AUSTIN, Texas, Feb. 06, 2018 -- Jones Energy Inc. , announced today several changes to the composition of its Board of Directors and each of its standing committees. Effective as of February 5, 2018, the Board has expanded the size of the Board from five to seven members and appointed three new directors: Mr. John Lovoi, founder and managing partner of JVL Advisors L.L.C., one of the Company’s largest shareholders [...]
AUSTIN, Texas, Feb. 05, 2018 -- Jones Energy Holdings, LLC and Jones Energy Finance Corp. , both subsidiaries of Jones Energy Inc. , announced today that they plan to offer, subject to market conditions, $450 million aggregate principal amount of senior secured first lien notes due 2023 . The notes will be guaranteed on a senior secured basis by the Company and certain of the Company’s subsidiaries that guarantee [...]
AUSTIN, Texas, Feb. 05, 2018 -- Jones Energy Inc. today provided its 2017 year-end reserves, an operations update and initial 2018 guidance. Highlights Bone 2H Meramec well achieves peak IP24 rate of 1,878 Boe/d . Peak oil rate of 1,015 Bo/d or 232 Bbls per 1,000’ of lateral, sets new Company record in the Merge. Fourth quarter 2017 average production of approximately 21,200 Boe/d, 6.5% above the midpoint of [...]
AUSTIN, Texas, Feb. 05, 2018 -- Jones Energy Inc. is pleased to announce that it received notice from the New York Stock Exchange on February 1, 2018 that the Company has regained compliance with the NYSE’s continued listing standards. As previously announced, on December 26, 2017 the Company received a deficiency notification from the NYSE because the Company’s average closing price per share of Class A [...]
AUSTIN, Texas, Jan. 18, 2018 -- Jones Energy Inc. today announced that its Board of Directors has declared a 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. The dividend will be paid in the Company’s Class A common stock. The price per share of the [...]
AUSTIN, Texas, Dec. 29, 2017 -- Jones Energy Inc. today announced that it received notification on December 26, 2017 from the New York Stock Exchange that the Company was noncompliant with certain continued listing standards because the price of the Company’s Class A common stock over a period of 30 consecutive trading days had fallen below $1.00 per share, which is the minimum average closing price per share [...]
AUSTIN, Texas, Dec. 05, 2017 -- Jones Energy Inc. announced today that the Company will participate in Capital One Securities 12th Annual Energy Conference in New Orleans, LA. Mike McConnell, Company Director and President, will present at the conference on Wednesday, December 6, 2017 at 2:00 p.m. CT. The presentation and webcast for the conference will be posted to the Company’s website at www.jonesenergy.com in [...]
AUSTIN, Texas, Nov. 27, 2017 -- Jones Energy Inc. announced today that the Company is exploring strategic alternatives as well as opportunities to strengthen its balance sheet and is working with financial advisors in this process. “Earlier today we announced modifications to our credit facility which will provide for the continued development of our Merge assets in 2018,” said Jonny Jones, Chairman and Chief [...]
AUSTIN, Texas, Nov. 27, 2017 -- Jones Energy Inc. announced today that the lenders under its senior secured revolving credit facility have completed the regularly scheduled Fall redetermination of the Company’s borrowing base and the Company has successfully amended the terms of the credit agreement to provide significantly increased financial flexibility. As a result of the Fall redetermination, the Company’s [...]
Jones Energy today announced financial and operating results for the third quarter ended September 30, 2017 and updated guidance for 2017, including initial fourth quarter 2017 guidance.
Jones Energy announced today that it plans to release its third quarter 2017 financial and operational results on Tuesday, November 7, 2017 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 on Wednesday, November 8, 2017 at 10:30 a.m. ET (9:30 a.m. CT). The conference call can be accessed via webcast through the [...]
Jones Energy today announced that its Board of Directors has declared a 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. The dividend will be paid in the Company’s Class A common stock. The price per share of the Class A common stock used to determine the [...]