Stone Energy Corp., an oil and natural gas producer that’s been in debt restructuring talks with note holders, said it’s negotiating to sell its Appalachian assets in a deal that could fetch $350 million, Bloomberg News reported yesterday. The potential buyer isn’t related to the group of noteholders, to which it has offered $150 million of sale proceeds, the Lafayette, Louisiana-based company said on Tuesday in a filing. Other proceeds would pay down bank debt and provide working capital, according to the filing. Expressions of interest in the assets earlier this year ranged from $250 million to $400 million.
