Jones Energy today announced the closing of its previously announced STACK/SCOOP acquisition for a closing price of $136.5 million
OREANDA-NEWS. Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced the closing of its previously announced STACK/SCOOP acquisition for a closing price of $136.5 million, subject to customary post-closing adjustments, and announced the opening of an office in Oklahoma City, OK as a result of this acquisition. The Company funded the acquisition with a portion of the approximately $152 million in net proceeds from its recently completed offerings of Class A common stock and Series A perpetual convertible preferred stock.
Jonny Jones, the Company’s Founder, Chairman, and CEO, commented, “I am pleased to announce the closing of this transformative transaction. We are focused on leveraging our best-in-class Midcontinent operating expertise to develop this asset. I look forward to providing you with updates on our development plan.”
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 and Arkoma basins of Texas and Oklahoma.