Stone energy corporation the CEO says that they have been working hard to create the value needed for investors by paying attention to the broad see drill so that it will create cash flow potential for the firm. One of the recent activities that took place is the exploration of Mt. providence and the derbio well that will result in substantial valuation results for years to come. The result that was shown on December quarter reflects that the end income was USD17.1 million which compared to the revenue that was generated that same period it was 22%. 17.6 thousand Boe was the average production of the fourth quarter. That was so effective compared to the Barrel that was equivalent keeping in mind that downtime of the five days that was caused by Hurricane Nate and there was still the shutdown that took place due to the replacement of the compressor engine replacement.
The merge that was to take place with stone energy and Talos Energy LLC the announcement was released in November in 2017. The merge was to take place because both directors of the company signed on all stock transaction that will create the merge of the entity and that will merge so that to come together as off-shore exploration and Talos Energy Inc. The symbol that was to symbolize the merge would be TALO and merge will be listed in the NYSE.
The expenses of transport, gathering, and processing of the year was USD11million in total. The total of depreciation, depletion and amortization cost when added was USD133.8 million. When the expense of salaries, administrative and general was totaled up in the year of 2017 was USD 54.7 which when compared with 2016 there was a 2.55 reduction, and in figure form, it was USD58.7 million. What was included in the salary, general and administrative includes things like cost of restructuring that was involved with the employee reduction that took place in 2017 that led to the rise in workplace severance costs. In the comparison of the Net Derivative expenses of 2016 and 2017, there was an increase as it was USD 0,8million of 2016 and USD 15.2 million in 2017.
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