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Lonestar's Eagle Ford Projects Boost Production +44% from 1Q18; Exceeds Type Curves
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Lonestar Resources reported its Q2 2018 results.
Production Jumps +44% from 1Q18; +98% YOY- Q2 production of 11.1 MBOEPD (up +98% YOY and up +44% from 1Q18)
Production volumes exceeded the high end of the Company's guidance of 10,000 - 10,500 Boe/d, and were 79% crude oil and NGL's on an equivalent basis. The increase in production was attributable to continued excellence in our drilling and completion program that has seen greater-than-expected well productivity at our Hawkeye, Horned Frog and Karnes properties in the Eagle Ford Shale. Horned Frog - Better Than Expected ProductionFurther expanded its Eagle Ford Shale footprint by completing its first two locations at Horned Frog North West. The Horned Frog North West #2H and #3H commenced flowback operations in June, 2018.
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