NEW YORK ( The Deal) -- Stone Energy (SGY - Get Report) said in a regulatory filing Wednesday, July 24, that it had engaged a financial adviser to market its properties in the shallow waters of the Gulf of Mexico and onshore Louisiana. Although the Lafayette, La.-based Stone didn't reveal the name of the adviser, sources said Adrian Goodisman, managing director at Scotia Waterous, a unit of Scotiabank, is leading the sale.Stone said the properties' production made up 24% of its overall production in the second quarter and 12% of its estimated proved reserves as of Dec. 31. The company said the sale is subject to market conditions and there is no assurance that it will be completed, in whole or in part, by any particular time.
The Deal: Stone Energy Hires Scotia Waterous to Sell Gulf Assets
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