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Revolution Wraps Up $200MM Acquisition of Jones Energy II

Revolution Wraps Up $200MM Acquisition of Jones Energy II

Revolution Resources has finalized its ~$200 million acquisition of Jones Energy II. The deal further expands Revolution's portfolio in the Midcontinent region. The company entered the region in…

Revolution to Acquire Jones Energy II for ~$200MM in Cash

Premium content Revolution to Acquire Jones Energy II for ~$200MM in Cash

Jones Energy II, Inc. has agreed to be acquired by Revolution II WI Holding Company, LLC, an affiliate of Mountain Capital Partners, LP, in an all-cash transaction valued…

Troubled Jones Mulling DrillCo to Enhance Value; Talks Latest Drilling Activity, Results

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.…

STACK Operator 'Reevaluating' 2018, Future Plans After Q1 Loss; Drops Half Operating Rigs

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…

Tecolote  Energy Touts 3,800 Boe/d Cleveland Well

Tecolote Energy Touts 3,800 Boe/d Cleveland Well

The Tecolote operated Meadows-Clifford 31-30 MD EX 2H with a lateral length of 9,933 feet within the Marmaton ‘D’ formation flowed 3,802 barrels of oil equivalent per day…

Jones Energy Exploring Strategic Alternatives

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…

Private E&P Hits Home Run in Cleveland Formation; 2,815 BOEPD

Private E&P Hits Home Run in Cleveland Formation; 2,815 BOEPD

Tecolote Energy has reported the results of its Mathers State 172-156 CL EX 1H extended lateral well in Hemphill County, Texas. The well targeted the Cleveland formation and…

Jones Chops Capex ~10% to $250MM; Drops Cleveland Rig in Favor of Merge

Jones Chops Capex ~10% to $250MM; Drops Cleveland Rig in Favor of Merge

Jones reported its Q2 2017 results. Highlights include: - Reducing 2017 Capex budget to $250 million from $275 million (-9%) - Average daily net production for second quarter…

Jones to Boost Merge Play Rig Count to Three by Year-End; Drilling Update

Jones to Boost Merge Play Rig Count to Three by Year-End; Drilling Update

Jones Energy announes Q1 2017 financial and operating results. Highlights include: Western Anadarko (Cleveland) During the first quarter, the Company spud 15 wells, completed 19 wells.Average daily net…

White Star Bolts On Acreage in the Cleveland / Tonkawa Area

Premium content White Star Bolts On Acreage in the Cleveland / Tonkawa Area

White Star has acquired Midcontinent acreage from the equity holders of Lighthouse Oil & Gas LP. The Lighthouse Oil & Gas LP transaction closed on March 14, 2017,…

Cleveland Top Operators (Undrilled Permits)

Company Last 12 Months
Mewbourne Oil Company 33
Crawley Petroleum Corporation 7
Sandridge Energy, Inc. 6
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Cleveland Drilling Permits Trends (Last 24 Months)

Cleveland Well Completion Trend

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Cleveland Rig Data: September 13, 2026

Cleveland Overview

The Texas Panhandle and southwestern Oklahoma is home to an abundance of unconventional targets, most notably the Cleveland, Tonkawa and Marmaton formations. Both oil and gas bearing, these plays display characteristics similar to its neighbor, the more well-known Granite Wash play.

Drilling Times improving in the Cleveland Play.

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Cleveland Mergers & Acquisitions

Cleveland Transactions By Quarter ($MM)