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

October 4, 2007
Date of report (Date of earliest event reported)

STONE ENERGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

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

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

Registrant’s telephone number, including area code: (337) 237-0410

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

TABLE OF CONTENTS

	Item 7.01. Regulation FD Disclosure.
	Item 9.01. Financial Statements and Exhibits.
SIGNATURE
EXHIBIT INDEX
Press Release

Section 7 — Regulation FD

Item 7.01. Regulation FD Disclosure.

     On October 4, 2007, we issued a press release announcing the results of our participation in the Outer Continental Shelf Sale 205 held by the Minerals Management Service. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

     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 (“Exchange Act”) 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 or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Section 9 — Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

99.1 Press release dated October 4, 2007, “Stone Energy Corporation Announces Apparent High Bid on Sixteen Gulf of Mexico Blocks.”

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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: October 5, 2007	By:	/s/ J. Kent Pierret
		J. Kent Pierret
		Senior Vice President, Chief Accounting Officer and Treasurer

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press release dated October 4, 2007, “Stone Energy Corporation Announces Apparent High Bid on Sixteen Gulf of Mexico Blocks.”

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EX-99.1

Exhibit 99.1

STONE ENERGY CORPORATION
Announces Apparent High Bid on Sixteen Gulf of Mexico Blocks

LAFAYETTE, LA. October 4, 2007

     Stone Energy Corporation (NYSE: SGY) today announced the results of its participation in the Outer Continental Shelf Sale 205 held yesterday by the Minerals Management Service (“MMS”) in New Orleans covering available blocks in the central Gulf of Mexico. Stone submitted the apparent high bid (“AHB”) on sixteen offshore blocks. The AHBs are subject to a review process by the MMS before they can be awarded.

     Stone’s share of the lease bonuses for the sixteen AHBs totaled approximately $12.9 million. Stone would acquire a 100% working interest on ten of the blocks, a 33% working interest on five blocks (joint bid with Anadarko E&P), and a 50% working interest on one block (joint bid with Samson Offshore). Subject to the MMS’s review process, the lease acquisitions will add approximately 85,239 gross acres and 63,728 net acres to Stone’s inventory.

     Richard L. Smith, Vice President of Exploration and Business Development stated, “We are pleased with the results of the lease sale. These new leases will complement the existing Stone portfolio of assets and provide a foundation for growth for our company.”

     The AHB on each block is indicated below:

Block	AHB		SGY WI%			SGY Share
Garden Banks Block 77*	$	2,218,840		33	%	$	739,612
Garden Banks Block 78*		984,960		33	%		328,320
Lloyd Ridge Block 318*		3,173,760		33	%		1,057,919
Lloyd Ridge Block 361*		261,450		33	%		87,150
Lloyd Ridge Block 362*		261,450		33	%		87,150
Mississippi Canyon Block 64*		355,555		100	%		355,555
Mississippi Canyon Block 154*		575,555		100	%		575,555
Mississippi Canyon Block 364*		2,255,555		100	%		2,255,555
Mississippi Canyon Block 427*		4,250,016		100	%		4,250,016
South Pass Block 96		655,555		100	%		655,555
Ship Shoal Block 285		350,750		100	%		350,750
Ship Shoal Block 287		535,750		100	%		535,750
Ship Shoal Block 304		350,750		100	%		350,750
Vermilion Block 216		437,500		50	%		218,750
Vermilion Block 248		350,750		100	%		350,750
Viosca Knoll Block 818*		729,750		100	%		729,750
						$	12,928,887

* Indicates deepwater block.

     Stone Energy is an independent oil and natural gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties located primarily in the Gulf of Mexico. Stone is also engaged in an exploratory joint venture in Bohai Bay, China. For additional information, contact Kenneth H. Beer, Chief Financial Officer, at 337-237-0410-phone, 337-237-0426-fax or via e-mail at CFO@StoneEnergy.com.

Certain statements in this press release are forward-looking and are based upon Stone’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 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’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’s actual results and plans could differ materially from those expressed in the forward-looking statements.