Skip to main content CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. Investor Presentation | Shale Experts
Loading...
Pm

CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc.

Jones Energy Inc. · Dec 12, 2013 · 20 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. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 1
    Capital One Securities, Inc. 8th Annual Energy Conference December 12, 2013
  2. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 2
    Company Summary Jones Energy Total Drilling Locations: 2,529 Canadian Net Acres: 107,000 (80% HBP) Daily Production: 21.9 MBoe/d McAlester Anadarko Basin Key Formation: Cleveland Drilling Locations: 1,718 Daily Production:…
  3. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 3
    Investment Highlights Basin-centric operator Geographic focus Anadarko and Arkoma focus Oil and liquids focus Drilled 450+ horizontal wells Low-cost leader Best in class Cleveland and Woodford operator Cost structure drives strong…
  4. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 4
    Stacked Horizontal Drilling Targets Mid-con Strat Column 25 Year Mid-Con Experts System Series / Generalized Brown Dolomite (v / hz) Epoch Stratigraphic Column Hugoton / Pontotoc 118 (Brown Dolomite) wells 5 2 4 3 5 8 7 3 13 12 9…
  5. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 5
    Best in Class Operator Cleveland Operator Average Days Spud to Total Depth[1] 35 33 31 Competitor Average = 29 Days 29 27 20% Days 25 faster 23 23 21 19 17 15 Jones A B C D E F G H I J K L M N O Woodford Operator…
  6. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 6
    Consistent Acquisition Track Record Major Acquisitions Year Company Purchase Price Summary CRUSADER Solidified Jones leading position in the Cleveland play ENERGY 2009 GROUP INC. 241 million Partnered with Metalmark Capital on…
  7. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 7
    Growth Three Pronged Approach Frack Design Geoscience Stacked Pays Focus Asset New Expansion Ventures Focused effort to aggressively drive Company growth Acquisitions Cost Advantage Negotiated Sales 7
  8. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 8
    Asset Overview
  9. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 9
    Sabine Acquisition Overview Highlights Assets: 26,000 net acres focused in the Significant Cleveland Location Capture: Cleveland core Direct overlay with existing core 225 total drilling locations 186 Cleveland drilling locations…
  10. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 10
    Cleveland Overview Acquired Sabine Existing Jones Liquid Rich Fairway High GOR Area Play Highlights Jones Cleveland Highlights 2,500 vertical wells 300 horizontal wells 1,700 horizontal wells 54 MMBoe proved reserves 3,300…
  11. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 11
    Cleveland Activity Jones Operated Rigs Other Operators Active Operators (24 active rigs) Le Norman Energy Others (7) (4) (4) (3) (2) (4) Source: IHS, Drilling info, company presentations. Rig data as of November 2013.…
  12. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 12
    Historical Cleveland Operating Data Lateral Length (feet) 4,260 Frac Stages 20 4,088 3,948 18 18 3,854 3,600 3,586 3,476 12 12 9 8 2,381 2,056 5 4 4 1,791 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2004 2005…
  13. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 13
    Cleveland Inventory Growth Cleveland Inventory 2004 - 2013 800 Sabine (186 locations) 700 600 Chalker (238 locations) 500 Drilling Locations Crusader 400 (134 locations Shattuck Exxon (33 locations) (234…
  14. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 14
    Cleveland Costs and Performance D&C Costs (mm) Drilling Cost Completion Cost 7.0 3.79mm 6.0 3.45mm 3.11mm 4.00mm Total Well Capex (mm) 5.0 4.0 3.0 2.0 1.0 0.0 Dec.12012 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17…
  15. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 15
    Technical Renaissance Open Hole Completion System Cased + Perf Old New Multiple Type: Open Hole Completion System Cased + Perf Stages: 20 23 Clusters: N/A 69 (3/stage) 3.5x Spacing (ft): 210 60 Prop (MMlb): 1.5 6.9 4.6x Water…
  16. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 16
    Tonkawa Overview Chesapeake Upland Apache Chesapeake IP30 139 BOPD + 339 MCFD IP30 930 BOPD + 1,546 MCFD IP30 552 BOPD + 783 MCFD IP30 172 BOPD + 238 MCFD Tonkawa provides incremental growth opportunity with 208 drilling…
  17. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 17
    Woodford Overview Vanguard AMI Jones Operated Rigs Other Operators Jones Acreage BP Acreage Vanguard Acreage Rig data as of October 31, 2013. 17
  18. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 18
    Pro Forma Asset Summary Proved Reserves Net Acres Current Net Production 17% 16% 24% 83% 76% 84% 84 MMBoe [1] 107,000 Net Acres 21,900 Boe/d Jones Sabine Acquisition Acquisition increases Cleveland reserves by…
  19. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 19
    Pro Forma Capitalization Transaction to be funded through Jones existing senior credit facility Pro forma liquidity of 125 million Pro forma Debt / LTM EBITDAX at 2.5x Capitalization Acquisition Pro Forma (mm) 9/30/2013…
  20. CAPITAL ONE SECURITIES INC 8TH ANNUAL ENERGY CONFERENCE – Jones Energy Inc. – slide 20
    Hedging Position as of 12/1/13 Crude Oil Swaps Natural Gas Swaps NGLs Swaps 5,000 (Bbl/d) 40,000 (Mcf/d) 5,000 (Bbl/d) 4,500 4,500 35,000 4,000 4,000 30,000 3,500 3,500 25,000 3,000 3,000 2,500 20,000 2,500 2,000…

From the store

Browse maps, data & reports in the Shale Experts store