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Form S-3MEF Jones Energy, Inc.

August 19, 2016 6:04 AM

 

As filed with the Securities and Exchange Commission on August 19, 2016

Registration Statement No. 333-          

 

 

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form S-3

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

 

Jones Energy, Inc.*

Jones Energy Holdings, LLC

Jones Energy Finance Corp.

(Exact name of registrant as specified in its charter)

 

Delaware

 

80-0907968

Delaware

 

27-1495091

Delaware

 

32-0436247

(State or other jurisdiction of

 

(I.R.S. Employer

incorporation or organization)

 

Identification No.)

 

807 Las Cimas Parkway
Suite 350
Austin, TX 78746
(512) 328-2953

(Address, including zip code, and telephone number, including area code, of registrants’ principal executive offices)

 

Robert J. Brooks
807 Las Cimas Parkway
Suite 350
Austin, TX 78746
(512) 328-2953

(Name, address, including zip code, and telephone number, including area code, of agent for service)

 

Copies to:

 

Michael L. Bengtson

Mollie Duckworth

Baker Botts L.L.P.

98 San Jacinto Blvd., Suite 1500

Austin, Texas 78701

(512) 322-2500

 

*GUARANTORS

 

Exact name of registrant
as specified in its charter(1)

 

Jurisdiction of
Incorporation/Organization

 

I.R.S. Employer
Identification  No.

Nosley Assets, LLC

 

Delaware

 

35-2456460

Jones Energy, LLC

 

Delaware

 

75-2458861

 

(1)The address for each registrant’s principal executive office is 807 Las Cimas Parkway, Suite 350, Austin, Texas 78746, and the telephone number of each registrant’s principal executive office is (512) 328-2953.

 

Approximate date of commencement of proposed sale to the public: From time to time after this registration statement becomes effective.

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box:  o

 

If any of the securities being registered on this Form are being offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box:  x

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  x Registration No. 333-211568

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  o

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  o

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.  o

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

o

 

Accelerated filer

x

Non-accelerated filer

o (Do not check if a smaller reporting company)

 

Smaller reporting company

o

 


 

CALCULATION OF REGISTRATION FEE

 

Title of Each Class of Securities to be
Registered(1)

 

Amount to be
Registered

 

Proposed Maximum
Offering
Price per Security(2)

 

Proposed Maximum
Aggregate
Offering Price(2)(3)

 

Amount of
Registration
Fees(3)

 

Debt Securities(4)

 

 

 

 

 

 

 

 

 

Guarantees of Debt Securities(4)

 

 

 

 

 

 

 

 

 

Class A Common Stock, par value $0.001 per share

 

 

 

 

 

 

 

 

 

Preferred Stock, par value $0.001 per share

 

 

 

 

 

 

 

 

 

Depositary Shares(5)

 

 

 

 

 

 

 

 

 

Warrants

 

 

 

 

 

 

 

 

 

Units

 

 

 

 

 

 

 

 

 

Purchase Contracts

 

 

 

 

 

 

 

 

 

Total:

 

N/A

 

N/A

 

$

10,000,000

 

$

1,007

 

 

(1)

 

This registration statement covers an indeterminate number or amount of debt securities, guarantees of debt securities, Class A common stock, preferred stock, depositary shares, warrants, units and purchase contracts as may from time to time be issued by the registrants, which together shall have an aggregate initial offering price not to exceed $10,000,000. This registration statement also covers an indeterminate amount of securities that may be issued in exchange for, or upon conversion or exercise of, as the case may be, the debt securities, preferred stock or warrants registered hereunder, including under any applicable anti-dilution provisions. In addition, pursuant to Rule 416 under the Securities Act of 1933, as amended (the “Securities Act”), the shares being registered hereunder include such indeterminate number of shares of common stock and preferred stock as may be issuable with respect to the shares being registered hereunder as a result of stock splits, stock dividends or similar transactions. Any securities registered hereunder may be sold separately or as units with other securities registered hereunder. No separate consideration will be received for any securities registered hereunder that are issued in exchange for, or upon conversion of, as the case may be, the debt securities, preferred stock or warrants registered hereunder.

(2)

 

The proposed maximum offering price per share and the proposed maximum aggregate offering price per class of securities will be determined, from time to time, by the registrant in connection with the issuance by the registrant of the securities registered hereunder and is not specified as to each class of securities pursuant to General Instruction II.D. of Form S-3 under the Securities Act.

