Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Jones Energy Ramps Up Cleveland Reserves via New Completion Design
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Jones Energy, Inc. has provided its 2013 year-end reserves, an operations and risk management update.
Highlights: Cleveland proved reserves increased 42% from year-end 2012 to 57.5 MMBoe; additions replaced production by 558% (307% through the drill-bit) Total proved reserves increased 23% from year-end 2012 excluding the expiration of the Southridge JDA Fourth quarter 2013 production increased to a record 1.7 MMBoe (approximately 18,200 Boe/d) despite impact of severe weather and other operations factors; full year 2013 production of 6.2 MMBoe (approximately 17,000 Boe/d) within previously announced guidance range Company has completed 20 test wells using an enhanced frack design and will be monitoring production results over next two quarters prior to making a capital commitment…Finish this article — free account or subscription
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