Jones Energy in $195M deal for Anadarko Basin assets


Jones Energy (JONE) says it will acquire "producing and undeveloped oil and gas assets in the Anadarko Basin for $195M" from a privately-held company.

The deal includes "92 producing wells with net production of approximately 3,400 barrels of Boe/d [and] proved reserves of 14.3M MMBoe."

JONE says the transaction should be cash flow and EPS accretive in 2014. (PR)

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  • User 353732
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    Comments (5166) | Send Message
     
    JONE is an undiscovered small Permian pure play trading below its IPO price of $15/share
    26 Nov 2013, 01:14 PM Reply Like
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