Jones Energy (JONE) Offers Update on Reserves, Operations, FY16 Guidance
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Jones Energy, Inc. Provides 2015 Year-End Reserves, Operations and Financial Update, and 2016 Guidance
February 11, 2016 5:27 PM ESTAUSTIN, Texas--(BUSINESS WIRE)-- Jones Energy, Inc. (NYSE: JONE) (Jones Energy or the Company) today provided its 2015 year-end reserves, an operations update, estimated financial results for the fourth quarter and full year 2015, and its initial 2016 capital budget plan and guidance.
Highlights
Proved reserves at year-end 2015 were 101.7 MMBoe based on SEC pricing1; proved oil reserves were 25.4 MMBbl Cleveland proved reserves were 80.6 MMBoe at year-end 2015 PV-10 value of proved reserves was $470 million at SEC prices1 Mark-to-market hedge value of $264 million incorporating strip pricing as of February 10, 2016... More