From Louisiana-based Stone Energy on Monday:
Chairman, President and Chief Executive Officer
For the first quarter of 2014, Stone reported net income of
Net daily production during the first quarter of 2014 averaged 44.8 thousand barrels of oil equivalent (MBoe) per day (269 million cubic feet of gas equivalent (MMcfe) per day), compared with daily production of 50.0 MBoe (298 MMcfe) per day in the fourth quarter of 2013, and daily production of 40.1 MBoe (241 MMcfe) per day in the first quarter of 2013. First quarter of 2014 production was negatively impacted by the sale of some onshore properties in
Prices realized during the first quarter of 2014 averaged
Lease operating expenses during the first quarter of 2014 totaled
Depreciation, depletion and amortization (DD&A) on oil and gas properties for the first quarter of 2014 totaled
Salaries, general and administrative (SG&A) expenses for the first quarter of 2014 were
Capital expenditures before capitalized SG&A and interest during the first quarter of 2014 were approximately
Amberjack Development Drilling Program. Stone expects to secure a platform rig for its Amberjack (
Pompano Development Drilling Program. Stone expects to secure a platform rig for its Pompano (Viosca Knoll 989) drill program. It is anticipated that the rig will become available by mid-2015. The program is expected to consist of four to five development wells.
Walker Ridge 89 - Goodfellow (
West Cameron 176 - Tomcat (
Appalachian Basin - Marcellus Shale (Drilling Program Update). Stone drilled nine Marcellus shale wells and began completions on 14 wells during the first quarter of 2014. By year-end 2014, Stone expects to drill 28 to 32 wells and to complete 30 to 34 wells in the Marcellus shale.
Appalachian Basin - Marcellus Shale (Production Update). During the first quarter of 2014, Stone averaged approximately 87 MMcfe per day (62 MMcf per day of gas and 4,200 barrels per day of liquids) from Stone's Marcellus shale position. During the first quarter of 2014, two wells in the Heather field were brought online. Stone expects to bring an additional four wells in the Heather field online during the second quarter of 2014. Additionally, it is projected that 18 new wells in the Mary field will be brought on production in third quarter of 2014.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.