Lonestar is an independent oil and natural gas exploration and production company focused on the exploration, development and production of unconventional oil, natural gas liquids and natural gas in the Eagle Ford Shale (the "Eagle Ford") in South Texas.
We have accumulated approximately 78,193 gross (57,491 net) acres as of December 31, 2018. We operate in one industry segment, which is the exploration, development and production of oil, natural gas liquids ("NGLs") and natural gas. Our current operational activities and consolidated revenues are generated from markets exclusively in the United States, and, as of December 31, 2018, we had no long-lived assets located outside the United States.
Our primary operational focus is on our Eagle Ford position in eleven Texas counties, and our properties in the Eagle Ford are divided into three distinct regions: the Western Eagle Ford (comprised of Dimmit, La Salle and Frio Counties), Central Eagle Ford (comprised of Gonzales, Karnes, Fayette, Wilson, DeWitt and Lavaca Counties) and Eastern Eagle Ford (comprised of Brazos and Robertson Counties). As of December 31, 2018, we operated 85% of our Eagle Ford position and approximately 95% of our acreage was held by production, or HBP. Third-party engineers have identified 273 gross (204 net) horizontal drilling locations on our Eagle Ford acreage.