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Profile Of A Successful Driller

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By Steve Toon, Hart Energy
May 1, 2014

When ExxonMobil, BP Plc and ConocoPhilips need a highly economic well drilled in the Cleveland play in the Anadarko Basin, do these industry behemoths, with their vast knowledge and capital resources, roll out the rigs and do it themselves? Heck no. They call Jones Energy Inc.

Jones—with a mere $200 million market cap—holds the brass ring as low-cost operator in the play, outpacing the big boys by $1 million to $2 million per well. In fact, the mega-oils are more than happy to hand over half of their positions, as ...

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