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.
Rough outline of Stone Energy TMS lease area (yellow); TMS wells

1 comment:

  1. Anyone care to speculate 'Why?' on this.