AUSTIN, Texas--(BUSINESS WIRE)--
Jones Energy, Inc. (NYSE:JONE) ("Jones Energy" or "the Company") today
provided an update on the Company's 2014 leasing program. To date in
2014, the Company has secured new leases totaling just over 10,000 net
acres, primarily in the Texas panhandle. The acquired acreage will yield
approximately 78 net drilling locations in the Cleveland formation
alone, more than replacing the total number of budgeted Cleveland wells
for the full year 2014. The Company expects that many of the leases
acquired will be prospective for other formations in addition to the
Cleveland. As of mid-year, the Company has spent approximately half of
the budgeted leasing dollars for 2014 and continues to actively seek
additional leases across the basin.
Jonny Jones, Chairman and CEO of Jones Energy, stated, "We have been
very successful in expanding our acreage position within the Anadarko
basin during the first half of the year through our leasing efforts. Our
ability to replace all of the budgeted Cleveland drilling locations for
2014 at such attractive lease rates should provide significant value for
our shareholders. We are excited about the prospect of continued
inventory growth during the second half of this year."
Jones Energy today also announced that it plans to release its second
quarter financial and operational results on Wednesday, August 6, 2014
after the market closes. In connection with the earnings release, Jones
Energy will host a conference call for investors and analysts to discuss
its results for the quarter on Thursday, August 7, 2014 at 10:00 a.m. ET
(9:00 a.m. CT). The conference call can be accessed via webcast through
the Investor Relations section of Jones Energy's website, www.jonesenergy.com,
or by dialing (877) 201-0168 (for domestic U.S.) or (647) 788-4901
(International) and entering conference code 70194786.
A telephonic replay will be available approximately two hours after the
call on August 7, 2014 through Thursday, August 14, 2014. Participants
may access this replay by dialing (855) 859-2056 (for domestic U.S.) or
(404) 537-3406 (International), and entering conference code 70194786. A
replay of the conference call may also be found on the Company's website.
About Jones Energy
Jones Energy, Inc. is an independent oil and natural gas company engaged
in the development and acquisition of oil and natural gas properties in
the Anadarko and Arkoma basins of Texas and Oklahoma. Additional
information about Jones Energy may be found on the Company's website at: www.jonesenergy.com.
Source: Jones Energy, Inc.