Exploration & Production | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update
Jones Sees Jump in Cleveland, Woodford Reserves; Ramps Up Rigs
Print
|
Jones Energy, Inc. has reported financial and operating results for the quarter and full year ended December 31, 2013.
For the year ended December 31, 2013, the Company reported net income attributable to common stockholders of $22.4 million and EBITDAX of $205.0 million.
2013 Highlights Increased net production to 6.2 MMBoe (approximately 17.0 MBoe/d) in 2013, up 28% from 2012 Increased EBITDAX by over 50% to $205.0 million in 2013 from $135.7 million in 2012 Increased the pre-tax present value of the Company's proved reserves to $1.0 billion, up 30% from year-end 2012 Achieved drill-bit finding and development (F&D) cost of $15.01 per Boe in 2013 Increased Cleveland proved reserves by 42% from year-end 2012 to 57.5 MMBoe; additions replaced production by 558% (307% through the…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in