Lonestar Resources Us Inc. Reports Production Results for the Third Quarter and Nine Months Ended September 30, 2019; Provides Production Guidance for the Fourth Quarter and Full Year of 2019
For the nine months, the company reported total barrels of oil equivalent production of 14,391 (BOE/d) compared to 10,482 (BOE/d) reported in the same period last year.
The company increased its 2019 full-year production forecast from 13,700-14,700 BOE/d to current guidance of 14,800-15,000 BOE/d. With newly issued production guidance of 17,200-17,600 BOE/d for the fourth quarter of 2019, Lonestar is poised to exceed the upper end of its already-increased full-year guidance.
The results help ensure that the full-year results will exceed already-increased guidance of 14,800-15,000 Boe/d for the year, which represents an increase in production of approximately 35% over 2018 levels.