Lonestar Resources US Inc. Reports Production Results for the Second Quarter and Six Months Ended June 30, 2019; Provides Production Guidance for the Third Quarter and Full Year of 2019
For the six months, the company reported total oil production of 1,299,457 Bbls compared to 1,097,041 Bbls a year ago. NGLs production was 481,555 Bbls compared to 308,786 Bbls a year ago. Natural gas production was 16,005 Mcf compared to 10,210 Mcf a year ago.
For the year 2019, the company production guidance was increased from 13,700 BOE/d to 14,700 BOE/d to 14,800-15,000 BOE/d.
The company issued production guidance of 17,000 BOE/d to 17,500 BOE/d for the third quarter of 2019, a 27% increase over second quarter of 2019 results at the midpoint.