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Jones Energy Details 2014 Financial, Production Guidance

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February 25, 2014

Jones Energy Inc. (NYSE: JONE) detailed financial and production guidance for 2014 Feb. 24.

Out of a $350 million total capex budget, about $310 million will go to drilling and completion and $40 million will go to leasing, workovers and efficiency projects, the company added.

The drilling and completion budget is divided, with $250 million for Cleveland, $50 million for Woodford and $10 million for other areas, Jones Energy said.

Jones Energy is targeting average daily production of 22,000-23,000 barrels of oil equivalent per day (BOE/d) this year, a 30% ...

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