[1] The demise of Stone Energy ultimately was the oilfield crash of 2016 which resulted in oil prices plummeting $60–75 a barrel.
Stone Energy was never able to fully recover from the 2016 crash due to bad drilling decisions from 2013 to 2016 and the resulting obligations from its attempt to test the waters of deepwater drilling.
Stone was predominantly known for platform acquisition and well rework, not for drilling.
[2][3] It operated in the Appalachian basin and the Gulf of Mexico.
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