|Rough outline of Stone Energy TMS lease area (yellow); TMS wells|
Wednesday, July 25, 2012
Stone Energy Seeks A TMS Buyer
Stone Energy Corporation is soliciting cash offers for its leasehold position in Wilkinson County, Mississippi. Stone has decided to make a strategic exit to focus its exploration and development efforts in other areas of the U.S. Stone currently owns approximately 45,569 gross and 19,240 net acres in Townships 2 North and 3 North, Ranges 1 East, 1 West, 2 West and 3 West. The company has yet to announce the play or drill a well.