Jones Energy, Inc. Announces Closing of Arkoma Basin Sale and Schedules 2017 Second Quarter Earnings Release and Conference C...
August 01 2017 - 4:10PM
Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or “the Company”)
announced today the closing of its previously announced Arkoma
Basin divestiture for $65 million, subject to customary closing
adjustments.
Jonny Jones, founder, chairman and CEO said, “The sale of our
Arkoma Basin properties is a significant catalyst in our
deleveraging story. Jones Energy is now a pure play Anadarko Basin
company and we are using proceeds from the sale to pay down debt
and focus our attention on the Merge. I look forward to updating
you with additional asset sales as they occur and updating you with
details on our second quarter earnings later this week.”
2017 Second Quarter Earnings Release and Conference Call
The Company also announced today that it plans to release
its second quarter 2017 financial and operational results
on Thursday, August 3, 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 Friday, August 4, 2017 at 10:30 a.m. ET (9:30 a.m.
CT). The conference call can be accessed via webcast through
the Investor Relations section of Jones Energy’s website,
www.jonesenergy.com, or by dialing (833) 231-8272 (for domestic
U.S.) or (647) 689-4117 (International) and entering conference
code 56297957.
If you are not able to participate in the conference call, the
webcast replay and a downloadable audio file will be available
shortly following the call through the Investor Relations section
of the Company’s website, www.jonesenergy.com.
About Jones Energy
Jones Energy, Inc. is an independent oil and natural gas company
engaged in the development and acquisition of oil and natural gas
properties in the Anadarko basin of Texas and Oklahoma.
Additional information about Jones Energy may be found on the
Company’s website at: www.jonesenergy.com.
Forward-Looking StatementsThis press release
contains forward-looking statements within the meaning of Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. All statements, other than statements of
historical facts, included in this press release that address
activities, events or developments that the Company expects,
believes or anticipates will or may occur in the future are
forward-looking statements. Without limiting the generality of the
foregoing, forward-looking statements contained in this press
release specifically include the expected use of proceeds from the
transactions contemplated by the Arkoma Agreement, and the
Company’s continued marketing of non-core assets. These
statements are based on certain assumptions made by the Company
based on management’s experience and perception of historical
trends, current economic and market conditions, anticipated future
developments and other factors believed to be appropriate. Such
statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of the Company,
which may cause actual results to differ materially from those
implied or expressed by the forward-looking statements.
Any forward-looking statement speaks only as of the date on
which such statement is made and the Company undertakes no
obligation to correct or update any forward-looking statement,
whether as a result of new information, future events or otherwise,
except as required by applicable law.
Investor Contact:
Page Portas, 512-493-4834
Investor Relations Associate
Or
Robert Brooks, 512-328-2953
Executive Vice President & CFO