(3)

 

In accordance with Rule 462(b) under the Securities Act of 1933, as amended, or the Securities Act, an additional amount of securities having a proposed maximum aggregate offering price of no more than 20% of the maximum aggregate offering price of the securities eligible to be sold under the registration statement on Form S-3, as amended (File No. 333-221568), is hereby registered, which includes shares of Class A common stock that may be sold upon the exercise of the underwriters’ option to purchase additional shares of Class A common stock. The registrant previously registered a maximum aggregate offering price of $150,000,000 on a registration statement on Form S-3, as amended (File No. 333- 221568), which was declared effective by the Securities and Exchange Commission on July 26, 2016.

(4)

 

The direct and indirect subsidiaries of Jones Energy, Inc. set forth above under “Guarantors” may be guarantors of some or all of the debt securities registered hereunder and, therefore, have been listed as Co-Registrants for the purpose of providing guarantees, if any, relating to the debt securities registered hereunder. Pursuant to Rule 457(n), no separate fee is payable with respect to the guarantees of the debt securities being registered.

(5)

 

Depositary shares will represent functional interests in the preferred stock registered hereby.

 

This registration statement shall become effective upon filing with the Commission in accordance with Rule 462(b) under the Securities Act.

 

 

 



 

EXPLANATORY NOTE AND INCORPORATION OF CERTAIN INFORMATION BY REFERENCE

 

We are filing this registration statement with the Securities and Exchange Commission pursuant to Rule 462(b) under the Securities Act of 1933, as amended. This registration statement relates to the public offering of securities contemplated by the registration statement on Form S-3, Registration No. 333-221568, originally filed by us on May 25, 2016, as amended and supplemented, and is being filed for the sole purpose of increasing the proposed maximum aggregate offering price to the public set forth in the registration statement originally filed on May 25, 2016, as amended and supplemented, by $10,000,000. The contents (including exhibits) of the registration statement originally filed on May 25, 2016, as amended and supplemented, are hereby incorporated by reference.

 

The registrants hereby (i) undertake to pay the Commission the filing fee set forth on the cover page of this Rule 462(b) Registration Statement by a wire transfer of such amount as soon as practicable (but no later than the close of business on August 19, 2016) and (ii) certifies that they have sufficient funds in the relevant account to cover the amount of such filing fee.

 

2


 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Austin, State of Texas, on August 19, 2016.

 

 

JONES ENERGY, INC.

 

 

 

 

 

 

By:

/s/ Jonny Jones

 

 

Jonny Jones

 

 

Chief Executive Officer

 

3



 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and the dates indicated.

 

Name

 

Title

 

Date

 

 

 

 

 

/s/ Jonny Jones

 

Chairman of the Board of Directors

 

August 19, 2016

Jonny Jones

 

and Chief Executive Officer

 

 

 

 

(Principal Executive Officer)

 

 

 

 

 

 

 

*

 

Director and President

 

August 19, 2016

Mike S. McConnell

 

 

 

 

 

 

 

 

 

*

 

Executive Vice President and Chief Financial Officer

 

August 19, 2016

Robert J. Brooks

 

(Principal Accounting and Financial Officer)

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Howard I. Hoffen

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Gregory D. Myers

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Halbert S. Washburn

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Alan D. Bell

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Robb L. Voyles

 

 

 

 

 

 

 

*By:

/s/ Jonny Jones

 

 

 

Jonny Jones, attorney-in-fact

 

 

4



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized in the City of Austin, State of Texas on August 19, 2016.

 

 

JONES ENERGY HOLDINGS, LLC

 

 

 

 

 

 

By:

/s/ Jonny Jones

 

 

Jonny Jones

 

 

Chief Executive Officer

 

5



 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Name

 

Title with Jones Energy Holdings,
LLC

 

Date

 

 

 

 

 

/s/ Jonny Jones

 

Chief Executive Officer

 

August 19, 2016

Jonny Jones

 

(Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Robert J. Brooks

 

Executive Vice President and Chief Financial Officer

 

August 19, 2016

Robert J. Brooks

 

(Principal Accounting and Financial Officer)

 

 

 

6



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Austin, State of Texas on August 19, 2016.

 

 

JONES ENERGY FINANCE CORP.

 

 

 

 

 

 

By:

/s/ Jonny Jones

 

 

Jonny Jones

 

 

Chief Executive Officer

 

7



 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Name

 

Title with Jones Energy Finance
Corp.

