8-K

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

September 5, 2008
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))

Section 7 – Regulation FD

Item 7.01. Regulation FD Disclosure.

     On September 5, 2008, we issued a press release announcing Hurricane Gustav’s impact on Stone Energy Corporation. 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 foregoing information, 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 and Exhibit 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 a filing.

Section 9 – Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits.

     (d) Exhibits

99.1 Press release dated September 5, 2008, “Stone Energy Corporation Announces Impact from Hurricane Gustav.”

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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.

		STONE ENERGY CORPORATION
Date: September 9, 2008	By:	/s/ J. Kent Pierret
		J. Kent Pierret
		Senior Vice President,
		Chief Accounting Officer
		and Treasurer

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press release dated September 5, 2008, “Stone Energy Corporation Announces Impact from Hurricane Gustav.”

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EX-99.1

Exhibit 99.1

STONE ENERGY CORPORATION
Announces Impact from Hurricane Gustav

LAFAYETTE, LA. September 5, 2008

     Stone Energy Corporation (NYSE: SGY) today provided an update on the impact of Hurricane Gustav on its operations. The adverse weather conditions associated with Hurricane Gustav resulted in substantially all offshore drilling and production activities in the Gulf of Mexico being suspended as of Saturday, August 30^th. Stone safely evacuated all employee and contract personnel prior to the arrival of the storm. Net daily production (including volumes from the acquired Bois d’Arc properties) of approximately 310 million cubic feet of natural gas equivalent (Mmcfe) was shut-in as a result of the hurricane.

     Flyovers of company and certain outside operated properties have begun and based on an initial assessment, all facilities and infrastructure appear to have remained intact. The initial inspections indicate that minimal property damage occurred to some of its facilities. Repairs will begin shortly as Stone had secured railing, grating and other equipment and supplies in advance of the hurricane entering into the Gulf of Mexico. Stone insures selected properties and facilities subject to a deductible; however, Stone does not maintain coverage for business interruption.

     Stone has deployed personnel back to its Gulf of Mexico properties and is beginning to restore production. Factors beyond Stone’s control will affect the timing in fully restoring production even if all the Stone facilities are operational. These factors include the testing and condition of pipelines and gas processing plants operated by third parties, as well as the availability of electrical power to operate third party onshore facilities. Regarding Stone’s drilling program, none of the four contracted rigs were damaged by the storm, and all are progressing toward resumption of operations. Stone expects to provide a further update on its operations and production next week as additional information becomes available.

     Stone Energy is an independent oil and natural gas company headquartered in Lafayette, Louisiana, and is engaged in the acquisition, exploration, exploitation, development and operation of oil and gas properties located primarily in the Gulf of Mexico. For additional information, contact Kenneth H. Beer, Chief Financial Officer, at 337-237-0410-phone, 337-237-0426-fax or via e-mail at CFO@StoneEnergy.com.

     Certain statements in this press release are forward-looking and are based upon Stone’s current belief as to the outcome and timing of future events. All statements, other than statements of historical facts, that address activities that Stone plans, expects, believes, projects, estimates or anticipates will, should or may occur in the future, including future production of oil and gas, future capital expenditures and drilling of wells and future financial or operating results are forward-looking statements. Important factors that could cause actual results to differ materially from those in the forward-looking statements herein include the timing and extent of changes in commodity prices for oil and gas, operating risks and other risk factors as described in Stone’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q as filed with the Securities and Exchange Commission (“SEC”). Should one or more of these risks or uncertainties occur, or should underlying assumptions prove incorrect, Stone’s actual results and plans could differ materially from those expressed in the forward-looking statements.