Rocky Mountains

NYSE — SGY
LAFAYETTE, LA. July 12, 2004

        Stone Energy today announced the sale of its interests in 21 non-core properties located in various regions of the Rocky Mountains for approximately $8 million. The transaction, which has an effective date of June 1, 2004, closed on July 6, 2004; therefore, the reserves and production associated with these properties will remain on Stone’s books as of June 30, 2004. The divested properties comprise approximately one percent of Stone’s total estimated proved reserves at December 31, 2003 and included approximately 28% of Stone’s well count in the Rockies. At the time of the sale, Stone estimates that average net daily production from the 21 fields was less than 2.0 million cubic feet of natural gas equivalents. All of the divested properties were held by Stone’s wholly owned subsidiary, Stone Energy, L.L.C.

        “Even though this divestiture will cause a slight decrease in proved reserves and production, the divestiture is strategically important to Stone enabling a more intense focus on projects that have a more material impact on our long-term reserves and production profiles” stated David H. Welch, President and Chief Executive Officer. “We are delighted by the swift execution of this sale and current opportunities that exist to redeploy this capital.”

        Stone Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition and subsequent exploitation, development and operation of oil and gas properties located in the Gulf Coast Basin and Rocky Mountains. For additional information, contact James H. Prince, Chief Financial Officer, at 337-237-0410-phone, 337-237-0426-fax or via e-mail at princejh@StoneEnergy.com.

        Certain statements in this press release are forward-looking and are based upon Stone Energy’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that Stone Energy plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future, including future production of oil and gas, future capital expenditures and drilling of wells and future financial or operating results, are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include the timing and extent of changes in commodity prices for oil and gas, operating risks and other risk factors as described in Stone Energy’s Annual Report on Form 10-K as filed with the Securities and Exchange Commission. Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Stone Energy’s actual results and plans could differ materially from those expressed in the forward-looking statements.