<ARTICLE>                     5
<LEGEND>
     This schedule contains summary financial information extracted from the
consolidated balance sheet of Stone Energy Corporation as of March 31, 1999
and the related statement of operations for the three months ended March 31, 
1999 and is qualified in its entirety by reference to such financial statements.
</LEGEND>
                         
                        
<MULTIPLIER>                                   1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                              DEC-31-1999
<PERIOD-START>                                 JAN-01-1999
<PERIOD-END>                                   MAR-31-1999
<CASH>                                         12,987
<SECURITIES>                                   17,009
<RECEIVABLES>                                  19,888
<ALLOWANCES>                                   0
<INVENTORY>                                    0
<CURRENT-ASSETS>                               49,936
<PP&E>                                         10,992
<DEPRECIATION>                                 1,871
<TOTAL-ASSETS>                                 367,411
<CURRENT-LIABILITIES>                          39,897
<BONDS>                                        100,000
<PREFERRED-MANDATORY>                          0
<PREFERRED>                                    0
<COMMON>                                       151
<OTHER-SE>                                     107,099
<TOTAL-LIABILITY-AND-EQUITY>                   367,411
<SALES>                                        30,490
<TOTAL-REVENUES>                               30,922
<CGS>                                          0
<TOTAL-COSTS>                                  23,131
<OTHER-EXPENSES>                               1,287
<LOSS-PROVISION>                               0
<INTEREST-EXPENSE>                             3,814
<INCOME-PRETAX>                                2,690
<INCOME-TAX>                                   944
<INCOME-CONTINUING>                            1,746
<DISCONTINUED>                                 0
<EXTRAORDINARY>                                0
<CHANGES>                                      0
<NET-INCOME>                                   1,746
<EPS-PRIMARY>                                  0.12
<EPS-DILUTED>                                  0.11