Jones Energy, Inc. (ticker JONE) is currently out on its IPO roadshow and looking to raise $252 million by selling 14 million shares (before the over-allotment) at a mid-point price of $18. They currently expect to price the deal July 23.
Jones Energy is independent oil and gas company engaged in the development, production and acquisition of oil and natural gas properties in the Anadarko and Arkoma basins of Texas and Oklahoma. They have drilled over 580 total wells since their formation, including over 400 horizontal wells, and delivered compelling economic returns over various commodity price cycles. Their operations are focused on horizontal drilling and completions within two distinct basins in the Texas Panhandle and Oklahoma.
- Here is the full roadshow presentation in pdf format (click to open): JONE IPO Roadshow July 2013
- Here is a link to the roadshow video (it will be removed the night the IPO prices): JONE Roadshow Video
- Here is a link to their SEC filings: JONE SEC Filings
UPDATE: JONE IPO priced at $15, 16.7% below the mid-point price and only priced 12.5 million shares, down 10.7% from the planned 14 million.
JONE will not be added to the MLP Protocol universe.