Growing production and higher EBITDAX despite low commodity prices
Commodity prices have put tremendous strain on the entire oil and gas industries, with companies cutting capital expenditures by 35% on average, based on analysis done by EnerCom Inc. Despite the large capital reductions, some producers are still finding a way to grow business. Fort Worth-based Lonestar Resources (ticker: LNR) proved during its Q1’15 quarter call that its Eagle Ford assets continue to be profitable, and that the company can continue expanding its footprint, all...