 

Date

 

 

 

 

 

/s/ Jonny Jones

 

Chairman of the Board of Directors

 

August 19, 2016

Jonny Jones

 

and Chief Executive Officer

 

 

 

 

(Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Director and President

 

August 19, 2016

Mike S. McConnell

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Executive Vice President and Chief Financial Officer

 

August 19, 2016

Robert J. Brooks

 

(Principal Accounting and Financial Officer)

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Howard I. Hoffen

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

 

Director

 

August 19, 2016

Gregory D. Myers

 

 

 

 

 

 

 

*By:

/s/ Jonny Jones

 

 

 

Jonny Jones, attorney-in-fact

 

 

8



 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Austin, State of Texas on August 19, 2016.

 

 

JONES ENERGY, LLC

 

 

 

 

 

 

By:

/s/ Jonny Jones

 

 

Jonny Jones

 

 

Chief Executive Officer

 

 

 

 

 

NOSLEY ASSETS, LLC

 

 

 

 

 

 

By:

/s/ Jonny Jones

 

 

Jonny Jones

 

 

Chief Executive Officer

 

9



 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Name

 

Title with Jones Energy, LLC and
Nosley Assets, LLC

 

Date

 

 

 

 

 

/s/ Jonny Jones

 

Chief Executive Officer

 

August 19, 2016

Jonny Jones

 

(Principal Executive Officer)

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Robert J. Brooks

 

Executive Vice President and Chief Financial Officer

 

August 19, 2016

Robert J. Brooks

 

(Principal Accounting and Financial Officer)

 

 

 

10



 

EXHIBIT INDEX

 

Exhibit
Number

 

Exhibits

5.1

 

Opinion of Baker Botts L.L.P.

 

 

 

23.1

 

Consent of PricewaterhouseCoopers LLP.

 

 

 

23.2

 

Consent of Cawley, Gillespie & Associates, Inc.

 

 

 

23.3

 

Consent of Baker Botts L.L.P. (included in Exhibit 5.1).

 

 

 

24.1*

 

Powers of Attorney (incorporated by reference to the Registration Statement on Form S-3 (Reg. No. 333-211568)).

 


*              Previously filed.

 

11


 

Exhibit 5.1

 

 

 

 

 

GRAPHIC

 

98 SAN JACINTO BLVD.
SUITE 1500
AUSTIN, TEXAS
78701-4078

 

TEL   +1 512.322.2500

FAX  +1 512.322.2501

BakerBotts.com

AUSTIN

BEIJING

BRUSSELS

DALLAS

DUBAI

HONG KONG

HOUSTON

 

LONDON

MOSCOW

NEW YORK

PALO ALTO

RIYADH

SAN FRANCISCO

WASHINGTON

 

 

August 19, 2016

 

Jones Energy, Inc.
807 Las Cimas Parkway
Suite 350
Austin, TX 78746

 

Ladies and Gentlemen:

 

We have acted as counsel for Jones Energy, Inc., a Delaware corporation (the “Company”), and certain of its subsidiaries with respect to the preparation of the Registration Statement on Form S-3 (File No. 333-211568), as amended (such registration statement, together with the registration statement filed by the Company on the date hereof pursuant to Rule 462(b) under the Securities Act (as defined below), being collectively referred to as the “Registration Statement”) filed with the Securities and Exchange Commission (the “Commission”) in connection with the registration by the Company, Jones Energy Holdings, LLC, a Delaware limited liability company (“JEH LLC”) and Jones Energy Finance Corp., a Delaware corporation (“FinCorp”) under the Securities Act of 1933 (the “Securities Act”) of the offer and sale, from time to time, pursuant to Rule 415(b) under the Securities Act, of (i) debt securities issued by JEH LLC and/or Fincorp (together, the “Issuers”), which may be either senior or subordinated and may be issued in one or more series (the “Debt Securities”) and which may be fully and unconditionally guaranteed (the “Guarantees”) by the Company and/or one or more of the Company’s subsidiaries listed as co-registrants in the Registration Statement (the “Subsidiary Guarantors”); (ii) shares of preferred stock, par value $0.001 per share, of the Company, in one or more series (the “Preferred Stock”), which may be issued in the form of depositary shares evidenced by depositary receipts (the “Depositary Shares”); (iii) shares of Class A common stock, par value $0.001 per share, of the Company (the “Common Stock”); (iv) warrants for the purchase of Common Stock, Preferred Stock, Debt Securities, or Depositary Shares, or any combination of the foregoing (the “Warrants”); (v) purchase contracts (the “Purchase Contracts”) which may be issued under one or more purchase contract agreements (each, a “Purchase Contract Agreement”) to be entered into between the Company and the purchase contract agent to be named therein (the “Purchase Contract Agent”); and (vi) units of the Company consisting of one or more shares of Common Stock, shares of Preferred stock, Warrants, Debt Securities, Purchase Contracts, or any combination of such securities (the “Units” and, together with the Debt Securities, the Guarantees, the Preferred Stock, the Depositary Shares, the Common Stock, the Warrants and the Purchase Contracts, the “Securities”) to be issued under one or more unit agreements to be entered into among the Company, a bank or trust company, as unit agent (the “Unit Agent”), and the holders from time to time of the Units (each such unit agreement, a “Unit Agreement”). The term “Debt Securities”, “Guarantees”, “Preferred Stock”, “Depositary Shares”, “Common Stock”, “Warrants”,

