Lonestar Resources U.S. Inc. reported second-quarter 2016 financial and operating results. The quarter ended June 30, the company said Aug. 19.

Lonestar Resources registered a 13% increase in net oil and gas production to 6,573 barrels of oil equivalent per day (boe/d) during the second quarter. This was higher than second-quarter 2015’s 5,804 boe/d of net production. In the second quarter of 2016, 76% of the production was crude oil and NGL.

Lonestar said it continues focusing on the Eagle Ford Shale, where it generated a 17% increase in net oil and gas production—5,991 boe/d—in second-quarter. During second-quarter 2016, Lonestar augmented its Eagle Ford leasehold and reserves. In the area, two new wells were placed onstream in May. Lonestar holds a 42% working interest and a 33% net revenue interest in these wells.

During second-quarter 2016, Lonestar reported a net loss of $12.8 million, a higher loss than second-quarter 2015’s $8.4 million in 2Q15. The company’s adjusted EBITDAX for the second quarter of 2016 was $16 million, lower than second-quarter 2015’s $22 million.

Lonestar said that on June 30, there was $99.5 million outstanding on its $120 million senior secured credit facility, leaving $20.5 million undrawn and available.

In total for 2017, Lonestar has hedged 1,500 bbl/d at an average strike price of $53.79/bbl. For 2016, West Texas Intermediate swaps cover 2,692 boe/d for July 2016 through December 2016 at an average strike price of $69.57/bbl.