Capital One Securities 12 th Annual Energy Conference December 6, 2017
Jones Energy Overview JONE Western Anadarko Basin Eastern Anadarko Basin MERGE Asset Summary NYSE Ticker CLEVELAND Merge 21,000 net acres Production of 5.6 Mboe/d [2] 1.02 Class A Common Western Anadarko Basin Share Price [1]…
Recent JONE Highlights Merge Recent batch of 4 Meramec wells achieve average peak IP30 rate of 205 Boe/d per 1,000 lateral foot, collectively exceeding type curve expectations. Well Gen-3 Woodford wells continue to meet or exceed…
2018 Operating Budget Initial Thoughts Merge Focused JONE considering UP TO a 3-rig program in the Merge for 2018 Today JONE is running 2-rigs in the Merge, zero rigs in the Western Anadarko Assuming 2018 D&C costs of 100 mm gross (60…
JONE Overview of Eastern Anadarko Basin (STACK/Merge/SCOOP) Anadarko Basin Merge NW Stratigraphic Column Eastern Anadarko is one STACK Kingfisher Big Lime contiguous fairway. Blaine Blackjack Oswego Creek Dewey Merge located…
Merge Poised To Follow Similar Progression to SCOOP/STACK NFX Identifies Meramec Potential Merge Delineation and Citizen Energy Gov. James well STACK While Pushing Woodford Up Dip CLR Establishes SCOOP Establishes Meramec Potential…
Merge Represents Best of Both from STACK/SCOOP Meramec Woodford Fairway Oil Fairway Mississippian Wells JONE Acreage Woodford Wells Mississippian Play Type: JONE Acreage Meramec (Siltstone) Upper Woodford Sycamore (limestone)…
Merge Woodford: Industry Leaders Affirm JONE Thesis Recent announcements at 3Q 2017 JONE Bomhoff & Rosewood area Bomhoff 1H 741 Boe/d (32% Oil) earnings from XEC and EOG affirm Rosewood 3H 739 Boe/d (47% Oil) JONE acreage quality.…
Merge Meramec Evolution PRE - 2015 2016 - JONE Entrance 2017 JONE Bomhoff & Rosemary pads CLR Pudge & Ryan Citizen Energy Gov. James Express pads 5,000 lateral length IP30: 2,074 Boe/d (70% Oil) Ward Petroleum Lynda…
JONE Operated Well Results Strong Meramec results from all wells drilled to-date Woodford differentiated by completion design Target Lateral Producing Peak 24Hr IP Peak 30 Day IP Well Name Formation Length Days Bo Mcf Boe Boe/1,000'…
JONE Operated Well Results and Notable Density Trials 1 Bomhoff 1H Current density Peak IP30: 177 Boe/d per 1,000 trials being monitored: XEC 3 CANADIAN 1 Bomhoff 2H Shelly (XEC 1) Peak IP30: 304 Boe/d per 1,000 XEC (2) Woodford…
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 Potential Upside Inventory…
Drill Pace Driving Merge Execution and Efficiencies JONE Drill Times Spud to TD [1] 25 23.7 Fastest well 21.1 drilled in JONE 20 18.8 history during Drilling Days 15 13.9 4Q17 10 9.2 5 0 1Q17 2Q17 3Q17 4Q17 to-date…
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…
Summary Budgeting for 2018 underway. Rapidly advancing Meramec data set. Woodford quality affirmed by offset operators. High profile density testing underway. Drilling efficiencies continue to set records. Operating path outlined…
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 4Q17E Total Production (MMBoe) 7.6 7.7 1.8 1.9 Average Daily Production (MBoe/d) 20.8 21.2 19.0 20.8 Crude Oil (MBbl/d) 5.2 5.3 5.5 6.0 Natural Gas (MMcf/d) 54.2 55.4 44.6 49.5 NGLs (MBbl/d) 6.6 6.7…
Experienced Management Team Founded Jones Energy in 1988 +30 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 9.6 million shares 90.1 million shares Metalmark, 10% of voting power in 90% of voting power in Management Jones Energy, Inc. Jones Energy, Inc. Public & Other…
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