Stone Energy has been hurting badly for a long time.  They have been flirting with bankruptcy for at least a year.  This summer they re-opened some wells and I thought they might be able to avoid bankruptcy, but the news says otherwise.

As part of the deal, Stone Energy is going to sell it’s Marcellus leases to Tug Hill.  Tug Hill is growing slowly but surely in the northern panhandle of West Virginia.

Any of our clients who have leases with Stone Energy will soon be dealing with Tug Hill.  Nothing should change, as the lease governs the relationship between you and the company, regardless of which company it is.