Lonestar Resources Forms JV With Large Eagle Ford Shale Producer

Lonestar Resources said it formed a partnership with one of the largest producers in the Eagle Ford Shale to develop oily acreage in its Gonzales County, Texas, asset.

Emily

Patsy

HartEnergy.com

Wed, 03/04/2020 - 09:00 AM

Lonestar Resources Forms JV With Large Eagle Ford Shale Producer

(Source: Hart Energy; Shutterstock.com)

Lonestar Resources US Inc. formed a joint venture (JV) partnership with one of the largest producers in the Eagle Ford Shale to develop acreage in Gonzales County, Texas.

In a recent news release, the Fort Worth, Texas-based company said it had entered into a joint development agreement with the undisclosed company for an area of mutual interest (AMI) encompassing about 15,000 acres in Lonestar’s Cyclone/Hawkeye area.

Lonestar CEO Frank D. Bracken III said the venture provides a clear path of development for the Cyclone/Hawkeye asset, which he called Lonestar’s the oiliest asset in the company.

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Emily Patsy

Emily Patsy is the senior managing editor for Hart Energy’s Digital News Group. She's responsible for the daily news flow and also manages the A&D Watch and Energy Pulse weekly newsletters.

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