Lonestar Resources Goes Live With InstaNext

InstaNext, a premier provider of cloud-hosted energy trading and risk management solutions, announced today that Lonestar Resources has licensed the InstaNext platform for crude oil and natural gas.

Headquartered in Fort Worth, TX, Lonestar is a Leading independent E&P company involved in the exploration, production, and acquisition of unconventional Oil, NGL’s and Natural Gas properties in the Eagle Ford Shale region. Within Eagle Ford, the energy company currently has a leasehold that exceeds 52,000 net acres.

Lonestar was looking for a cost-effective system to manage its commodity hedges from across the energy sector while providing full risk management and coverage analytics capabilities. InstaNext’s flexible architecture and ease of configurability paired with an outstanding customer referral, were essential in Lonestar’s decision to license the software.

Lonestar will use the InstaNext platform to manage its Crude Oil and Natural Gas swaps and to control its hedge coverage versus production volume. Within the system, Lonestar will also be able to reconcile positions and P&L with its counterparties. Lonestar previously managed its hedged positions with spreadsheets, which helped to simplify the InstaNext implementation and enabled the company to go live with the system in just a couple of weeks.

“Lonestar has a first-class hedging program, so to be chosen by them to enhance their operation and help improve margins is the ultimate recognition for InstaNext,” stated Richard Kulaszewski, EVP of Global Field Operations.

About InstaNext

InstaNext is comprised of a team of software and technology experts in the fields of energy trading, hedging, and risk management.  With an extensive portfolio of successes in the ETRM industry, InstaNext provides intuitive solutions to help companies meet the challenges of the complex energy market. The InstaNext platform simplifies every aspect of energy trading and risk management. The multi-market platform allows companies to analyze their positions in real-time via its powerful analysis capabilities. With InstaNext, historical and scenario-based data can be used to compare current positions against changes in the market, allowing for more effective management of portfolio risk and ensuring profit margins are secure.  Using the latest cloud-hosted technology, InstaNext can be implemented quickly and with low risk.

For more information please visit our website at www.instanext.com.

Posted in Press Releases.