Stone Energy is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. Co. operates in the Gulf Coast Basin and outside of the shelf of the Gulf of Mexico. Co. also has onshore oil and gas shale activities on the Marcellus Shale in Appalachia. As of Dec 31 2012, Co.'s estimated proved reserves for oil, natural gas liquids, and natural gas were 45.0 million barrels, 18.1 million barrels, and 395.37 billion cubic feet, respectively, amounting to a total oil, natural gas, and natural gas liquids reserve of 773.29 billion cubic feet of natural gas equivalent.
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