One-Page Deal Sheet
Jones Energy Picks Up Acreage with Cleveland Sand Potential
Jones Energy Inc. Not Disclosed
Announced Date
December 10,2014
Transaction Type
Property
Asset/Basin:
{"Anadarko Basin"}
TargetZones:
{"Cleveland sandston
Net Acres
Net Operated Locations:
Location
Region
Mid-Continent
Country
United States
State
Texas
County
Hutchinson
Play
Transaction Details: Subscribe to see
Jones Energy, Inc. recently acquired a contiguous block of 5,120 net acres in Hutchinson County, Texas, prospective for its primary drilling target, the Cleveland sandstone.
The lease was acquired on favorable commercial terms similar to recent lease activity by Jones Energy. The lease terms provide Jones Energy with 100% working interest at all depths. The initial block represents 40 net drilling locations in the Cleveland formation, which equates to half a year of drilling inventory at current activity levels.
Jonny Jones, Founder, Chairman, and Chief Executive Officer, stated, "Our recent…
| Date | Deal Headline | Price | $/acre |
|---|---|---|---|
| Dec-09-2019 | Revolution to Acquire Jones Energy II for ~$200MM in Cash | -  |
- |
| Aug-04-2016 | Jones Energy Inks Deal for Anadarko Basin Assets; 26,000 Net Acres | - |
- |
| Nov-05-2015 | Jones Energy Bolts-On 10,000 Net Cleveland Acreage For $3 Million | - |
- |