Lonestar Resources US, Inc. Third Quarter 2017 Conference Call November 14, 2017
3Q17 Key Messages 3Q17 Production by Product Product Volume Crude Oil 5,250 bbl/d Oil 69% NGLs 1,228 bbl/d NGL's 16% Natural Gas 7,105 Mcf/d Gas 15% Total 7,662 Boe/d 3Q17 Production Increased Sequentially by 36% to 7,662…
Updated Well Schedule Prior Well Schedule 14.0 12.9 10,000 13.0 9,000 12.0 8,460 8,000 Net Productuion (boepd) 11.0 Net Wells Onstream 10.0 9.0 7,000 9.0 8.0 5,635 6.4 6,000 5,265 7.0 5,000 6.0 4,000 5.0 3.2…
Key Financial Highlights Financial Commentary Daily Production Product 2Q17 Mix 3Q17 Mix 3Q17 Volumes Up 36% to 7,662 Boe/d Only 2 Completions Contributed Materially Crude Oil 3,564 63% 5,250 69% Cyclone 4H & 5H (Gonzales County)…
Quarterly Financial Summary Quarterly Production Total Company Quarterly Production Total Company 8,000 8,000 7,000 7,000 6,000 6,000 Production (Boe/d) Production (Boe/d) 5,000 5,000 4,000 4,000 3,000 3,000…
Acquisitions Update Acquisitions Average Daily Production Rates 2,500 Production (BOEPD) 2,000 1,500 1,000 500 0 Oil NGL's Gas Acquisitions Lease Operating Expense per Boe 20.00 18.00 Lease Operating Expense…
LaSalle County Performance Update Burns Ranch Area Summary Lonestar placed its Gen 5 wells online January 5, 2017 Gen 3 225 ft spacing / 1,567 lbs/ ft / geometric stages (1H, 2H, 3H) Gen 4 300 ft spacing / 1,500 lb/ft /…
Gonzales County Performance Update Cyclone Area Update In May 2016, LONE placed the Cyclone 9H & 10H wells online (42% WI / 33% NRI) Avg. Lat Length 6,685 lateral with 1,518 /ft proppant (with diverters) Avg. Test Rate 614 Boe/d…
Gonzales County Acquisition Cyclone Area Map With LONE Operated Wells 1Q17 Acquisition 526 gross / 526 net acres 2Q17 Acquisition 330 gross / 330net acres Cyclone 26H & 27H Cyclone 9H & 10H Cyclone 4H & 5H Hawkeye…
Brazos County Update Brazos County Update Wildcat B1H Continues to Perform Well(50% WI/40% NRI) Lat Length 8,00 lateral with 2,100 /ft proppant (20/64 choke) Max30 Rate 2,132 BOEPD (42% oil / 36% NGL / 22% gas) 60Day Rate 1,867…
Brazos County Reserves Revision Wildcat B1H EUR Revised Up 31% to 1.1 MMBOE 2,500 2,000 Production (BOEPD) 1,500 1,000 500 0 Days of Production Wildcat B1H 3rd Party Type Curve Deep Brazos Leasehold LEGEND…
4Q17 / 2018 Guidance Well Activity 4Q17 1 2018 Type Low High Low High Drilled (Net) 1.8 1.8 14.5 15.6 Onstream (Net) 4.0 4.0 16.3 17.4 1 Cyclone 26H & 27H producing October 1st / Burns Ranch B1H & B2H producing December 1st…
Lonestar Resources US, Inc. Appendix
NonGAAP Reconciliation Reconciliation of NonGAAP Financial Measures Adjusted EBITDAX Adjusted EBITDAX is not a measure of net income as determined by GAAP. Adjusted EBITDAX is a supplemental nonGAAP financial measure that is used by…
Quarterly Production Summary Quarterly Production Total Eagle Ford Quarterly Production Western Eagle Ford 9,000 180 6,000 50 8,000 160 5,000 Eagle Ford Well Count 40 Eagle Ford Well Count 7,000 140 Production…
Current Hedge Book Since inception, Lonestar has implemented a strategy to reduce the effects of volatility of oil and natural gas prices on the Companys results of operations by securing fixed price contracts for a portion of its…
Glossary bbl means barrel of oil. bbls/d means the number of one stock tank barrel, or 42 US gallons liquid volume of oil or other liquid hydrocarbons per day. Boe means barrels of oil equivalent, with 6,000 cubic feet of natural…
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