Jones Energy, Inc. Announces 2018 Fourth Quarter and Full Year Financial and Operating Results and 2018 Year End Proved Reserves
JONES ENERGY INC (JONE)
Last jones energy inc earnings: 2/27 04:15 pm
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US:NYSE Investor Relations:
investors.jonesenergy.com/investors/default.aspx
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Source: GlobeNewswire
AUSTIN, Texas, Feb. 27, 2019 (GLOBE NEWSWIRE) -- ?Jones Energy, Inc. (OTCQX: JONE) (“Jones Energy” or “the Company”) 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 Boe/d, 11% above guidance midpoint. Production for the full year 2018 of 8.3 MMBoe (22,753 Boe/d).Total proved year-end 201
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