Stone Energy Corporation 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.
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