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Stone Energy's CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stone Energy Corporation (SGY)

Q2 2012 Earnings Call

August 2, 2012 11:00 AM ET

Executives

David Welch – Chairman and CEO

Ken Beer – EVP and CFO

Analysts

Michael Greco – Johnson Rice

Brian Lively – Tudor Pickering Holt

Dave Kistler – Simmons & Company

Presentation

Operator

Good morning. My name is Denise, and I’ll be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter 2012 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. (Operator Instructions)

Thank you Mr. David Welch, Chairman and CEO, you may begin your conference.

David Welch

Okay. Thank you very much, Denise, and welcome everyone to our earnings conference call. Joining us this morning is Ken Beer, our Executive Vice President and Chief Financial Officer, and Ken is going to review the highlights of our financial results and then turn it back over to me for some commentary on our operational results and the progress in executing our strategy to invest in margin-advantaged natural gas basins and world-class oil basins. Then we’ll be happy to take your questions.

So, with that, I’ll turn it to you, Ken.

Ken Beer

Well, thank you, Dave. Let me go ahead and being with the forward-looking statement. In this conference call, we may make forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 34. These forward-looking statements are subject to all the risks, uncertainties normally incident to the exploration for and development, production and sales of oil and natural gas. We urge you to read our 2011 Annual Report on Form 10-K and most recent 10-Q for a discussion of the risks that could cause our actual results to differ materially from those in any forward-looking statements we may make today.

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