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Jones Adding Third Merge Rig in 2018; Gen2 Frac Boosting Well Results

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Jones Adding Third Merge Rig in 2018; Gen2 Frac Boosting Well Results

Jones Energy reported its Q3 2017 results. Highlights from its release / call include:

Suspended drilling activity in Western Anadarko in favor of the Merge (E. Anadarko), released last remaining rig in October Average daily net production for Q3: 21.4 Mboe/d Looking at increased Merge activity in 2018:

In its Q3 call, CEO Jonny Jones hinted at 2018 plans: "Now turning to our 2018 plans although we will not likely issue formal guidance until next year. We do have some initial thoughts on what to expect. Today our plan is to run three rigs in the merge beginning around the end of the year concerning our legacy asset we have taken a pause on Cleveland drilling and are evaluating capital options for the Western Anadarko asset. No doubt the level of activity we decide to commit to in…

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