 



“Purchase Contracts”, “Units”, and “Securities” shall include any additional such Securities of the Company and/or Subsidiary Guarantors registered pursuant to Rule 462(b) under the Securities Act in connection with the offering contemplated by the Registration Statement.

 

We have also participated in the preparation of a Prospectus relating to the Securities (the “Prospectus”), which is incorporated by reference in the Registration Statement to which this opinion is an exhibit.

 

In connection with the opinions expressed herein, we have examined, among other things, the Amended and Restated Certificate of Incorporation of the Company, as amended to the date hereof, (ii) the Amended and Restated Bylaws of the Company, (iii) the Registration Statement, (iv) the Prospectuses, (v) the form of Senior Indenture (the “Senior Indenture”) filed as an exhibit to the Registration Statement, (vi) the form of Subordinated Indenture (the “Subordinated Indenture,” and together with the Senior Indenture, the “Indentures”) filed as an exhibit to the Registration Statement and (vii) the records of corporate proceedings that have occurred prior to the date hereof with respect to the Registration Statement. We have also reviewed such questions of law as we have deemed necessary or appropriate. As to matters of fact relevant to the opinions expressed herein, and as to factual matters arising in connection with our examination of corporate documents, records and other documents and writings, we relied upon certificates and other communications of corporate officers of the Company, without further investigation as to the facts set forth therein.

 

In connection with rendering the opinions set forth below, we have assumed that (i) all information contained in all documents reviewed by us is true and correct; (ii) all signatures on all documents examined by us are genuine; (iii) all documents submitted to us as originals are authentic and all documents submitted to us as copies conform to the originals of those documents; (iv) the Registration Statement and any subsequent amendments (including additional post-effective amendments), will be effective and comply with all applicable laws; (v) all Securities will be issued and sold in compliance with applicable federal and state securities laws and in the manner specified in the Registration Statement and the applicable prospectus supplement to the Prospectus; (vi) the applicable Indenture and, if applicable, the related Guarantees will have been duly qualified under the Trust Indenture Act of 1939, as amended; (vii) one or more prospectus supplements to the Prospectus will have been prepared and filed with the Commission describing the Securities offered thereby; (viii) the Indentures, and any supplemental indenture relating to a particular series of Debt Securities, will be duly authorized, executed and delivered by the parties thereto in substantially the form reviewed by us; (ix) a definitive purchase, underwriting or similar agreement with respect to any Securities offered will have been duly authorized and validly executed and delivered by the Company and the other parties thereto; and (x) any securities issuable upon conversion, exchange or exercise of any Debt Securities, Preferred Stock, Depositary Shares, Warrants, Purchase Contracts or Units being offered will have been duly authorized, created and, if appropriate, reserved for issuance upon such conversion, exchange or exercise.

