Stone Energy Corporation (Stone Energy) is an independent oil and natural gas company engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties. The Company is operating in the Gulf Coast Basin. As of December 31, 2012, its estimated proved oil and natural gas reserves were approximately 773 billions of cubic feet equivalents (Bcfe). On June 18, 2012, the Company completed the acquisition of a 25% working interest in the five block deep water Pompano field in Mississippi Canyon, an approximate 14% working interest in Mississippi Canyon Block 29 and a 10% working interest in certain aliquots of Mississippi Canyon Block 72. On July 30, 2014, the Company completed the sale of non-core Gulf of Mexico (GOM) conventional shelf properties to Talos Energy Offshore LLC.