Lonestar Resources US Inc. reported production results for the fourth quarter and year ended December 31, 2019. For the quarter, total production was 1,614,344 barrels of oil equivalent against 1,209,938 barrels of oil equivalent a year ago.

For the year, total production was 5,543,120 barrels of oil equivalent against 4,071,700 barrels of oil equivalent a year ago.

The company reported impairment of oil and gas properties of $48,412,000 for the fourth quarter ended December 31, 2019.

Based on this range of capital spending, Lonestar is issuing updated 2020 production guidance of 16,000 to 16,500 Boe/d, which is approximately 7% higher than 2019 volumes, at the mid-point.