 

Based on the foregoing, and subject to the assumptions, qualifications, limitations, and exceptions set forth herein, we are of the opinion that:

 

1. When (i) the board of directors (the “Board”) of the Company (or a committee thereof), and if applicable, the managing member of JEH LLC, the Board of FinCorp and the

 

2



 

sole member or manager of each of the Subsidiary Guarantors, have taken all necessary corporate action to approve the issuance and terms of any such Debt Securities and, if applicable, the related Guarantees; (ii) the terms of such Debt Securities, and, if applicable, the related Guarantees, and of their issuance and sale have been duly established in conformity with the applicable Indenture so as not to violate any applicable law or result in a default under or breach of any agreement or instrument binding upon the Issuers, the Company or the Subsidiary Guarantors and so as to comply with any requirements or restrictions imposed by any court or governmental body having jurisdiction over the Issuers, the Company or the Subsidiary Guarantors; and (iii) such Debt Securities (which may include related Guarantees) have been duly authenticated and delivered in accordance with the applicable Indenture and issued and sold as contemplated in the Registration Statement and upon payment of the consideration for such Debt Securities as provided for in the applicable definitive purchase, underwriting or similar agreement, such Debt Securities and, if applicable, the related Guarantees will be legally issued and will constitute valid and legally binding obligations of the Issuers, the Company and the Subsidiary Guarantors, respectively, enforceable against the Issuers, the Company and the Subsidiary Guarantors, respectively, in accordance with their terms, except as such enforcement is subject to any applicable bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and to general equitable principles (regardless of whether enforcement is sought in a proceeding in equity or at law);

 

2. With respect to shares of Common Stock, when both (A) the Board has taken all necessary corporate action to approve the issuance of and the terms of the offering of the shares of Common Stock and related matters and (B) certificates representing the shares of Common Stock have been duly executed, countersigned, registered, and delivered (or non-certificated shares of Common Stock shall have been properly issued) either (i) in accordance with the applicable definitive purchase, underwriting, or similar agreement approved by the Board or such officers upon payment of the consideration therefor (not less than the par value of the Common Stock) provided for therein or (ii) upon conversion or exercise of any other Security, in accordance with the terms of such Security or the instrument governing such Security providing for such conversion or exercise as approved by the Board, for the consideration approved by the Board (not less than the par value of the Common Stock), then the shares of Common Stock will be legally issued, fully paid, and nonassessable;

 

3. With respect to shares of any series of Preferred Stock, when (A) the Board has taken all necessary corporate action to approve the issuance and terms of the shares of the series, the terms of the offering thereof and related matters, including the adoption of a resolution establishing and designating the series and fixing and determining the preferences, limitations and relative rights thereof and the filing of a statement with respect to the series with the Secretary of State of the State of Delaware (the “Certificate of Designation”) and (B) certificates representing the shares of the series of Preferred Stock have been duly executed, countersigned, registered and delivered (or non-certificated shares of Preferred Stock shall have been properly issued) either (i) in accordance with the applicable definitive purchase, underwriting or similar agreement approved by the Board, then upon payment of the consideration therefor (not less than

 

3



 

the par value of the Preferred Stock) provided for therein; or (ii) upon conversion, exchange or exercise of any other Security in accordance with the terms of the Security or the instrument governing the Security providing for the conversion, exchange or exercise as approved by the Board, for the consideration approved by the Board (not less than the par value of the Preferred Stock), the shares of the series of Preferred Stock will be validly issued, fully paid and non-assessable;

 

4. With respect to the Depositary Shares, when (i) the Company has taken all necessary corporate action to approve the issuance and terms of the Depositary Shares, the terms of the offering thereof and related matters, including the adoption of a Certificate of Designation relating to the Preferred Stock underlying the Depositary Shares and the filing of the Certificate of Designation with the Secretary of State of the State of Delaware; (ii) the depositary agreement or agreements relating to the Depositary Shares and the related depositary receipts have been duly authorized and validly executed and delivered by the Company and the depositary appointed by the Company; (iii) the shares of Preferred Stock underlying the Depositary Shares have been deposited with the depositary under the applicable depositary agreement; and (iv) the depositary receipts representing the Depositary Shares have been duly executed, countersigned, registered and delivered in accordance with the appropriate depositary agreement approved by the Company, upon payment of the consideration therefor provided for in the applicable definitive purchase, underwriting or similar agreement, the Depositary Shares will be legally issued and will entitle their holders to the rights specified in the deposit agreement and the related depository receipts;

 

