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Lonestar Resources Us Inc   (LONE)
Other Ticker:  
 
    Sector  Energy    Industry Oil And Gas Production
   Industry Oil And Gas Production
   Sector  Energy
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) 10
 Employees -
 Revenues (TTM) (Millions $) 227
 Net Income (TTM) (Millions $) 24
 Cash Flow (TTM) (Millions $) 4
 Capital Exp. (TTM) (Millions $) 49

Lonestar Resources Us Inc

We are an independent oil and natural gas company, focused on the acquisition, development and production of unconventional oil, NGLs and natural gas properties in the Eagle Ford Shale in Texas, where we have accumulated approximately 41,274 gross (34,170 net) acres in what we believe to be the formation’s crude oil and condensate windows as of December 31, 2016. We operate in one industry segment, which is the exploration, development and production of oil, NGLs and natural gas. Our current operational activities and consolidated revenues are generated from markets exclusively in the United States, and, as of December 31, 2016, we had no long lived assets located outside the United States.

Our primary operational focus is on our Eagle Ford Shale position in seven Texas counties. Our properties in the Eagle Ford Shale are divided into three distinct regions: Western Eagle Ford (comprised of Dimmit, La Salle and Frio Counties), Central Eagle Ford (comprised of Gonzales and Wilson Counties) and Eastern Eagle Ford (comprised of Brazos and Robertson Counties). As of December 31, 2016, we operated 100% of our Eagle Ford position and approximately 75% of our acreage was held by production, or HBP. Third party engineers have identified 141 gross (118 net) horizontal drilling locations on our Eagle Ford Shale acreages. We also own 44,084 gross (28,655 net) undeveloped acres in the Bakken Three Forks formation in Roosevelt County, Montana, our “West Poplar” property. We are currently evaluating our 2017 budget for this area

We plan to invest the majority of our 2017 capital budget for the horizontal development of our Eagle Ford Shale properties and have allocated between $62 million and $72 million to drilling and completion activities to develop these assets, of which up to $10 million is allocated for leasehold acquisition expenditures. We have historically grown our Eagle Ford leasehold position through organic leasing activities, farm-ins, acquisitions, and other structures. We believe our management team’s extensive experience and our reputation as an operator in the basin provide us with relationships and contacts that could serve as a platform for expanded opportunities to grow our acreage footprint.

We seek to deploy advanced drilling, completion and production techniques across our unconventional acreage with a goal of minimizing completed well costs and maximizing per well hydrocarbon recoveries. Increasingly, we utilize 3-D seismic imaging to plan our lateral programs while utilizing log-based petrophysical analysis to optimize our drilling targets within distinct horizons within the Eagle Ford Shale section. We are also frequently drilling laterals in excess of 7,000 feet in an effort to maximize per-well recoveries and economic returns. Further, we are utilizing thru-bit logging in our laterals to design non-geometric completions which allow for the use of diverters while increasing proppant concentrations in an effort to make our fracture stimulations more effective. Additionally, we employ active choke management to optimize pressure drawdowns in an effort to maximize liquid hydrocarbon recoveries.

Our primary business objective is to increase reserves, production and cash flows at attractive rates of return on invested capital. We are focused on exploiting long-lived, unconventional oil, NGLs and natural gas reserves from the crude oil window of the Eagle Ford Shale. Key elements of our business strategy include:

 

Develop our Eagle Ford Shale leasehold positions. We intend to continue developing our acreage position to maximize the value of our resource potential and generate returns for our stockholders through continuing to utilize best in class drilling and completion techniques at the lowest possible costs. Through the conversion of our resource base to developed reserves, we will seek to increase our production and cash flow, thereby increasing the value of our reserves. As of December 31, 2016, we were producing from 70 gross (62 net) Eagle Ford wells and we intend to deploy the majority of our capital budget for 2017 on the development of our Eagle Ford acreage.

 

Pursue organic leasing, strategic acquisitions, and other structures to continue to develop and grow our production and leasehold position. We believe that we will be able to continue to identify and acquire additional acreage and producing assets in the Eagle Ford Shale. By leveraging our longstanding relationships in this area, we intend to expand our Eagle Ford shale acreage. We have increased our Eagle Ford Shale net acres by over nine times from 3,710 net acres in 2011 to 34,170 net acres as of December 31, 2016. We also intend to continue to find creative ways to fund our continued development while maintaining financial discipline and seeking to maximize returns from our projects. We have successfully used farm-ins and drilling commitments as means of adding prospective Eagle Ford Shale acreage by committing to drilling activity as opposed to deploying capital with lease acquisition costs. We also have a track record of executing on this strategy through our Joint Development Agreement with IOG Capital L.P., or IOG. This agreement allows for working interest level participation with IOG participating on a promoted basis for funding farm-ins. It is a wellbore only agreement that allows Lonestar to develop acreage or hold expiring acreage while maintaining some upside through a specified return hurdle earn-in and all of the upside associated with future development of offsetting wells.

 

Leverage our extensive operational expertise and concentration of our operating areas to reduce costs and enhance returns. We are focused on continuously improving our operating measures. We intend to leverage the magnitude and concentration of our acreage within the Eagle Ford Shale in our operating areas, as well as our experience within our areas of operation to capture economies of scale, including by employing multiple-well pad drilling, and utilizing centralized production and fluid handling facilities. Our management and operating team has significant industry and operating experience, and it regularly evaluates our operating measures against those of other operators in our area in order to improve our performance and identify additional opportunities to optimize our drilling and completion techniques and make informed decisions about our capital expenditure program and drilling activity.

 

Maintain operational control over our drilling and completion operations. We operate 100% of the Eagle Ford Shale wells in which we have a working interest and intend to maintain a high degree of operational control over substantially all of our producing locations. Moreover, we hold an average working interest of 83% in our Eagle Ford Shale leasehold. We believe this strategy allows us to manage the timing and levels of our development spending, while controlling the techniques used to drill and complete wells, as well as overall well costs and operating costs. We expect to operate the drilling and completion phase on approximately 100% of our identified drilling locations. Approximately 86% of our existing Eagle Ford net acreage that contains our Proved Reserves is HBP, and 75% of our existing Eagle Ford net acreage is HBP, and we anticipate that our current planned development program in 2017 and 2018 will be sufficient to maintain the majority of our acreage currently not HBP. We believe that continuing to exercise a high degree of control over our acreage position will provide us with flexibility to manage our drilling program and optimize our returns and profitability.

 

Maintain and enhance financial liquidity and flexibility. We intend to use cash on hand and borrowings from our $500 million Senior Secured Credit Facility (as defined below), combined with our cash flow from operations, to continue executing a capital expenditure program that we believe will help us achieve steady growth of production, cash flow and proved reserves. Furthermore, we intend to continue to employ a hedging strategy on our PDP production to achieve more predictable cash flow and to reduce our exposure to adverse fluctuations in oil, NGLs and natural gas prices. We regularly assess the futures markets for opportunities to enter into additional hedging contracts.



   Company Address: 111 Boland Street Fort Worth 76107 TX
   Company Phone Number: 921-1889   Stock Exchange / Ticker: LONE
   


Customers Net Income grew by LONE's Customers Net Profit Margin grew to


5.04 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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APA        2.86% 
CHKEW        2.86% 
EOG        2.26% 
EQT   -3.24%    
OXY        3.37% 
PXD        3.52% 
• View Complete Report
   



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