WorldWide Drilling Resource

Keep the Hot Streak Going! Adapted from Information by Lonestar Asset Management Lonestar Asset Management, a leading private equity firm with a focus on identifying lucrative drilling opportunities, final- ized funding for the acquisition of significant Texas acreage, most of which was previously held by Chesapeake Energy. By finalizing the acquisition, Lonestar was able to initiate an aggressive drilling schedule which began in January. The company is seeking to continue and extend their momentum from 2018. To keep their hot streak, they are producing reserves which companies like Chesapeake never tapped into prior to leaving the area for other pursuits. Lonestar CEO Beau Flowers stated, "Deals like this are exactly what we look for when evaluating prospects. This happens more often than you'd think when a new formation is discovered, much like the one they discovered in the Permian Basin." In Texas, oil has its own ecosystem, allowing large and small corporations to coexist and run successful exploration and drilling projects together. For larger corporations, it's easy to drop the project and leave at the slightest indication of a more lucrative formation. This enables smaller compa- nies with adequate resources to continue on with the proj- ects. Flowers added, "Big companies know they have to strike while the iron is hot, plus they have the money to do it. They can just pack up and head out to the next boom. In this case, like most cases, they left a lot of oil in the ground . . . since we have their research and data to support the prospect's viability, it wasn't a hard decision for us to make. We'll basically pick up where they left off, and in this case, we really like where they left off." Nitrate Coated Premium Liners 5x6, 5x8, & 5x10 Gardner Denver 5-1/2x8 & 5-1/2x10 Gardner Denver 7-1/2x8 & 7-1/2x10 Gardner Denver New Pumps In Stock Gardner Denver 4x5 TEE Triplex. Gardner Denver 5-1/2x5 TEE Triplex Gardner Denver 4x5 or 4-1/2x5 Duplex Gardner Denver 5x6 Duplex Gardner Denver 5x6 Air Drive Duplex Gardner Denver 5x8 Duplex Gardner Denver 5-1/2x8 Duplex Gardner Denver 7-1/2x8 Duplex Gardner Denver 7-1/2x10 Duplex Gardner Denver 5-1/2x5 THE Triplex Gardner Denver 5x8 PAH Triplex Call for Prices. We Have a Variety of Brands of Mud Pump Parts and Power Units in Stock. Special or Obsolete Parts Made to Order . Cash for Surplus Mud Pumps . Rebuilt Mud Pumps 4-1/2x6 Gaso Duplex 4-1/2x6 Oilwell Duplex Gardner Denver 4-1/2x8 PA-8 Triplex Gardner Denver 5x6 Duplex Gardner Denver 5x10 Duplex Gaso 5x10 Duplex OVER 300 PUMPS IN STOCK Armstrong Machine Co. Inc. Pocahontas, IA 50574 USA 712-335-4131 ~ 24 Hours 7 Days a Week • Fax: 712-335-4565 800-831-4527 USA & Canada (8AM to 4PM Monday-Friday) armstrongmachine.com amci@armstrongmachine.com Hydraulic Grout Pumps 5”, 6”, & 7-1/2” Rods Heat-Treated & Chromed 5x6, 5x8, & 5-1/2x8 Gardner Denver 5x10 & 5-1/2x10 Gardner Denver 7-1/2x8 & 7-1/2x10 Gardner Denver G&O 43 WorldWide Drilling Resource ® JUNE 2019