Stone Energy Corp.

Stone Energy Corp. has retained Merrill Lynch Petrie Divestiture Advisors to sell some or all of its Rockies properties. Stone's Rockies assets are in Wyoming and feature a 50% working interest (41% net revenue interest) in the Pinedale Anticline which includes 26 producing wells, a 17.5% working interest (14.4% net) in the 27,269 gross acres in the Waltman Arch Field and a 62% average working interest (52% average net) in 16 development wells in the Bakken play of the Williston Basin. Stone also expects to divest some Gulf of Mexico and Gulf Coast properties. For more information, contact Kenneth H. Beer, 337-237-0410