Barclays CEO Energy-Power Conference September 2017
Jones Energy Overview NYSE Ticker JONE Common share price 1.08 Preferred share price [1] 26.00 Equity Market Cap (mm) Common stock 106 Preferred stock [1] 48 Total Equity market cap 154 Enterprise Value (mm) 734 Common…
Corporate Snapshot Asset Summary Eastern Anadarko Basin (Merge) 21,000 net acres Western Anadarko Basin 2Q17 production of 2.0 Mboe/d Cleveland Western Anadarko Basin 158,000 net acres Eastern Anadarko Basin 2Q17 production of…
Financial Snapshot Continue to manage the balance sheet and create financial flexibility March 2017: Paid down revolver with 17.5 million from JEI to JEH via Class A stock dividend August 2017: Arkoma Woodford divestiture, sold for…
What is the Merge Play Anadarko Basin Merge Merge located between the NW Stratigraphic Column STACK Big Lime STACK and the SCOOP within Blackjack Oswego Creek the Anadarko Basin Dewey Pennsylvanian Blaine Kingfisher Prue…
Merge Poised To Follow Similar Progression to SCOOP/STACK NFX Identifies Meramec Potential While Pushing Woodford Up Dip Citizen Energy Gov. James well Merge Consolidation, STACK CLR Establishes SCOOP Establishes Meramec Potential…
Merge Upper Woodford Direct Extension of SCOOP Upper Woodford flow unit extends Upper Woodford Thickness northward across Merge originating from SCOOP. Landing points in the Woodford are defined by optimal rock properties. JONE…
Keys to Woodford Success: Frac Design Evolution Initial Conclusions: Tighter stage spacing and greater proppant loading GEN 3 driving well performance. Today GEN 2 Fluid Cluster Stage JONE enters Proppant GEN Concentration…
Merge Meramec Direct Extension of STACK Siltstone Dominated Continuation of Mississippian age STACK Meramec (Meramec) reservoir from STACK (Unconventional) Southern extent of position transitions to organic shale and limestone…
JONE Merge Position Merge Entry: Today: September 2016 September 2017 Net Acres: 16,9751 21,279 Operated Sections: 19 35 Total Sections: 219 235 Gross Resource2 Gross Resource2 Loc. (MMBoe) Loc. (MMBoe) Meramec 740 115 1,106…
Merge Key Players and JONE Well Highlights 1 Gary 1H-3601X 7,249 Lateral Length Merge dominated by Peak IP30: 699 Bo/d & 3,488 Mcf/d CANADIAN STACK and SCOOP 2 Osborn 1H-20 4,930 Lateral Length players Peak IP30: 166 Bo/d & 2,620…
Current Merge Rig Activity Rigs by operator on the JONE Merge footprint CANADIAN OKLAHOMA Operator of Rigs Citizen Energy 3 NFX 3 JONE 2 LINN 2 CLEVELAND XEC 2 89 Energy 1 APA 1 Casillas Petroleum 1 GRADY Chaparral Energy…
Full Field Development on the Horizon Density tests currently underway in both the Meramec and Woodford could significantly enhance current spacing assumptions. JONE Current Location Inventory JONE Upside Potential Upside…
Merge Development Plan Defined development areas of consistent geology [1] Hydrocarbon phase Yukon Pressure gradient Landing point Drilling depth range El Reno Multi-year strategy to maximize resource value 2 rigs delineate…
Driving Efficiencies in the Merge Average Drilling Days Average Drilling Days All Townships on JONE Footprint Active Townships on JONE Footprint with 3 Wells 50 30 Average Drilling Days per 15,000' Average Drilling Days per…
Upcoming Merge Catalysts Third Merge rig Long lateral drilling - both 7,500 and 10,000 wells Specific bench testing Further completion optimization Pad drilling Density trials Gradual ramp in rigs All in on the Merge 17
APPENDIX
Merge Type Curve Data Type Curve for IP Range EUR Range Gross AFE Range % Oil % Liquids 5,000 lateral (Boe/d) (MBOE) Locations (mm) Meramec 1,000 1,500 950 1,200 25 - 50% 65 75% 1,016 5.4 - 6.1 Woodford 600 1,300 800 2,000 25 75%…
2017 Guidance Updated 2017E 3Q17E Total Production (MMBoe) 7.6 8.0 1.8 1.9 Average Daily Production (MBoe/d) 20.7 22.0 20.0 21.0 Crude Oil (MBbl/d) 5.5 5.9 5.3 5.6 Natural Gas (MMcf/d) 52 55.3 49.3 51.6 NGLs (MBbl/d) 6.5 6.9 6.5…
Experienced Management Team Founded Jones Energy in 1988 33 years of industry experience focused in the US Mid-Continent Formerly geologist with subsidiaries and affiliates of British Petroleum Active in the American Association of…
Corporate Structure Class B Common Stock Class A Common Stock 23.7 million shares 74.3 million shares Metalmark, 24% of voting power in 76% of voting power in Management Jones Energy, Inc. Jones Energy, Inc. Public & Other…
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