NOIA Member Spotlight
Founded in 1993, by James H. Stone, Stone Energy Corporation is an independent oil and natural gas exploration and production company. Based in Lafayette, Louisiana, Stone Energy also has additional offices in New Orleans, Houston and Morgantown.
One of Stone Energy’s most active areas of exploration and development is in the oil-rich fields of the deepwater Gulf of Mexico. Stone holds interests in over 100 lease blocks throughout the Gulf of Mexico. Many of these prospects and projects are in the northern Mississippi Canyon and southern Viosca Knoll regions, approximately 100 miles southeast of New Orleans. Stone’s operations in this area are anchored around the Pompano and Amberjack platforms where they are executing drilling programs and flowing discovered reserves back to the platform for processing. Stone has a portfolio of deep water exploration prospects ranging from smaller tie-backs into existing structures to multi-hundred million barrel targets requiring new infrastructure.
Stone Energy is also an active operator in the Marcellus Shale, a Devonian-age shale formation that was deposited throughout the Appalachian Basin from southern New York throughout central and western Pennsylvania and West Virginia and into eastern Ohio and Kentucky. Using horizontal drilling and slickwater hydraulic fracturing techniques, the Marcellus Shale has now become one of the largest natural gas fields in the world. Stone has been focused primarily in Wetzel County, West Virginia with over 100 operated wells producing liquids-rich natural gas. Additionally, the Utica shale is very prospective on Stone’s lease position and after a successful Utica well in late 2014, the company expects to initiate a Utica development program when commodity prices provide for better economics.
Finally, Stone Energy maintains a “best in class” safety performance based on industry standard metrics. Stone uses responsible and prudent operational practices during every phase of the well – design, drilling, completion, production maintenance and plugging and abandonment – to ensure that the fluids and commodities recovered are properly handled both in the well and on the surface. Stone also collaborates on and stays apprised of best practices that may reduce any potential environmental risks.
Read more about Stone Energy Corporation here.