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2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc.

Jones Energy Inc. · Nov 12, 2013 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 1
    Jefferies Global Energy Conference November 12, 2013
  2. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 2
    Company Summary Founded in 1988 Jones Energy Total Headquartered in Austin, Texas Drilling Locations: 2,435 Net Acres: 80,977 (80% HBP) Daily Production: 18.5 MBoe/d Sept. 2013 production 18.5 Mboe/d 54% liquids, 25% oil…
  3. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 3
    Investment Highlights Mid-Con pure-play opportunity Geographic focus Focused on oil and liquids-rich opportunities Concentrated positions in the Anadarko and Arkoma basins Drilled 420+ horizontal wells Low-cost leader Best in…
  4. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 4
    25 Year Mid-Con Experts Mid-con Strat Column Other Zones Jones Energy Has Drilled Significant Operated Development Programs System Series / Generalized Brown Dolomite (v / hz) Epoch Stratigraphic Column Hugoton / Pontotoc 118…
  5. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 5
    Best in Class Operator Cleveland Operator Average Days Spud to Total Depth[1] 35 33 Competitor Average = 29 Days 31 29 20% 27 faster Days 25 23 23 21 19 17 15 Jones A B C D E F G H I J K L M N O Woodford…
  6. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 6
    Cost Impact on Returns Cleveland /boe AFE / EUR[1] IRR 12.00 100% 10.00 9.89 88% 80% 10.00 80% 8.00 6.50 6.53 60% 6.00 40% 4.00 2523% - 30% 2.00 20% - - Industry Average[2][3] Implied Average[2] Woodford AFE /…
  7. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 7
    Substantial Drilling Inventory Gross Identified 2013 Drilling & Completion Capex by Area: 215mm Drilling 2013 D&C Capex Formation Density Locations (mm) Cleveland 5 521 195 2% 7% Tonkawa 4 194 - Marmaton 4 351 - Woodford 5/8…
  8. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 8
    History of Value Creation Over 700mm in Acquisitions Since 12/31/09 Major Acquisitions Bolt Ons Year Company Play / Purchase Price Year Company Purchase Price 245 million 2009 CRUSADER 2010 33 million ENERGY Cleveland play GROUP…
  9. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 9
    Asset Overview
  10. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 10
    Cleveland Overview LIPSCOMB WOODWARD HANSFORD ELLIS OCHILTREE DEWEY HUTCHINSON ROBERTS HEMPHILL ROGER MILLS CUSTER Jones Acreage High GOR Area Liquid Rich Fairway Historical Activity Acreage Position…
  11. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 11
    2013 Cleveland Activity and Results Jones Energy Jones Energy Houser 242-4H J.B. Doyle 704-12H IP30: 273 BOPD & IP30: 232 BOPD & 1,288 MCFD OCHILTREE 1,842 MCFD LIPSCOMB Jones Energy Jones Energy Tubb 194-2H J.B. Doyle 704-14H…
  12. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 12
    Cleveland Frac Evolution 1964 Lateral 3488 Lateral 3863 Lateral 4370 Lateral 4350 Lateral 4 Stage PP 8 Stage PP 20 Stage PP 18 Stage PP 23 Stage CP 25 Q CO2 25 Q CO2 60 Q CO2 60 Q CO2 Slickwater 2004 2005 2006 2007 2008 2009…
  13. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 13
    2013 South Cleveland Type Curve & Economics Type Well Profile Type Curve 10,000 100,000 Gross EUR 397 MBoe Oil Wet Gas Total [2] (Bbl/d) (Mcf/d) (Boe/d) 30 Day IP 279 813 461 Wet Gas 1,171 MMcf Cumulative Production (% of Total…
  14. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 14
    Jones Operated Historical Data Cleveland IP 30 Historical Data (2011-2013) [1] Historic IP30 Historic IP30 Median: 443 Boe/d Average: 516 Boe/d 25 20 Well Count (95) 15 10 5 0 0-50 50-100 100-200 200-300 300-400…
  15. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 15
    Historical Cleveland Operating Data Lateral Length (feet) [1] Frac Stages [1] 4,260 20 4,088 18 18 3,948 3,854 3,600 3,586 3,476 12 12 9 8 2,381 5 2,056 4 4 1,791 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2004…
  16. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 16
    Cleveland Inventory Growth Cleveland Inventory 2004 - 2013 Key Points 600 Jones acquired locations Chalker through 7 deals as well as an active leasing program Exxon 234 (2004) 500 Shattuck 33 (2006) BP 24 (2007) ConocoPhillips 10…
  17. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 17
    Woodford Overview Wells and Acreage XTO Energy Vanguard AMI Jones Energy GRIFFIN 5H-9 MILLIS 2H-8 COMP: 4/13/2010 COMP: 4/2/2013 IP30: 3,571 MCFD IP30: 3,446 MCFD Continental Resources BLEVINS 1-1H COMP: 9/4/2008 IP30:…
  18. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 18
    Woodford Type Curve & Economics Type Well Profile Type Curve [4] Oil Wet Gas Total [3] (Bbl/d) (Mcf/d) (Boe/d) 30 Day IP 9 2,585 597 Gross EUR 711 MBoe 10,000 Cumulative Production (% of Total EUR) 100,000 1 Year 44% 18% 19% 3…
  19. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 19
    Selected Historical Financials Proved Reserves (MMBoe) 3-Year Average F&D Costs (/Boe) 49 83 85 35 29 26 25 23 19 21 18 19 Median: 14.73 16 16 16 34 14 14 14 14 14 14 15 15 12 12 11 11 9 7 7 8 2010A 2011A 2012A…
  20. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 20
    Guidance vs. 3Q13 Results Within Annual Metrics Q3 Actual Implied Q3 Estimate Guidance Range Production (MBoe/d) 17.4 17.4 % Liquids 54.0% 56.5% Capex (mm) 64.4 68.2 LOE (/boe) 4.85 4.65 Cash G&A (/boe) 2.46…
  21. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 21
    Appendix
  22. 2013 JEFFERIES GLOBAL ENERGY CONFERENCE – Jones Energy Inc. – slide 22
    Adjusted EBITDAX Reconciliation Jones Historical Pro forma Jones Historical Pro forma Dec 31, Dec 31, Sept 30, Sept 30, Sept 30, Sept 30, Sept 30, in millions 2010 2011 2012 2012 2012 2013 2012 2013 LTM Net income 24,780 61,130…

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