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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