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Stone plugging well, drilling 2 others

3 years 4 months 3 weeks ago January 01, 2014 Jan 1, 2014 Wednesday, January 01 2014 January 01, 2014 1:30 PM in News
Source: Associated Press

LAFAYETTE - Stone Energy Corp. will plug and abandon the deep-water San Marcos prospect in the eastern Gulf of Mexico after the well failed to produce commercial amounts of natural gas.

Stone owns a 25 percent non-operating working interest in the well, which had been drilled to 28,500 feet.

Meanwhile, Stone said its deep-water Amethyst prospect, also in the eastern Gulf, has been drilled to about 15,300 feet with a targeted depth of about 20,000 feet.

Drilling on the deep gas Tom Cat prospect, located off western Louisiana, continues and is at roughly 14,000 feet with a targeted depth of about 16,000 feet.

Stone holds a 100 percent working interest in both projects and expects to reach target depth in late January.

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