This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stone Energy's CEO Presents At Barclays Capital CEO Energy-Power Conference - Transcript

We have grown our reserves about 20% since 2009, 20% compound annual interest rate our compound growth rate and our reserve base is also becoming more diversified if you were to look back just to the beginning of 2010 or the end of 2009 we had about 80% of our reserves were located in the conventional shelve which is our legacy asset base. We past forward to today, we were about equally spread in three different areas, the conventional shelf is about a third, the Appalachia is about a third, and the Deep Water Gulf of Mexico is about a third. Also our proved developed reserves base, the 27 million barrels I alluded to above, you can see the pie chart on the lower right, that’s about 56% oil and about 4% NGLs and 40% gas. So, we have a slight liquids waiting in our reserve proved producing reserve base.

We are also growing our production and diversifying it. If you look at the picture on the left you see our 2012 production guidance is 41 to 43,000 barrels of oil per day. As you know you just had hurricane Isaac that came through the Gulf of Mexico that has deferred some of our production, we now estimate that we will still be within this range but maybe toward the middle to lower end on the full-year annualized basis.

You see our production by commodity split is about 54% liquids, roughly 50% oil and 4% NGLs and about 46% natural gas. We have been able to also diversify our production base about half of that not quite half of it, it's is from our legacy asset and the other equal amounts basically from Appalachia and from the Deep Water Gulf of Mexico. You can see on the right there, that we have been able to grow our production base at about an 18% rate from last year to this year as well.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs