2012 Annual Report - Stone Energy Corporation

2012 Significant EventsEstimated proved reserves increased to 129 MMboe, representing anannual increase of 24 percent and a production replacement of 285 percentIncreased average daily production rate for the year by 15 percent over 2011Acquired remaining 25 percent interest in the deep water Pompano fieldand successfully assumed operatorship of the fieldInitiated production from the La Cantera liquids rich deep gas discoveryAwarded 23 Gulf of Mexico blocks at lease sale 216/222 and enteredinto joint venture deal with Conoco on four deep water prospectsDrilled 23 horizontal wells and fractured 24 wells in the Marcellus shalein West Virginia, doubling production from 2011Completed a $300 million 1¾% Senior Convertible Notes offering due2017, issued $300 million 7.50% Senior Notes due 2022 and retiredour $200 million 2014 Senior Subordinated Notes2012 Annual Report 1