2010-09-16-2010-09-16-2010-09-16

Bought properties in Ellis County, OK, gaining 530 BOE/d, 6.7 MMBOE incremental reserves.

Austin-based Jones Energy has acquired certain oil and natural gas properties in Ellis County, Oklahoma, for $33 million.

These properties have a current daily production rate of 530 barrels equivalent per day. Incremental reserves are 6.7 million barrels equivalent attributable to identified drilling locations.

Jones founder and chief executive Johnny Jones says, "This transaction represents a very attractive bolt-on acquisition to our growing portfolio of producing wells and drilling locations in the Cleveland play. We already serve as operator for the majority of these properties and this transaction allows Jones Energy to have significantly greater ownership in the value generated through our Cleveland drilling program."