Stone Energy looks to sell assets in West Virginia and Pennsylvania

Oil and natural gas company Stone Energy said in a filing with the U.S. Securities and Exchange Commission (SEC) that it is in talks to sell 90,000 acres of its leasehold interests in the Marcellus shale  play in West Virginia and Pennsylvania, reports the Pittsburgh Business Times. The newspaper says the Louisiana-based company disclosed it has started negotiations to sell its Appalachian assets to a third party amid a potential refinancing or restructuring plan outlined in the SEC filing. Stone said the assets could sell for $350 million. For more, read the full story.

Pennsylvania, West Virginia