5. With respect to the Warrants, when (A) the Board has taken all necessary corporate action to approve the creation of and the issuance and terms of the Warrants, the terms of the offering thereof, and related matters, (B) the agreements relating to the Warrants have been duly authorized and validly executed and delivered by the Company and the Warrant Agent appointed by the Company, and (C) the Warrants or certificates representing the Warrants have been duly executed, countersigned, registered, and delivered in accordance with the appropriate agreements relating to the Warrants and the applicable definitive purchase, underwriting, or similar agreement approved by the Board or such officers upon payment of the consideration therefor provided for therein, the Warrants will be legally issued and such Warrants will constitute valid and legally binding obligations of the Company, enforceable against the Company in accordance with their terms, except as such enforcement is subject to any applicable bankruptcy, insolvency (including, without limitation, all laws relating to fraudulent transfers), reorganization, moratorium and similar laws relating to or affecting creditors’ rights generally and to general equitable principles (regardless of whether enforcement is sought in a proceeding in equity or at law);

 

6. With respect to the Purchase Contracts, when (A) the Purchase Contract Agent has been duly appointed by the Company, the Purchase Contract Agreement to be entered into in connection with the issuance of any Purchase Contracts has been duly authorized, executed and delivered by the Purchase Contract Agent and the Company, (B) the specific terms of the Purchase Contracts have been duly authorized and established in accordance with the Purchase

 

4



 

Contract Agreement, and (C) such Purchase Contracts have been duly authorized, executed, issued and delivered in accordance with the Purchase Contract Agreement and the applicable underwriting or other agreement against payment therefor, such Purchase Contracts will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability; and

 

7. With respect to the Units, when (A) the Unit Agreement to be entered into in connection with the issuance of any Units has been duly authorized, executed and delivered by the Unit Agent and the Company, (B) the specific terms of the Units have been duly authorized and established in accordance with the Unit Agreement, and (C) such Units have been duly authorized, executed, issued and delivered in accordance with the Unit Agreement and the applicable underwriting or other agreement against payment therefor, such Units will constitute valid and binding obligations of the Company, enforceable in accordance with their terms, subject to applicable bankruptcy, insolvency and similar laws affecting creditors’ rights generally, concepts of reasonableness and equitable principles of general applicability.

 

We express no opinions concerning (a) the validity or enforceability of any provisions contained in the Indentures that purport to waive or not give effect to rights to notices, defenses, subrogation or other rights or benefits that cannot be effectively waived under applicable law or (b) the enforceability of indemnification provisions to the extent they purport to relate to liabilities resulting from or based upon negligence or any violation of federal or state securities or blue sky laws.

 

The opinions set forth above are limited in all respects to matters of the laws of the State of Texas, the State of New York, the Delaware General Corporation Law and Delaware Limited Liability Company Act (including the applicable provisions of the Delaware Constitution and the reported judicial decisions interpreting these laws) and the federal laws of the United States of America, in each case as in effect on the date hereof, and we are expressing no opinion as to the effect of the laws of any other jurisdiction, domestic or foreign.

 

We hereby consent to the filing of this opinion of counsel as Exhibit 5.1 to the Registration Statement. We also consent to the reference to our Firm under the heading “Legal Matters” in the Prospectus forming a part of the Registration Statement. We further consent to the incorporation by reference of this opinion and consent into any registration statement filed pursuant to Rule 462(b) under the Securities Act with respect to the Securities. In giving this consent, we do not hereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

 

 

Very truly yours,

 

 

 

 

 

/s/ Baker Botts L.L.P.

 

5


Exhibit 23.1

 

CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, of our report dated March 9, 2016 relating to the financial statements, which appears in Jones Energy, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2015.  We also consent to such Registration Statement’s incorporation by reference to us under the heading “Experts” in the Registration Statement on Form S-3 (Registration No. 333-211568).

 

 

/s/ PricewaterhouseCoopers LLP

 

Houston, TX

 

August 18, 2016

 

 

1


 

Exhibit 23.2

 

Consent of Independent Petroleum Engineers and Geologists

 

We consent to the incorporation by reference in the Registration Statement on Form S-3 filed pursuant to Rule 462(b) of the Securities Act of 1933, as amended, of the reference to our firm under the caption “Experts” and to the incorporation by reference of the following reports included in the Registration Statement on Form S-3, as amended (No. 333-211568) and related prospectus of Jones Energy, Inc.:

 

(1)                                 Our reserve report dated December 31, 2015;

 

(2)                                 Our reserve report dated December 31, 2014; and

 

(3)                                 Our reserve report dated December 31, 2013.

 

 

/s/ W. Todd Brooker

 

W. Todd Brooker, P.E.

 

Senior Vice-President

 

Cawley Gillespie & Associates, Inc.

 

Texas Registered Engineering Firm F-693

 

Austin, Texas

 

August 18, 2016

 

 


 

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