2012 Annual Report - Stone Energy Corporation

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Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smallerreporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule12b-2 of the Exchange Act.Large accelerated filer [X] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [ ](Do not check if a smaller reporting company)Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).[ ] Yes [X] NoThe aggregate market value of the voting stock held by non-affiliates of the registrant was approximately $1.2 billion as of June30, 2012 (based on the last reported sale price of such stock on the New York Stock Exchange Composite Tape on that day).As of February 21, 2013, the registrant had outstanding 49,259,243 shares of Common Stock, par value $.01 per share.Documents incorporated by reference: Portions of the Definitive Proxy Statement of Stone Energy Corporation relating to theAnnual Meeting of Stockholders to be held on May 23, 2013 are incorporated by reference into Part III of this Form 10-K.2
TABLE OF CONTENTSPage No.PART IItem 1. Business ...................................................................................................................... 4Item 1A. Risk Factors ................................................................................................................ 10Item 1B. Unresolved Staff Comments ....................................................................................... 20Item 2. Properties .................................................................................................................... 20Item 3. Legal Proceedings ...................................................................................................... 24Item 4. Mine Safety Disclosures ............................................................................................ 25PART IIItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and IssuerPurchases of Equity Securities .............................................................................. 25Item 6. Selected Financial Data .............................................................................................. 28Item 7. Management's Discussion and Analysis of Financial Condition andResults of Operations ............................................................................................ 29Item 7A. Quantitative and Qualitative Disclosures About Market Risk .................................... 38Item 8. Financial Statements and Supplementary Data .......................................................... 39Item 9. Changes in and Disagreements with Accountants on Accounting andFinancial Disclosure .............................................................................................. 40Item 9A. Controls and Procedures ............................................................................................. 40Item 9B. Other Information ....................................................................................................... 42PART IIIItem 10. Directors, Executive Officers and Corporate Governance ......................................... 42Item 11. Executive Compensation ............................................................................................ 43Item 12. Security Ownership of Certain Beneficial Owners and Management and RelatedStockholder Matters .............................................................................................. 43Item 13. Certain Relationships and Related Transactions, and Director Independence ........... 43Item 14. Principal Accounting Fees and Services..................................................................... 43PART IVItem 15. Exhibits, Financial Statement Schedules .................................................................... 44Index to Financial Statements .................................................................................... F-1Glossary of Certain Industry Terms ........................................................................... G-13
Page 1 and 2: 2012 ANNUAL REPORTAccelerating
Page 3 and 4: 2012 Significant EventsEstimated pr
Page 5 and 6: Reserves 2009Reserves 2012Deep Wate
Page 7: UNITED STATESSECURITIES AND EXCHANG
Page 11 and 12: Oil and Gas MarketingOur oil and na
Page 13 and 14: natural gas liquids and other produ
Page 15 and 16: ules could result in significant co
Page 17 and 18: The Drilling Safety Rule, which pre
Page 19 and 20: ecause we operate in the GOM, platf
Page 21 and 22: Lower oil and gas prices and other
Page 23 and 24: Terrorist attacks aimed at our faci
Page 25 and 26: In addition, the United States Cong
Page 27 and 28: December 31, 2012. The 2012 average
Page 29 and 30: Production Volumes, Sales Price and
Page 31 and 32: additional franchise taxes due for
Page 33 and 34: Stock Performance GraphAs required
Page 35 and 36: ITEM 7. MANAGEMENT'S DISCUSSION AND
Page 37 and 38: We had working capital at December
Page 39 and 40: Safety PerformanceWe measure our sa
Page 41 and 42: 2011 Compared to 2010. The followin
Page 43 and 44: Business Combinations. Our acquisit
Page 45 and 46: The following table illustrates our
Page 47 and 48: The Stockholders and Board of Direc
Page 49 and 50: Securities Act, Section 10(b) of th
Page 51 and 52: 4.6 Indenture related to the 1¾% S
Page 53 and 54: 10.24 Additional Warrant Confirmati
Page 55 and 56: INDEX TO FINANCIAL STATEMENTSReport
Page 57 and 58: STONE ENERGY CORPORATIONCONSOLIDATE
Page 59 and 60:
STONE ENERGY CORPORATIONCONSOLIDATE
Page 61 and 62:
STONE ENERGY CORPORATIONCONSOLIDATE
Page 63 and 64:
ASC 260 provides that for contracts
Page 65 and 66:
Stock-Based Compensation:We record
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NOTE 5ACQUISITIONS AND DIVESTITURES
Page 69 and 70:
The following table discloses finan
Page 71 and 72:
The following table illustrates our
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NOTE 9 — ASSET RETIREMENT OBLIGAT
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Our bank credit facility is guarant
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The estimated liability and equity
Page 79 and 80:
Stock Options. There were no stock
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with applicable rules and regulatio
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out of all in-the-money stock optio
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Changes in Standardized MeasureYear
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CONDENSED CONSOLIDATING BALANCE SHE
Page 89 and 90:
CONDENSED CONSOLIDATING STATEMENT O
Page 91 and 92:
Page 93 and 94:
Page 95 and 96:
well; and (ii) through installed ex
Page 97:
Stone Energy Corporation625 East Ka
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2012 Annual Report - Stone Energy Corporation

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