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Jones Energy Inc.
56 articles mentioning Jones Energy Inc. · Page 1 of 3
Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls
Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...
Jones Energy Emerges from Bankruptcy; Scores $225MM Capital;Rename
Jones Energy, Inc. is emerging from bankruptcy. The Company emerges following satisfaction of all of the conditions to effectiveness under the Company's prepackaged chapter 11 plan, previously confirmed by the United States Bankruptcy Court for the...
Jones Energy Files Chapter 11
Jones Energy Inc. has filed for bankruptcy. The company has grappled with several financial issues in recent months, including moving its stock to the OTC marketplace in November 2018. The move came mere months after the...
Jones Energy on the Brink of Bankruptcy
Jones Energy Inc. has entered a restructuring agreement which seems to be a percursor to officially filing for bankruptcy. The company has grappled with several financial issues in recent months, including moving its stock to the...
Jones Energy Stock Moves from NYSE to OTCQX Exchange
Jones Energy reported that its stock will shift to the OTCQX from the NYSE effective at the close of trading on November 26, 2018 and will begin trading on the OTCQX upon the trading open on...
Jones Energy Expands Board; Adds Two New Directors
Jones Energy has appointed two new directors to its Board of Directors and related changes to its standing committees. On November 6, 2018, the Board voted unanimously to expand the size of the Board from seven...
Jones Energy Details Changes to Board of Directors
Jones Energy announced that John Lovoi and Mr. Paul B. Loyd are stepping down from the Company's Board of Directors, including from their roles on the Board's standing committees. The Board voted unanimously to appoint Mr....
Jones Energy Regains NYSE Compliance After Reverse Stock Split
Jones Energy received notice from the NYSE on September 21, 2018 that the Company has regained compliance with the NYSE's continued listing standards. As previously announced, on March 23, 2018, the Company received a deficiency notification...
Troubled Jones Mulling DrillCo to Enhance Value; Talks Latest Drilling Activity, Results
Jones Energy reported its Q2 2018 results. Financial Trouble; Pursuit of Possible DrillCo Back in Q1, after firing its CEO, Jones announced that it was 're-evaluating' its strategy. Since then, the company's credit facility was cut...
Former Glacial CEO Takes Helm of Jones Energy
Jones Energy has hired Carl F. Giesler, Jr. as the company's new CEO effective July 23, 2018. About Giesler: Prior to joining the Company, Mr. Giesler served since September 2014 as the Chief Executive Officer and...
Jones Energy's Credit Facility Cut in Half to $25MM
Jones Energy's credit facility has been reduced from $50 million to $25 million. Other changes include: Aligned the covenants contained in the credit agreement with those contained in the indenture governing the Company's 9.25% senior secured...
STACK Operator 'Reevaluating' 2018, Future Plans After Q1 Loss; Drops Half Operating Rigs
Jones Energy reported its Q1 2018 results. Highlights: - Net loss for the first quarter of 2018 of $28.9 million, or a loss of $0.30 per share, non-GAAP adjusted net loss of $30.3 million Management and...
Jones Energy Fires Founder / CEO, President
Jones Energy has terminated its founder & CEO Jonny Jones as well as company president Mike McConnell "effective immediately", according to multiple reports. Jeff Tanner has been promoted to COO and has simultaneously been tapped as...
Jones Out of NYSE Compliance; Proposes Reverse Stock Split
Jones Energy has received notice that it has fallen out of compliance with NYSE standards due to its share price falling below $1.00 for 30 consecutive days. Jones Energy now has a six-month cure period to...
Jones Touts Its Oiliest Meramec IP30 Yet in Q4; Cuts Down Drill Times
Jones reported its Q4 and full year 2017 results. Strong Eastern Anadarko Results Bone 2H Meramec well achieved peak IP30 rate of 1,255 Boe/d which is 287 Boe/d per 1,000' of lateral (67% oil, 2-stream). This...
Jones Energy Expands Board of Directors
Jones Energy has made several changes to its board of directors. Effective as of February 5, 2018, the Board has expanded the size of the Board from five to seven members and appointed three new directors:...
Jones Chops Spending Down -40% for 2018 to $150 Million; Details Recent IPs
Jones Energy detailed its 2018 guidance as well as recent well results. Highlights: - Initial 2018 capital budget of $150 million (down -40% from $250 spent in 2017) D&C: $134 million Other: $31 million Spending by...
Jones Energy Regains Compliance with NYSE
Jones Energy has regained compliance with the NYSE. At the beginning of 2018, Jones was deficient on the exchange due to its stock price falling below $1.00 for 30 consecutive business days.
Jones Energy Out of NYSE Compliance
Andarko Basin E&P Jones Energy has received notice that it is out of compliance with the NYSE due to its stock falling below $1.00/share for 30 consecutive trading days. Jones has indicated that it plans to...
Jones Energy Exploring Strategic Alternatives
Jones Energy has tapped Credit Suisse to assist the company as it explores strategic alternatives. This comes after the company cut down its 2017 capex to $250MM (down -10%). The company is also shifting its activity...