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Balance Sheet Cash Flow Statement 625 E. Kaliste Saloom Rd. Lafayette, LA 70508 LA Tel. 337-237-0410 Fax 337-237-0426 |
Type: Public
On the web:
http://www.stoneenergy.com
Employees:
291
Employee growth: 29.9%
You can't squeeze blood from a stone, but you can squeeze energy. Stone Energy acquires and exploits mature oil and natural gas properties that have high potential. The company, which has estimated proved reserves of 402,600 billion cu. ft. of natural gas equivalent, has 48 producing properties in the Gulf of Mexico. With rising oil prices it has been able to acquire more properties. It has sold the bulk of its Rocky Mountain oil and gas properties in order to focus its energy on targeting reserves and production in the deep shelf and deep water areas of the Gulf of Mexico. In 2008 the company acquired fellow Gulf explorer Bois d'Arc Energy for about $1.7 billion.
Key numbers for fiscal year ending December, 2008:
Sales: $801.0M
One year growth: 6.3%
Net income: ($1,137.2)M
Officers:
Chairman: Richard A. (Rich) Pattarozzi
President, CEO, and Director: David H. Welch
SVP Operations/Exploitation: Jerome F. (Jerry) Wenzel Jr.
Competitors:
Apache
Cabot Oil & Gas
Forest Oil
