Stone Energy to Double Marcellus Gas Production in 2012

Stone Energy Corporation yesterday announced its planned capital budget spending plan for 2012. Stone’s projected capital budget is $625 million for the year, of which it plans to spend 30 percent (or $187.5 million) on drilling in the Marcellus Shale.

Magnum Hunter, Stone Energy JV to Drill in Wetzel County WV

Magnum Hunter Resources and Stone Energy yesterday announced a joint venture combining their leased Marcellus acreage in Wetzel County, WV, some 1,925 acres, with the stated objective of drilling 19 new horizontal Marcellus Shale wells in the next two years. From the press release:

Delaware River Basin Commission May Become Roadblock for Drilling in Wayne County, PA and Other Watershed Counties

Delaware River Basic Commission to Hold Public Hearing on Requests from Stone Energy