0001193125-12-382163.txt : 20120906 0001193125-12-382163.hdr.sgml : 20120906 20120906102615 ACCESSION NUMBER: 0001193125-12-382163 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20120904 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20120906 DATE AS OF CHANGE: 20120906 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STONE ENERGY CORP CENTRAL INDEX KEY: 0000904080 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 721235413 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12074 FILM NUMBER: 121075885 BUSINESS ADDRESS: STREET 1: 625 E KALISTE SALOOM RD CITY: LAFAYETTE STATE: LA ZIP: 70508 BUSINESS PHONE: 3182370410 MAIL ADDRESS: STREET 1: 625 E KALISTLE SALOOM RD CITY: LAFAYETTE STATE: LA ZIP: 70508 8-K 1 d407258d8k.htm FORM 8-K Form 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

September 4, 2012

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:

 

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

 

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

 

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

 

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

 

 

 

Item 7.01. Regulation FD Disclosure.

On September 4, 2012, we issued a press release announcing Hurricane Isaac’s impact on Stone Energy Corporation. 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 information in this report, 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, including Exhibit 99.1, 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 filing.

 

Item 9.01. Financial Statements and Exhibits

(d) Exhibits:

 

                99.1    Press release dated September 4, 2012, “Stone Energy Corporation Announces Update of Impact of Hurricane Isaac.”

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: September 6, 2012   By:  

/s/ J. Kent Pierret

   

J. Kent Pierret

Senior Vice President,

Chief Accounting Officer

and Treasurer

EXHIBIT INDEX

 

Exhibit
Number

   

Description

99.1    Press release dated September 4, 2012, “Stone Energy Corporation Announces Update of Impact of Hurricane Isaac.”
 EX-99.1 2 d407258dex991.htm PRESS RELEASE Press Release

Exhibit 99.1

STONE ENERGY CORPORATION

Announces Update of Impact of Hurricane Isaac

LAFAYETTE, LA. September 4, 2012

Stone Energy Corporation (NYSE: SGY) today provided an update of the impact of Hurricane Isaac. All major facilities have been safely visited and re-manned. Damage to Stone’s facilities across the Gulf of Mexico (GOM) appears to be very minor with no significant issues or problems.

Prior to the storm, Stone Energy Corporation’s daily production rate was approximately 35,000 barrels of oil equivalent (boe) from the GOM and 8,500 boe from Appalachia. Stone began shutting in and de-manning platforms in response to Hurricane Isaac on August 26 and by August 28 virtually all of the GOM production was shut-in. Following the storm, Stone began returning its fields to production. As of September 3, GOM daily production was approximately 18,000 boe with the remaining production being brought back on line as third party facilities allow. The Amberjack and Pompano fields remain shut-in waiting on onshore processing facilities, but expect to resume production during the next few days.

Stone’s current average daily rate of production, including the Marcellus shale production, is approximately 27,000 boe. The quarterly impact on production guidance is estimated to be approximately 2,000 – 4,000 boe per day, lowering the quarterly guidance to 38,000 – 40,000 boe per day assuming no further storm disruptions. Annual production now may be on the lower end of the current annual guidance of 41,000 – 43,000 boe per day range (245-260 Mmcfe per day).

Forward Looking Statement

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, liquidity risks, political and regulatory developments and legislation, including developments and legislation relating to our operations in the Gulf of Mexico and Appalachia, and other risk factors and known trends and uncertainties as described in Stone’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the SEC. 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.

Stone Energy is an independent oil and natural gas exploration and production company headquartered in Lafayette, Louisiana with additional offices in New Orleans, Houston and Morgantown, West Virginia. Our business strategy is to leverage cash flow generated from existing assets to maintain relatively stable GOM shelf production, profitably grow gas reserves and production in price-advantaged basins such as Appalachia and the Gulf Coast Basin, and profitably grow oil reserves and production in material impact areas such as the deep water GOM and onshore oil. For additional information, contact Kenneth H. Beer, Chief Financial Officer, at 337-521-2210 phone, 337-521-9880 fax or via e-mail at CFO@StoneEnergy.com.