Jones Energy, Inc. Completes Anadarko Basin Acquisition

AUSTIN, Texas, Aug. 26, 2016 (GLOBE NEWSWIRE) -- Jones Energy, Inc. (NYSE:JONE) (“Jones Energy” or the “Company”) today announced the closing of its previously announced acquisition of producing and undeveloped oil and gas assets in the Anadarko Basin for an as-adjusted closing purchase price of approximately $26.3 million, subject to customary post-closing adjustments. The Company funded the acquisition with cash on hand.

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.

Investor Contacts: Cathleen King, 512-493-4834 Investor Relations Or Robert Brooks, 512-328-2953 Executive Vice President & CFO

Source:Jones Energy, Inc.