Jones Energy Inc.

Jones Energy II, Inc. today announced that it has entered into a definitive merger agreement to be acquired by Revolution II WI Holding Company, LLC , an affiliate of Mountain Capital Partners, LP , in an all-cash transaction valued at approximately $201.5 million. Under the terms of the merger agreement, which has been unanimously approved by the Jones Energy Board of Directors and a majority of the Jones Energy [...]

Jones Energy Inc. today announced that it is emerging from bankruptcy. The Company emerges following satisfaction of all of the conditions to effectiveness under the Company’s prepackaged chapter 11 plan , previously confirmed by the United States Bankruptcy Court for the Southern District of Texas less than two weeks ago on May 6, 2019. The Plan fully equitizes the Company’s outstanding prepetition funded [...]

Jones Energy Inc. today announced that the United States Bankruptcy Court for the Southern District of Texas, Houston Division , confirmed the prepackaged Joint Chapter 11 Plan of Reorganization of Jones Energy Inc. and its Debtor Affiliates . The Plan enjoys the overwhelming support of the Company’s stakeholders, and the Company expects to complete its restructuring and successfully emerge from chapter 11 on May [...]

Jones Energy Inc. today announced that the Company, consistent with its prior announcement on April 3, 2019 regarding the Company’s entry into a comprehensive Restructuring Support Agreement with its First Lien and Unsecured Noteholders, voluntarily filed petitions for relief under chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division . On April 14 [...]

Jones Energy Inc. today announced that, after engaging in extensive, arm’s-length, good-faith negotiations, it and holders of approximately 84% in principal of the First Lien Notes and approximately 84% in principal of the Unsecured Notes entered into a restructuring support agreement on April 2, 2019 that contemplates a comprehensive balance sheet restructuring to be implemented through a prepackaged chapter 11 [...]

Jones Energy Inc. today announced financial and operating results for the fourth quarter and full year ended December 31, 2018. The Company also announced its 2018 year-end proved reserves as well as initial first quarter 2019 production guidance and 2019 capital budget. Highlights Second operated WAB Marmaton well, Malinda-1HR achieves peak to-date IP30 rate of 1,144 Boe/d consisting of 864 Bo/d and 1,679 Mcf/d, with gas rates still increasing. Merge Meramec single-section well, Margaret 2H achieved peak IP30 rate of 1,074 Boe/d consisting of 676 Bo/d and 2,387 Mcf/d. Merge 2-mile lateral Meramec well, Tomahawk-1HX achieves peak IP30 rate of 1,697 Boe/d consisting of 732 Bo/d and 5,792 Mcf/d. Average daily net production for the fourth quarter 2018 achieves 22,109 Bo... [...]

Jones Energy Inc. is announcing that it will forgo payment of its previously declared contingent dividend on its 8% Series A Perpetual Convertible Preferred Stock . The foregone dividend is for the period beginning on the last payment date of November 15, 2018 through February 14, 2019, payable to holders of Preferred Stock of record as of February 1, 2019. In order for the Company to pay the dividend in full in shares of [...]

Jones Energy Inc. today announced that its Board of Directors has again approved a further extension of the conversion window for holders of the Company’s 8.0% Series A Perpetual Convertible Preferred Stock giving such holders special rights to convert shares of Preferred Stock to Class A Common Stock at a premium to the existing conversion rate, previously set to expire on February 15, 2019. The special rights [...]

Jones Energy Inc. today announced that its Board of Directors has approved a further extension of the conversion window for holders of the Company’s 8.0% Series A Perpetual Convertible Preferred Stock giving such holders special rights to convert shares of Preferred Stock to Class A Common Stock at a premium to the existing conversion rate, previously set to expire on February 1, 2019. The special rights conversion [...]

Jones Energy Inc. today announced that its Board of Directors has declared a contingent quarterly dividend per share equal to 8.0% on an annualized basis based on the liquidation preference of $50.00 per share, or $1.00 per share, on the Company’s 8.0% Series A Perpetual Convertible Preferred Stock . If paid, the dividend will be paid in the Company’s Class A common stock. The price per share of the Class A [...]