Lonestar Resources (LONE) Announces Bolstered Hedge Positions
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Lonestar Announces Bolstered Hedge Positions
March 12, 2020 10:27 AM EDTFORT WORTH, Texas--(BUSINESS WIRE)-- Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, Lonestar, our or the Company) announced that it has entered into a series of hedge transactions which considerably enhance the certainty around crude oil prices, natural gas prices, and interest rates.
For the balance of 2020 (Bal 20), Lonestar has a total of 7,453 barrels per day of crude oil swapped at an average West Texas Intermediate (WTI) price of $57.09 per barrel. For the balance of 2020 (Bal 20), Lonestar has a total of 20,000 MMBTU per day of natural gas swapped at an average Henry Hub (HH) price of $2.55... More
