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

Lonestar's Drilling Inventory

Almost all of the acreage will be operated by Lonestar, which will increase the company's Eagle Ford Shale drilling inventory to seven years. Prior to this deal, Lonestar's drilling inventory was five years.

Lonestar's Eagle Ford Reserves

Lonestar Resource's proved reserves will increase by 7.4 million BOE and the company's proved PV-10* will increase by $138.3 million to $566.4 million. The deal increases Lonestar’s overall reserves (proved and probable) to 36 million BOE.

PV10 - Present value of estimated future oil and gas revenues, net of estimated direct expenses, discounted at an annual discount rate of 10%. This nomenclature is most commonly used in the energy industry, and is used to estimate the present value of a company's proved oil and gas reserves.

Read more at lonestarresourcesinc.com