UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

October 9, 2009
Date of report (Date of earliest event reported)

STONE ENERGY CORPORATION

(Exact Name of Registrant as Specified in Charter)

Delaware		1-12074		72-1235413
(State or Other		(Commission File		(IRS Employer
Jurisdiction of		Number)		Identification No.)
Incorporation)

625 E. Kaliste Saloom Road
Lafayette, Louisiana		70508
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code: (337) 237-0410

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e 4(c))

 

 

Item 7.01. Regulation FD Disclosure.

     On October 13, 2009, we issued a press release which announced that our borrowing base redetermination process has been completed, provided updated production guidance, and provided an operational update. The press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.

     In accordance with General Instruction B.2 of Form 8-K, the information in this report, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 8.01. Other Events.

     On October 9, 2009, we received notice from our bank group that the borrowing base under our bank credit facility will remain at $425 million. The borrowing base under the credit facility is redetermined periodically based on the bank group’s evaluation of the estimated proved oil and gas reserves of Stone and its direct and material indirect subsidiaries. At September 30, 2009, we had $250 million in borrowings outstanding under our bank credit facility and $69 million in outstanding letters of credit, leaving $106 million of borrowings available under our bank credit facility.

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

99.1

Press release dated October 13, 2009, “Stone Energy Corporation Reaffirms Borrowing Base, Increases Third Quarter Production Guidance and Provides Operational Update.”

SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, Stone Energy Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

EXHIBIT INDEX

Exhibit
Number		Description
99.1		Press release dated October 13, 2009, “Stone Energy Corporation Reaffirms Borrowing Base, Increases Third Quarter Production Guidance and Provides Operational Update.”