- Stone Energy (SGY) +7.1% premarket after issuing a strong production update, with estimated Q2 output of 174M cfe/day coming in above the upper end of company guidance.
- SGY says its Appalachian volumes include 21M cfe/day from the Heather and Buddy fields, 11M cfe/day of intermittent production from the Mary field and 4M cfe/day attributed to a one-time adjustment of previous working interest.
- Production from the Mary field resumed in late June after being substantially shut in since last September except for intermittent production, and has averaged more than 75M cfe/day in July; SGY expects Mary rates to exceed 125M cfe/day in August.