0001193125-13-123394.txt : 20130325 0001193125-13-123394.hdr.sgml : 20130325 20130325084754 ACCESSION NUMBER: 0001193125-13-123394 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20130321 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20130325 DATE AS OF CHANGE: 20130325 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: 13712813 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 d506769d8k.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

March 21, 2013

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 March 21, 2013, we issued a press release announcing the results of our participation in the Outer Continental Shelf Lease Sale 227 held on Wednesday, March 20, 2013 by the Bureau of Ocean Energy Management. 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 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 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 March 21, 2013, “Stone Energy Corporation Announces Apparent High Bid on 11 Gulf of Mexico Blocks.”

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: March 25, 2013     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 March 21, 2013, “Stone Energy Corporation Announces Apparent High Bid on 11 Gulf of Mexico Blocks.”
 EX-99.1 2 d506769dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

STONE ENERGY CORPORATION

Announces Apparent High Bid on 11 Gulf of Mexico Blocks

LAFAYETTE, LA. March 21, 2013

Stone Energy Corporation (NYSE: SGY) today announced the results of its participation in the Outer Continental Shelf Lease Sale 227 held Wednesday, March 20, 2013 by the Bureau of Ocean Energy Management (“BOEM”) in New Orleans covering available blocks in the Central Gulf of Mexico. Stone submitted the apparent high bid (“AHB”) on 11 offshore blocks. Stone’s share of the lease bonuses for the 11 AHBs totaled approximately $38.4 million. The lease acquisitions are expected to add approximately 62,732 gross acres and 46,796 net acres to Stone’s leasehold inventory. The AHBs are subject to a review process by the BOEM before they can be awarded.

The AHB on each block is indicated below:

 

Block

    AHB      SGY WI%     SGY Share  

Green Canyon 865*

    $ 3,597,025         100 %    $ 3,597,025   

Green Canyon 991*

      12,152,021         50 %      6,076,011   

Green Canyon 992*

      8,152,021         50 %      4,076,011   

Mississippi Canyon 71*

      5,905,021         100 %      5,905,021   

Mississippi Canyon 197*

      689,970         100 %      689,970   

Mississippi Canyon 198*

      689,970         100 %      689,970   

Mississippi Canyon 210*

      3,955,555         100 %      3,955,555   

Mississippi Canyon 303*

      2,755,000         50 %      1,377,500   

Mississippi Canyon 389*

      2,605,555         33 %      868,519   

Ship Shoal 92

      209,555         100 %      209,555   

Viosca Knoll 959*

      27,309,190         40 %      10,923,676   
       

 

 

  
        $ 38,368,813   
       

 

 

  

 

* Indicates deep water block

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 oil 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, 337-521-2072 fax or via e-mail at CFO@StoneEnergy.com.