Skip to main content 1Q16 Earnings Presentation – Jones Energy Inc. | Shale Experts
Loading...
Pm

1Q16 Earnings Presentation – Jones Energy Inc.

Jones Energy Inc. · May 4, 2016 · 12 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. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 1
    1Q16 Earnings Presentation May 4, 2016
  2. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 2
    Solid 1Q16 Results 1Q production above guidance 30% 26% Continued strong operating performance 1Q16 Production Resuming Cleveland drilling program 44% 2.03 MM current AFE Oil Gas NGL 1 Cleveland rig running since April 3…
  3. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 3
    Increased Cleveland Type Curve Key statistics shown below for 3P Cleveland type curve for higher density wells Type curve verified as part of audited 2015 reserve report Oil consistent with 2015 type curve but gas and NGLs higher…
  4. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 4
    Returns Support Drilling Program Locking in attractive returns through hedging Cleveland Well Level IRR 60% 50% 1.8mm AFE 40% 2.0mm AFE Pre-Tax IRR 30% 20% 10% 0% Spud Month Note: Incorporates forward strip…
  5. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 5
    Drilling Program Reverses 2016 Production Decline 4Q15 to 4Q16 production decline rate cut in half with updated plan Positions JONE for 2017 production growth and positive FCF generation 2016 Production Profile 25.0 20.0 YoY…
  6. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 6
    Updated 2016 Guidance and 2Q Production Guidance Previous 2016E Updated 2016E 2Q16E Total Production (MMBoe) 5.6 6.2 6.2 6.8 1.6 1.7 Average Daily Production (MBoe/d) 15.5 17.0 16.8 18.7 17.3 18.3 Crude Oil (MBbl/d) 3.6 3.9 4.3…
  7. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 7
    106 MM Debt Reduction Due to Bond Buybacks Bought back 191 MM in bonds for 85 MM 13 MM in expected annual interest savings; 90 MM saved over life of bonds Debt Maturities Summary 600 500 Repurchased 91 MM in 2022 notes…
  8. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 8
    Hedge Gains Provide Financial Flexibility Locked in 50 million in 2018/19 hedge gains; can be used as EBITDAX in 2016/17 Improves credit metrics and maintains Debt/EBITDAX below 4x into 2018 JONE MTM Hedge Gains of 173 MM as of April…
  9. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 9
    Forecasted Cash Tax Distribution for 2016 Cash tax distribution to JEH members based on projected 2016 taxable income 38.3 mm previous estimate disclosed in 10K* is now 22.9 mm with resumed drilling Corporate Structure Future…
  10. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 10
    Current Net Hedge Position Incorporates recent additions due to drilling program resumption 2016 2017 2Q 3Q 4Q 1Q 2Q 3Q 4Q Crude Swaps (Mbbl) 389 363 380 419 440 390 345 Hedge Price / Bbl 93.45 97.05 89.27 68.97 66.93 65.09 66.76…
  11. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 11
    NGL Hedge Position Detail 2016 2017 2Q 3Q 4Q 1Q 2Q 3Q 4Q Mt. Belvieu NGLs (MBbl) Ethane - - - - - - - Propane 22 35 33 30 30 30 30 Iso Butane 3 3 - 3 3 1 - Butane 15 15 12 12 12 12 12 N. Gasoline 18 18 13 12 12 12 12 Sub-Total…
  12. 1Q16 Earnings Presentation – Jones Energy Inc. – slide 12
    2018/2019 Hedges with Offset Transactions Total crystallized gain of 47 million in 2018/19 2018 2019 Oil Swaps Sold (Mbbl) 803 339 Hedge Price / Bbl 77.47 64.65 Oil Swaps Purchased (Mbbl) (803) (339) Hedge Price / Bbl 46.83…

From the store

Browse maps, data & reports in the Shale Experts store