Stone Energy’s lifting costs
In 2Q16, Stone Energy (SGY) reported lifting costs of ~$10.07 per boe (barrel of oil equivalent), which is ~9% lower than in 2Q15.
Lifting costs (also referred as production costs) are the costs to operate and maintain wells after drilling is complete. Lifting cost is derived by adding LOE (lease operating expenses) to workover costs, transportations costs, and production taxes.
Stone Energy’s lease operating expenses
In 2Q16, SGY’s LOE was $7.13 per boe, which is ~15% higher than in 2Q15. For 2Q16, upstream peers like Denbury Resources (DNR), Diamondback Energy (FANG), and EOG Resources (EOG) had LOEs of $17.04 per boe, $5.57 per boe, and $4.36 per boe, respectively.
Notably, EOG Resources is part of the S&P 500 (SPY).