Rating Action: Moody's downgrades Lonestar Resources' PDR to D-PD on bankruptcy filing. Global Credit Research- 01 Oct 2020. New York, October 01, 2020-- Moody's Investors Service, downgraded Lonestar Resources America Inc.' s Probability of Default Rating to D-PD from Ca-PD.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lonestar Resources America Inc.. Global Credit Research- 14 Sep 2020. New York, September 14, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Lonestar Resources America Inc. and other ratings that are associated with the same analytical unit.
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended June 30, 2020. HIGHLIGHTS Lonestar responded to a collapse in crude oil prices during the second quarter by shutting-in most of its crude oil production in the month of May, and consequently reported a 2% decrease in net oil and gas production to 13,339 BOE/d during the three months ended June 30, 2020 (“2Q20”), compared to 13,630 BOE/d for the three months ended...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended March 31, 2020. HIGHLIGHTS Lonestar reported a 27% increase in net oil and gas production to 14,436 BOE/d during the three months ended March 31, 2020 (“1Q20”), compared to 11,372 BOE/d for the three months ended March 31, 2019 (“1Q19”). Production was comprised of 73% crude oil and NGLs on an equivalent basis. On February 26th, Lonestar announced that it enter...
Rating Action: Moody's downgrades Lonestar Resources' senior notes to C; outlook negative. Global Credit Research- 02 Jul 2020. New York, July 02, 2020-- Moody's Investors Service, downgraded Lonestar Resources America Inc.' s Probability of Default Rating to Ca-PD from Caa3-PD, Corporate Family Rating to Ca from Caa3 and senior unsecured notes to C from Ca.
Rating Action: Moody's downgrades Lonestar Resources' notes to Ca; negative outlook. Global Credit Research- 15 Apr 2020. New York, April 15, 2020-- Moody's Investors Service, downgraded Lonestar Resources America Inc. Corporate Family Rating to Caa3 from Caa1, Probability of Default Rating to Caa3-PD from Caa1-PD, and senior unsecured notes to Ca from Caa2.
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended December 31, 2019. HIGHLIGHTS Lonestar reported a 33% increase in net oil and gas production to a 17,547 BOE/d during the three months ended December 31, 2019 (“4Q19”), compared to 13,152 BOE/d for the three months ended December 31, 2018 (“4Q18”). Production was comprised of 72% crude oil and NGLs on an equivalent basis and just under the high end of the Company...
FORT WORTH, Texas--(BUSINESS WIRE)-- 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 7,453 barrels per day of crude oil swapped at an average West Texas Intermediate (“WTI”) price of $57.09 per barrel. For the balance of 2020 (“Bal ’20”), Lonestar has a total of 20,000 MMBTU per day of natural gas swa...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced that it has entered into a Joint Development Agreement (“JDA”) in Gonzales County with one of the largest producers in the Eagle Ford Shale which encompasses an Area of Mutual Interest (“AMI”) totaling approximately 15,000 acres. The agreement calls for Lonestar to operate a minimum of 3 to 4 Eagle Ford Shale wells annually on behalf of the two companies through 2022 that are intended to hold-by-production (“HBP”) approximately 6,000 gr...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, "Lonestar," "our" or the "Company") announced that its proved reserves increased to a record 100.6 million barrels of oil equivalent (“MMBOE”) at December 31, 2019 calculated using SEC guidelines. All of the Company’s proved reserves are located in the Eagle Ford Shale. Lonestar’s proved reserves at December 31, 2019 are comprised of 49.8 million barrels of crude oil and condensate, 24.9 million barrels of natural gas liquids (“NGL’s”), and 155.9 billion cubic feet of natural gas. ...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced today the completion of the Company’s fall borrowing base redetermination. Citibank, N.A., agent for the Company’s senior secured credit facility (the “Credit Facility”), informed the Company that the bank group has reaffirmed the Credit Facility’s borrowing base of $290 million. The Company’s next regularly scheduled semi-annual borrowing base redetermination will be in May 2020. Lonestar’s Chief Executive Officer, Frank D. Bracken, II...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (including its subsidiaries, “Lonestar,” “we,” “us,” “our” or the “Company”) today reported financial and operating results for the three months ended September 30, 2019. HIGHLIGHTS Production Increases 45%, Exceeds Guidance- Lonestar reported a 45% increase in net oil and gas production to a Company-record 18,097 BOE/d during the three months ended September 30, 2019 (“3Q19”), compared to 12,471 BOE/d for the three months ended September 30, 2018 (“3Q18”). Reported production volumes exceeded the Company’s gui...
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar”) will announce its third quarter 2019 results after the close of trading on Monday, November 11th, 2019. The report will be made available via Business Wire and the Company’s website at . Management will host a live conference call on Tuesday, November 12th, 2019 at 9:00AM CST to discuss the third quarter 2019 results and operational highlights. To access the conference call, participants should dial: USA: 800 671 2810 International: About Lonestar Lonestar is ...
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Lonestar Resources America Inc.. Global Credit Research- 24 Oct 2019. New York, October 24, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Lonestar Resources America Inc. and other ratings that are associated with the same analytical unit.
FORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar” or the “Company”) announced today that the Company will be attending the 2019 Johnson Rice Energy Conference on Tuesday, September 24th in New Orleans, LA. While there will not be a formal Company presentation, Lonestar will post an updated investor deck in the Investor Relations section on the Company’s website after the market closes on September 23, which will be used for its one-on-one meetings with investors at the conference. About Lonestar Lonestar is an indepen...
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