Lonestar Resources Acquires Eagle Ford Acreage in $71.3 Million Deal

Lonestar Eagle Ford Acreage Acquisition Adds 15,232 Net Acres to Total Assets
Lonestar Eagle Ford Acreage Acquisition

Lonestar Eagle Ford Acreage Acquisition | Click to Enlarge

Lonestar Resources acquired 15,232 gross (13,156 net) Eagle Ford acres for $71.3 million in late February 2014. With the acquisition, the company now holds 23,079 net acres in the Eagle Ford Shale.

The acreage assets included in the deal had a net production of 664 boe/d at the end of 2013, and are located in LaSalle, Frio, Wilson, Brazos and Robertson Counties.

There are many deals like this one taking place in the Eagle Ford. In 2013, approximately $9 billion was spent on acreage deals in the play.

Read more: Eagle Ford Deal Value Leads the U.S. in 2013

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Lonestar Resources – Amadeus Deal Creates Public Company

Australian Amadeus Energy's Acquisition of Lonestar Resources will create a newly formed public entity
Lonestar Resources Operations Map

Lonestar Resources Operations Map | Click to Enlarge

Lonestar Resources is an independent operator with assets in Barnett, Bakken, and Eagle Ford shale plays. The company has over 5,000 acres prospective for the Eagle Ford spread across Dimmit, La Salle, and Wilson counties.

The company made offers for Eureka Energy earlier in the year, but bowed out as Aurora Oil & Gas increased its bid. The company is now being acquired by an Australian company, Amadeus Energy.

Amadeus is a public company that was created by Ecofin Water & Power Opportunities for the sole purpose of seeking oil & gas investment opportunities. [Read more…]

Is a Eureka Energy Bidding War Close?

Eureka Energy’s board is rejected an offer from Aurora Oil & Gas, but could be near an agreement with Lonestar Resources. Details of a potential agreement will not be known until Eureka’s board meets over the weekend. Aurora’s offer is only good until June 15 and Australian regulations prevent the company from making a higher offer until after that date.

Lonestar Resources is a private Fort Worth based company with interests in the Bakken, Barnett, and Eagle Ford shales. [Read more…]