Jones Energy Overview NYSE Ticker: JONE Share Price: 4.30 Common Stock: 373 million Preferred Stock: 92 million Total Equity Market Cap: 465 million Enterprise Value: 1.2 billion Common Stock: Class A: 56.9 million Class…
Proven Mid-Con Operator 700 Brown Dolomite 72 wells 600 Cleveland 525 wells Cumulative Horizontal Wells Drilled 500 Drilled 700 horizontal wells in 400 Mid-Con over Granite Wash 28 wells company history 300 Arkoma…
Transformative STACK/SCOOP Acquisition Expands Mid-Con footprint to STACK/SCOOP Acquisition 18,000 net acres primarily in Canadian & Grady Counties, OK for 136.5 MM Western Anadarko Basin Cleveland Implied acreage value of…
Industry View of STACK/SCOOP Play Play boundaries driven by geography, not geology Stratigraphic Column Oswego Pennsylvanian STACK Cherokee JONE Acreage in CANA Morrow Merge Area Springer OKC Chester Mississipian…
Jones View of STACK/SCOOP Play Woodford productive fairway is continuous from north to south Jones acreage is in the heart of productive fairway Stratigraphic Column Oswego Pennsylvanian Cherokee Meramec/Sycamore Fairway…
Compelling Recent Well Results Most recent results highlighted in yellow Devon Newfield Wildcard 2215-1H OKLAHOMA Peters 1H 15X Spud Sept 2014 CANADIAN Spud Aug 2014 Meramec Woodford IP30: 757 BOE/D (75% oil) IP30: 918 BOE/D (80%…
Attractive Resource with Upside Potential Majority of acreage in oil window JONE Acreage 10 rigs running on acquisition footprint Phase Boundary NFX, MRO, CLR, XEC, CHK, LINN, and Citizen Active Industry Rigs Energy currently…
Recently Completed Bolt-on Cleveland Acquisition 26.3 million for 25,000 net acres in Anadarko Basin Net production of 850 Boe/d as of August 2016 Direct overlay with existing footprint Expected to add 92 gross/68 net Cleveland…
Drilling Faster than Ever in the Cleveland 50% decrease in Cleveland AFE since year-end 2014 Vendor cost reductions and efficiency gains have resulted in savings Have broken all previous drilling records since resuming Cleveland…
Positioned to Grow Production and Improve Credit Metrics Potential to grow 2017 production by 25% with only a 20 million outspend Company expects to remain compliant with all debt covenants through 2017 and beyond 2017 Potential…
Jones Energy: Premier Mid-Con Pure Play Decades of Mid-Con Operating Expertise Premier Asset Balance Sheet & Base with Liquidity to Multi-Year Facilitate Growth Inventory 12