Stone CEO Welch to address API
The president and CEO of Stone Energy Corp. will discuss exploration and production during the Atchafalaya Chapter of the American Petroleum Institute’s monthly meeting Tuesday.
David H. Welch will address the group during the dinner, which begins at 7 p.m. at the Petroleum Club of Morgan City.
A social will precede the dinner at 6:30 p.m. The social is sponsored by C&D Production Specialist, Laborde Marine, New Industries, Paul’s Agency, Progress Machine, United Vision Logistics and Whitney National Bank.
M C Bank & Trust Co. sponsors a Visa gift card that will be given to a member in attendance.
Welch joined Stone Energy in mid 2004 and since has repositioned the company for long-term profitable growth in the Gulf Coast, Appalachia and other onshore oil.
Stone now has an extensive prospect inventory in the Gulf of Mexico, owning 156 outer continental shelf blocks that includes 66 deepwater blocks, as well as more than 83,000 net acres in Appalachia and 73,000 net acres in other onshore areas.
Prior to joining Stone, Welch held many executive positions with Amoco and later BP.
He studied petroleum engineering at LSU and Colorado School of Mines, economics and chemical engineering at Tulane and business at Harvard. He completed a doctoral dissertation entitled “World Oil Market Economics.”
He has testified on multiple occasions before the U.S. Senate on energy-related issues.
He serves as a director of Stone Energy Corp. and Iberia Bank Corp., past chairman of the Offshore Energy Center, an executive director of the National Ocean Industries Association, a trustee of the Nature Conservancy, past chairman of the Greater Lafayette Chamber of Commerce, a director of Louisiana Association of Business and Industry, and serves as 2011 chairman of the United Way of Acadiana.