In yet another sign that it is continuing to bounce back from its legal and financial troubles, Lafayette-based Stone Energy is buying a Houston energy company, Bois d'Arc Energy Inc., in a deal valued at approximately $1.8 billion.
The combined entity be one of the largest Gulf of Mexico-focused operating companies, with a solid production base, strong portfolio for continued development of proved and probable reserves, and an extensive inventory of exploration opportunities.
Under the terms of the agreement, Bois d'Arc Energy shareholders will receive $13.65 in cash and 0.165 shares of Stone common stock for each share of Bois d'Arc common stock.
An independent oil and gas company, Stone Energy earned $181.4 million in 2007, compared with a loss of $254.2 million in 2006 (during the fourth quarter of 2006, Stone took a $330.5 million accounting writedown).
While Stone's stock price dropped to the high 20 range in early 2007, it has since been on the rebound -- its recent high closing of $68.74 occurring Monday.
A Lafayette man with an alleged taste for child porn was busted Thursday evening during a cyber crime sting launched by the Attorney General’s Office.
We’re in the second year of the second term of the first black president of the United States. And so it might seem that as Americans, as a nation, we have come a long way. And perhaps we have. But the recent killing of Michael Brown in Ferguson, Mo., left me angry and sad. Here we go again, I thought.
U.S. Rep. Vance McAllister says his chief of staff is on temporary leave after being booked with drunken driving.
A federal appeals court in New Orleans has upheld a federal safety board's right to investigate the role of Transocean Deepwater Drilling Corp. in the 2010 Gulf of Mexico oil disaster.
It was a rare moment in Congress this week as Republicans briefly put aside partisanship in support of President Barack Obama's request to train and arm Syrian rebels, and while a number of Democrats opposed the measure, Louisiana's Democratic Sen. Mary Landrieu found herself on the same side of the issue as her Republican challenger Rep. Bill Cassidy.
Home Depot breach bigger than Target; Alibaba IPO could be big; Rivers' last project and more national and international news for Friday, September 19, 2014.
Friday's Blogs from the Bog!
In what world does it make sense to balance the budget for a public school system by cutting schools from the poorest neighborhoods?
A supporter of a lawsuit against the oil industry has been re-nominated to a seat on a south Louisiana flood control board despite opposition from Gov. Bobby Jindal.
City-Parish President Joey Durel is asking the council to sign off on a resolution approving a pair of deals that would lead to razing the seedy Lesspay Motel at Four Corners to build a new police substation as well as transforming nearly a block Downtown where the old federal courthouse building now molders into a mixed-use development.
Two bedroom cottage or four bedroom traditional
D.A. Mike Harson gets a gift from a federal judge as he tries to hang onto his job.
Acadiana's nightlife guide.
The eclectic beauty of modern, prints, boho
In 2013, the IRS — already the least popular governmental agency in the country — became the target of intense investigations after it was revealed that they had specifically and improperly scrutinized applications for tax-exempt status from organizations associated with the nascent Tea Party movement.
The nominating committee for the Southeast Louisiana Flood Protection Authority-East was set Thursday to nominate applicants for two people on the board whose terms have expired.
Improving the running game was "a point of emphasis" during the offseason and the results have manifested themselves in the form of substantially greater production.
Louisiana's health department said Wednesday that its evaluation of the state's Medicaid privatization was on target, despite criticism from the legislative auditor that it lacked key data and contained inconsistencies.
Restaurant could see ‘a little facelift,’ Bobby Butcher tells Daily Report.
Seriously, dude, we do. And since you’re ailing we thought we’d throw you a get-better-soon party.
Boho alive and well in every shape
Three bedroom River Oaks traditional or three bedroom Country Estates traditional home
The feds converge on your office, seizing records on several employees as part of a pay-for-plea investigation. WWYD? If you’re Mike Harson, you give yourself a $12k raise.
Attorney General Buddy Caldwell says he won't approve a Cameron Parish Police Jury resolution to hire outside attorneys for such a lawsuit until the resolution is amended. Caldwell's Sept. 15 letter says the resolution must make clear that those attorneys will represent the parish alone — not the state.
Acadiana's nightlife guide.
It’s football season and after back-to-back winless weekends for the Saints and the Cajuns many citizens are finding it difficult to be civil much less happy. Well, chew on this.
Considering his repeated stays in the local penal system, David Narcisse Jr. should have known that having a semiautomatic shotgun, even one given to him by a friend, wasn’t the brightest of ideas.
A state district judge on Tuesday threw out a last-minute retirement hike lawmakers gave to the state police superintendent, ending a political firestorm over a pension boost passed without public scrutiny on the last day of the legislative session.
The House has passed a bill to increase oversight of veterans' hospitals under construction, following a report that some medical centers take three years longer to complete than estimated and cost an extra $366 million per project.
Michelle D. Lavergne, who worked for the Lafayette law office of L. Clayton Burgess for 13 years, faces up to 10 years in prison.