Stone Energy News

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Stone Energy Corp., of Lafayette, has signed a $67 million deal to buy portions of three Anadarko Petroleum Corp.'s leases in the Gulf of Mexico, southeast of New Orleans.

The objective of the well is to appraise hydrocarbon pay zones already proven in the Paloma Deep-1 well, and to acquire core samples in the target Lower Antelope, Lower Stevens and Fruitvale shale reservoirs.

Gas-focused exploration and production company Stone Energy Corp said it will buy Anadarko Petroleum Corp's working interests in a U.S. Gulf field for $67 million in cash.

Stone Energy Corp., Lafayette, La., has entered a deal to buy various offshore interests in the Gulf of Mexico from Anadarko Petroleum Corp., The Woodlands, Texas for $67 million in cash and the assumption of asset retirement obligations.

Gas-focused exploration and production company Stone Energy Corp posted a first-quarter profit that missed analysts' estimates as operating costs rose.