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Jones Energy has been operating in one area, the US Midcontinent, for over 25 years. Since our founding, we have drilled over 500 horizontal wells in nine target formations in the Midcontinent. In fact, 18 years ago we drilled our fi rst horizontal well in the Brown Dolomite formation. Today, we are focused on two core areas in the US Midcontinent, the Cleveland formation within the Anadarko Basin, and the Woodford formation within the Arkoma Basin. In 2004, we drilled our fi rst horizontal well in the Cleveland formation, which remains one of our core operating areas today. Since then, Jones Energy has drilled over 340 horizontal wells in the Cleveland, representing approximately 20% of all horizontal wells drilled in the formation, more than any other operator. 

The ‘stacked pay’ nature of the Midcontinent has been a huge factor in our success over the past 25 years. We see substantial opportunity within the Cleveland and Woodford formations, but also see potential upside stemming from the Tonkawa and Marmaton formations. In fact, we plan to drill three Tonkawa test wells in 2014. We are excited about the opportunities within our existing asset base, and will continue to execute on our organic growth plans in 2014. We will remain open-minded when looking for opportunities to supplement our organic growth with acquisitions, but promise to be prudent when considering potential M&A. We will not to forget the success we have achieved over the past 25 years from focusing on the US Midcontinent. 

Key Formation: Cleveland Drilling Locations: 1,731 Cleveland 4Q13 Daily Production: 10.8 MBoe/d 

Key Formation: Woodford Drilling Locations: 811 Woodford 4Q13 Daily Production: 4.1 MBoe/d 

## A N A DA R KO B A S I N 

## A R KO M A B A S I N 

AUSTIN OFFICE 

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