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Eagle Ford Operator to Spend Over 450% More in 2018; IDs Budget, Drilling Plans
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Lonestar reported its Q3 2017 results as well as its preliminary 2018 guidance. Highlights include:
Q3 Production: 7,662 BOEPD (up +36% sequentially) Spending Over +450% More in 2018: Lonestar is planning to siginificantly ramp up spending in 2018, noting a preliminary budget of $95-100 million (up +450% from 2017's $17-18 million budget). Well Plans: Drill 14.5-15.6 net wells / Complete 16.3-17.4 net wells Production: Lonestar has IDed a production guidance of 10-10.7 MBOEPD for 2018 (up +34% at the midpoint from 2017)Gen5 Completions Outperform in La Salle County
Lonestar has seen positive results from its improved completion design in La Salle County.
Through 300 days of production our Burns Ranch #9H and #10H have produced over 100,000 barrels of oil, and are…
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