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Brief -- Stone Energy

Stone Energy Corp. said in its year-end earnings report that it would continue to shut in natural gas production from the Mary Field in West Virginia throughout 2016. The 39,200-acre field is the company's largest in the Appalachian Basin. Low commodity prices and negative differentials forced it to shut in the assets last September and curtail 100-110 MMcfe/d of Marcellus Shale production (see Shale DailySept. 25, 2015). This year's $200 million budget would mostly go toward the company's deepwater Gulf of Mexico assets and maintaining core leasehold interests and maintenance in Appalachia.

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