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The Stone Energy Corporation was an American oil and gas corporation based in Lafayette, Louisiana, USA. It was listed on the New York Stock Exchange under the listing SGY. The demise of Stone Energy ultimately was the oilfield crash of 2016 which resulted in oil prices plummeting 60-75$ a barrel. Stone Energy was never able to fully recover from the 2016 crash due to bad drilling decisions from 2013-2016 and the resulting obligations from its attempt to test the waters of deepwater drilling. Stone was predominantly known for platform acquisition and well rework not for drilling.
Stone Energy was acquired by Houston, TX based company Talos Energy on May 10, 2018.
reference| Full Form | Category |
|---|---|
| Finnish Geotechnical Society | Academic & Science |
| Finlands Geotekniska Föreningen | Academic & Science |
| Suomen Geoteknillinen Yhdistys | Academic & Science |
| Stone Energy Corporation | Business |
| Solimar Energy Ltd | Business |
| Galaxy Y | General |
| Seasonal Great Year | General |
| Skagway, Alaska USA | Regional |
Posted on 28 Apr 2022, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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