Post Tagged with: "SGY"

Surge Energy Exits 2017 with 15,850 BOEPD

Surge Energy Exits 2017 with 15,850 BOEPD

Surge Energy Inc. (ticker: SGY) produced on average 15,675 BOEPD in Q4 2017 and exited 2017 with 15,850 BOEPD. For 2018, the company’s production guidance stands at 16,150 BOEPD.

The company reported adjusted funds flow of $32.17 million, or $0.14 …

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Corporation (ticker: SGY) reported a net income of $17.1 million, or $0.85 per share for Q4 2017. For the full year of 2017, the company reported a net income of approximately $382.7 million.

Net daily production during the …

Stone Energy: Production, Reserves and CapEx Update

Stone Energy: Production, Reserves and CapEx Update

Stone Energy Corporation (ticker: SGY) estimates that its 2018 capital expenditure budget will reach up to $212 million. The budget allocates 36% to exploration, 27% to development and 37% to P&A expenditures.

Interim CEO and President James M. Trimble said, …

Talos Energy LLC to Combine with Stone Energy Corporation

Talos Energy LLC to Combine with Stone Energy Corporation

New company name and NYSE ticker

Talos Energy LLC and Stone Energy Corporation (ticker: SGY) announced today that their boards of directors have unanimously approved the combination of Talos and Stone in an all-stock transaction, creating an offshore-focused E&P company. …