Stone Energy Corporation announced 2011 year-end estimated reserves, 2012 capital expenditure budget, and 2012 guidance ranges. Stone also provided an operational update. Highlights included:

Estimated Year-end Reserves

Stone's estimated proved reserves as of December 31, 2011 were 100 MMboe (million barrel of oil equivalent) or 602 Bcfe (billion cubic feet of natural gas equivalent), representing an increase of 27% compared to estimated proved reserves of 79 MMboe (474 Bcfe) as of December 31, 2010. The net increase in estimated proved reserves was the result of increases from drilling additions (net ...