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Lonestar Touts 59% Production Increase for 2017; 7,200 BOEPD
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Lonestar Resources reported its year end 2017 results.
Highlights: Lonestar reported a 59% increase in net oil and gas production to 7,272 Boe/d during the three months ended December 31, 2017, compared to 4,560 Boe/d for the three months ended December 31, 2016. The increase in production was attributable to the contribution from the drilling of new Eagle Ford Shale wells and additions to production associated with our acquisition of producing properties in June, 2017. Lonestar issued production guidance of 7,550 to 7,650 Boe/d for the first quarter of 2018. Of note is that Lonestar estimates that March production benefitted partially from the addition of the Company's Horned Frog wells, and estimates that March 2018 production will rise to an average of 8,350 to 8,450 Boe/d and that…- ✓ Full news archive — U.S., Canada & international coverage
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