Acquisition of Assets in Anadarko Basin Conference Call November 26, 2013
Transaction Summary Key Terms Transaction Highlights Assets: 26,000 net acres in the Cleveland, Significant Cleveland Location Capture: Tonkawa, and Marmaton plays in the Texas Direct overlay with existing core Panhandle and…
Jones Acreage in the Cleveland Acquired Acreage Existing Jones Acreage Liquid Rich Fairway High GOR Area Significant overlay with Jones existing acreage in the Cleveland 2
Pro Forma Asset Summary Proved Reserves Net Acres Current Net Production 17% 16% 24% 83% 76% 84% 84 MMBoe [1] 107,000 Net Acres 21,900 Boe/d Jones Acquisition Acquisition increases Cleveland reserves by over 30%…
Cleveland Inventory Growth 2004 2013 Cleveland Inventory 2004 - 2013 Key Points Jones acquired locations 800 Anadarko through 8 deals as well Assets Acquisition as an active leasing program 700 Doubled inventory in past 2 years…
Pro Forma Capitalization Transaction to be funded through Jones existing senior credit facility Pro forma liquidity of 125 million Pro forma Debt / LTM EBITDAX at 2.5x Capitalization Acquisition Pro Forma (mm) 9/30/2013…
Transaction Summary Overlay existing Jones acreage Mid-Con Expertise 25+ years of operational experience in the region Drilled over 300+ horizontal Cleveland wells (420+ total horizontals) Bolt-on to Cleveland program with…
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