Playbooks Supplements

Scoop-Stack Playbook 2017

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SCOOP/STACK: KEY PLAYERS | September 2017 | 19 Jones Energy initiated drilling in the Merge in December 2016, spudding its first well from a two-well pad targeting the Woodford Formation. During first-quarter 2017, the company contin- ued the initial program by drilling two more wells and completing three wells, all Woodford inter- val targets. Subsequent to the end of the first quarter, Jones Energy initiated drilling its first Meramec target and expects to release results from its initial wells later this year, according to the company. Jonny Jones, the company's founder, chair- man and CEO, said in the company's fi rst-quarter release that, "2017 is a transition year for Jones Energy from a Western Anadarko (Cleveland)-fo- cused company to a Merge-focused company." In addition to Merge drilling, during first-quarter 2017 the company spud 15 wells, completed 19 wells and brought 17 wells online in its Western Anadarko asset in the Northern Texas Panhandle and part of Oklahoma. The company achieved average production during the quarter of 18.9 Mboe/d. Jones Energy continues to run three rigs in the Western Anadarko and one rig in the Merge area. The company anticipates adding a second Merge rig in summer 2017 with a third rig likely to follow by year-end 2017. Jones Energy projected average com- pany production of 20,700 boe/d to 21,700 boe/d for second-quarter 2017. According to a June press release, Jones Energy entered into defi nitive agreements to sell several noncore assets, including an agreement to sell its Arkoma Basin properties for up to $70 million. LINN Energy Inc. LINN Energy Inc. was formed in February 2017 as the reorganized successor to Linn Energy LLC. The company's core focus is the Scoop/Stack/Merge areas in Oklahoma. LINN Energy's Midcontinent key basins are the Anadarko and Arkoma. The company's Midconti- nent proved reserves represented about 15% of total proved reserves as of December 2016, of which 81% were classifi ed as proved developed, according to the company's website. This region produced about 101 MMcfe/d, or 12% of the company's 2016 aver- Features n All horizontal producing wells – 2010 to present n Color coded by producing formations including Abo Bone Spring Delaware Glorieta San Andres Spraberry Wolfcamp n Horizontal Well IP Rates n Pipelines Crude oil pipelines Natural gas pipelines NGL pipelines ORDER TODAY AT products/2017-permian-map WALL MAP UPSTREAM AND MIDSTREAM 2017 PERMIAN BASIN New to the Hart Store | September 2017 | 19

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