Lonestar Resources US Inc. (OTCQX: LONE) (together with its subsidiaries, “Lonestar,” “…
Reuters Lonestar Resources US Inc LONE.O filed for Chapter 11 bankruptcy protection on Thursday, joining a clutch of shale companies that have succumbed to weak crude prices as COVID-19 pandemic crimps fuel demand. Lonestar, which operates in Texas’ Eagle Ford basin and produced roughly 14,000 barrels of oil equivalent per day, had a total debt of $546.3 million as of June 30
Reuters DeWITT COUNTY, Texas – Royalties from oil pumped on Paul Ruckman’s land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments. The worst oil bust in decades has slashed the
Oil and Gas 360 FORT WORTH, Texas: Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced that it has entered into a series of hedge transactions which considerably enhance the certainty around crude oil prices, natural gas prices, and interest rates. For the balance of 2020 (“Bal ’20”), Lonestar has a total of
By Tyler Losier, Energy Reporter, Oil & Gas 360 Average test rate of 2,500 BOEPD for F #A1H and F #B1H sets company record Lonestar Resources (stock ticker: LONE), an independent Texas-based E&P focused on Eagle Ford shale, has announced the test results for its wells in La Salle county, Texas. Previously, in its Q1 2019 report, Lonestar had announced
Lonestar Resources Updates 2019 Capital Program & Initiates 2020 Targets
Lonestar Resources (NASDAQ: LONE) Company Overview Headquartered in Fort Worth, Texas, Lonestar’s focus is on the volatile crude oil window of the Eagle Ford Shale. April 2018 Production‐ exceeded 10,000 BOEPD for first time in Lonestar’s history Production increased 48%, year‐over‐year to 7,777 BOEPD Adjusted EBITDAX increased 103%, year‐over‐year to $23.4 million Summary Q1-2018 Revenue: $33 million Q1-2018 Production: 7.78
Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter. CEO Frank D. Bracken, III, said, “In the first quarter, production increased by 48% and realized prices after hedging rose 24%, resulting in
Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of
Core Laboratories, Evolution Petroleum and Lonestar Resources—Exclusive Video Interviews with EnerCom’s Oil & Gas 360® New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360® What do top energy sector executives at leading independent oil and gas companies see on the energy horizon for 2015 and beyond? EnerCom, Inc. today posted
Lonestar Resources, (OTCQX: LNREF, ASX: LNR), an oil and gas company with assets in the Eagle Ford and Bakken shales, reported its Q4’14 earnings on February 2, 2015. The Fort Worth-based E&P reported several company records despite the challenges associated with one of the most difficult quarters many producers have seen in years. Q4’14 Results Lonestar averaged net volume of
Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is listed on both the Australian Stock Exchange (following a January 2013 merger with Amadeus Energy) and the U.S. based OTCQX
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