Lonestar Resources US, Inc. Second Quarter 2019 Conference Call August 6, 2019
Key Messages Key Messages 2Q19 Production By Product Second Quarter 2019 Highlights Production rose 22% to 13,630 Boe/d, exceeding guidance of 12,40012,800 Boe/d Adjusted EBITDAX rose 15% to 33.5 MM, exceeding guidance of 30 to 32 MM…
Key Financial Highlights Financial Commentary Per Unit Expenses Daily Production 2Q19 Volumes Up 20% to 13,630 Boe/d Unit Expenses Are Declining Product 1Q19 Mix 2Q19 Mix 8 New Completion Contribute in Qtr. Expect More Scale in 3Q19…
Horned Frog Northwest (La Salle County) Horned Frog NW Activity Map Horned Frog NW Highlights In 2018, LONE completed 2 wells, which averaged Max30 rates of 1,049 Boe/d (7,400 laterals) In April, 2019, HFNW 4H & 5H were placed…
Horned Frog Northwest (Parent / Child) Horned Frog NW 2H Recovery From Frac Hit Horned Frog NW Frac Hits 450 2,500 Child wells, the completed in 2019 (4H5H) have 400 2,000 outperformed the Parent wells in 2018 (2H3H) 350 Prior…
Karnes County Karnes Co. Activity Map Karnes County Highlights In 2018, LONE completed 6 wells, which averaged Max30 A B rates of 908 Boe/d (6,245 laterals) Lonestar added contiguous leasehold through swaps and primary term…
Horned Frog South (La Salle County) Horned Frog South Activity Map Horned Frog South Highlights In 2018, LONE completed 2 wells, which averaged Max30 rates of 2,148 Boe/d (11,300 laterals) In June 2019, F A1H & F B1H were placed…
Horned Frog South EUR Progress Horned Frog South Cum vs Time Plot 1 750,000 2018 Wells EUR PostDrill EUR 2.3 MMBOE 2.0 MMBOE 600,000 3Stream Cum. (Boe) PreDrill Type Curve 1.5 MMBOE 450,000 300,000 150,000 2019…
Sooner (De Witt County) Sooner Activity Map Sooner Highlights Buchhorn4H6H went into flowback midJuly. Seismic Interpretation allowed for extending laterals through previously mapped faults Added leasehold to further extend…
2019 Schedule 2019 Activity Map (onstream) Drilling & Completion Stats Brazos Online 1Q19 Online 2Q19 To date, Lonestar has drilled 17 gross / 15.6 net Scheduled 3Q19 wells with a total of 138,700 of perforated lateral,…
Quarterly Highlights Guidance Outstanding Well Results 2Q19 3Q19 Guidance Horned Frog NW (100% WI / LaSalle) 2 wells Max30 rates of 1,482 Boe/d Product Reported Mix Low High Mix Georg (100% WI / Karnes) 4 wells Max30 rates of…
Lonestar Resources US, Inc. Appendix
NonGAAP Reconciliation Reconciliation of NonGAAP Financial Measures Adjusted EBITDAX (Unaudited) Adjusted EBITDAX is not a measure of net income as determined by GAAP. Adjusted EBITDAX is a supplemental nonGAAP financial measure that…
Financial Statistics Quarterly Production By Product Quarterly Production By Region 18,000 18,000 16,000 16,000 14,000 14,000 Production (Boe/d) 12,000 12,000 Production (Boe/d) 10,000 10,000 8,000 8,000 6,000 6,000…
Quarterly Production Summary Quarterly Production Total Company Quarterly Production Western Region 18,000 250 12,000 60 16,000 200 10,000 50 14,000 Eagle Ford Well Count Eagle Ford Well Count Production (Boe/d)…
Hedging Summary Crude Oil Crude Oil Contracts Crude Oil Contracts Period Instrument Volume Fixed Price % of Production 88% 90% 8090% 35% Bal 19 Oil WTI Swap 1,213 bbls/day 48.04 Hedged 1 Bal 19 Oil WTI Swap 1,930 bbls/day 50.40…
Hedging Summary Natural Gas Natural Gas Contracts Natural Gas Contracts % of Period Instrument Volume Fixed Price Production 50% 53% 4555% Hedged 1 Bal 19 Natural Gas 6,449 MMBTU/day 2.87 NYMEX Swap 18,000 5.00 Bal 19 Natural Gas…
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