Lonestar’s production climbed in the second quarter with Eagle Ford operations leading the way.

Related: Lonestar’s Eagle Ford Production Up 23% 

In spite of a net loss of $12.8 million for the second quarter of 2016, Lonestar Resources registered a 13% increase in net oil and gas production to 6,573 Boe/d, compared to 5,804 Boe/d in the second quarter of 2015.

Other second quarter highlights include:

• Placed two new Eagle Ford shale wells on stream during May of the quarter
• Crude oil production rose 17% sequentially in the second quarter as Lonestar’s 2016 completions have all been in the crude oil window.
• Net loss of $12.8 million for 2Q16 versus a net loss of $8.4 million in 2Q15
• Adjusted EBITDAX was $16.0 million compared to $22.0 million for 2Q15

In July Lonestar delisted from the Australian Stock Exchange and  commenced trading on the NASDAQ Global Market under the symbol, “LONE”.  This is a major step as the company moves closer to moving its parent company from Australia to the United States as a Delaware corporation.

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