Exploration & Production | Rig Count | Top Story | Quarterly / Earnings Reports | Drilling Contractor
Jones to Add Rigs at Woodford, Cleveland Leases; Talks Hogshooter Ops
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Jones Energy Inc. has reported financial and operating results for the quarter ended June 30, 2013, reporting net income attributable to common stockholders of $48.7 million and adjusted EBITDAX, a non-GAAP financial measure, of $52.7 million.
2013 Second-Quarter Highlights Increased total production to 16,725 barrels of oil equivalent per day (Boe/d), up 5% from the first quarter of 2013 and 37% from the second quarter of 2012. Increased oil production to 4,540 barrels per day (Bbl/d), up 31% from the first quarter of 2013 and 147% from the second quarter of 2012. Increased adjusted EBITDAX to $52.7 million, up 12% from the first quarter of 2013 and 71% from the second quarter of 2012. Increased drilling pace from five rigs as of April 1, 2013 to six rigs as of June 30, 2013, all of…Finish this article — free account or subscription
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