Stone Energy Corporation is Apparent High bidder on 25 Gulf of Mexico Blocks

Friday, March 21, 2008

Stone Energy Corporation, an independent oil and natural gas company headquartered in Lafayette, Louisiana, reports that the company was the high bidder in the Outer Continental Shelf Sale 206, covering 25 offshore blocks in the central Gulf of Mexico.

The company said that its share of the lease bonuses for the 25 apparent high bid totaled approximately USD43m. The acquisition of the lease will add approximately 140,511 gross acres and 79,338 net acres to its leasehold inventory.

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