JONE IPO Preview July 2013

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.

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.

About Philip Trinder

President of MLP Protocol, investor, trader, and proponent of Master Limited Partnerships.
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1 Response to JONE IPO Preview July 2013

  1. ronnypearson says:

    Phil is not going to add Jones energy (JONE) or NRG yield (NYLD) to monthly publication–so they will not be on the spreadsheet ,but may add them later Ron

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