Operational Updates | Top Story | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Reserves
Jones Touts Cleveland Cost Reductions; Woodford, Tonkawa Ops
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Jones Energy, Inc. announced financial and operating results for the quarter and full-year ended December 31, 2014. For the year ended December 31, 2014, the Company reported net income of $224.1 million, adjusted net income of $64.2 million, and EBITDAX of $301.4 million.
Highlights: Increased net production for the full-year 2014 to 8.5 MMBoe (23.2 MBoe/d), up 36% from 2013 Increased EBITDAX for the full-year 2014 by 47% to $301.4 million, up from $205.0 million in 2013 Increased the pre-tax present value (“PV-10”) of the Company’s proved reserves to a record $1.5 billion at SEC prices1, up 48% from year-end 2013 Reserve additions replaced production by 409% (329% through the drill-bit2) Increased total proved reserves by 29% from year-end 2013 to 115.3 MMBoe; proved oil reserves…Finish this article — free account or subscription
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