Stone Energy 3Q14: 35 Marcellus Wells in 2014; 1st Utica Test Well

Stone Energy released their third quarter update on Monday. Stone is an independent oil and natural gas exploration and production company headquartered in Lafayette, LA with additional offices in New Orleans, Houston and Morgantown, WV. Stone is engaged in the acquisition, exploration, and development of properties in the Deep Water Gulf of Mexico, Appalachia (Marcellus & Utica), and the onshore and offshore Gulf Coast. So the northeast is far from the only focus for Stone. We’ve culled through yesterday’s update and have pulled out those references to the Marcellus/Utica. We found that Stone expects to drill “over” 35 wells this year in the Marcellus–and they’ve just drilled their first Utica Shale test well (which will be completed during the fourth quarter of this year)…

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