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Lonestar Details 2015 Eagle Ford Drilling Program
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Lonestar Resources has unveiled its 2015 drilling and completions plans.
While the Company continues to monitor returns in light of evolving oil prices and energy service costs, Lonestar currently intends to run a one-rig program in 2015, with a goal of closely matching its drilling capital expenditures with cash flow from operations. After making an initial assessment of its liquidity at Strip prices and its ability to obtain cost reductions from its energy services providers, Lonestar has set a budget of 15 Eagle Ford Shale wells during 2015.
Presently, Lonestar expects its 2015 Eagle Ford Shale drilling and completion program to cost between $74 and $83 million, net to the Company. The schedule below reflects the 15 wells Lonestar will drill and complete in 2015, 15 of which will…
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