Cash Flows for the twelve months ended December31, 2014, the Condensed Consolidating Balance Sheet as of March31, 2017, the Condensed Consolidating Statement of Operations and Condensed Consolidating Statement of Cash Flows for the three months ended March31, 2017, and the Condensed Consolidating Statement of Operations and Condensed Consolidating Statement of Cash Flows for the three months ended March31, 2016.

As a result of the errors in the preparation of the condensed consolidating financial information of the Company and its subsidiaries, it was determined that the Issuers Investment in subsidiaries and the related Eliminations at December31, 2015 as filed in the Company’s 2016 Form8-K were improperly calculated and understated by $536.9 million. Additionally, it was determined that the Guarantor Subsidiaries Intercompany payable balances and the related Eliminations and the Issuers Intercompany receivable and the related Eliminations at December31, 2015 as filed in the Company’s 2016 Form8-K were improperly calculated and overstated by $536.9 million and $317.4 million, respectively. Further, for the twelve month period ended December31, 2016 as filed in the Company’s 2016 Form8-K, it was determined that the Issuers Equity interest in income (loss) and the related Eliminations were improperly calculated and understated by $42.6 million and that the Issuers Adjustments to reconcile net income (loss) to net cash provided by operating activities and the related Eliminations were improperly calculated and overstated by $42.6 million. For the twelve month period ended December31, 2015 as filed in the Company’s 2016 Form8-K, it was determined that the Issuers Equity interest in income (loss) and the related Eliminations were improperly calculated and understated by $9.1 million and that the Issuers Adjustments to reconcile net income (loss) to net cash provided by operating activities and the related Eliminations were improperly calculated and overstated by $9.1 million. For the twelve month period ended December31, 2014 as filed in the Company’s 2016 Form8-K, it was determined that the Issuers Equity interest in income (loss) and the related Eliminations were improperly calculated and overstated by $188.6 million and that the Issuers Adjustments to reconcile net income (loss) to net cash provided by operating activities and the related Eliminations were improperly calculated and understated by $188.6 million. The errors, which the Company has determined are not material to this disclosure, had no impact on the total assets of the Parent or the Guarantor Subsidiaries and are eliminated upon consolidation, and therefore have no impact on the Company’s consolidated financial condition, results of operations or cash flows.

As a result of the errors in the preparation of the condensed consolidating financial information of the Company and its subsidiaries, it was determined that the Issuers Investment in subsidiaries and the related Eliminations at March31, 2017 as filed in the Company’s first quarter 2017 Form10-Q were improperly calculated and understated by $450.5 million. Additionally, it was determined that the Guarantor Subsidiaries Intercompany payable balances and the related Eliminations and the Issuers Intercompany receivable and the related Eliminations at March31, 2017 as filed in the Company’s first quarter 2017 Form10-Q were improperly calculated and overstated by $450.5 million and $58.1 million, respectively. It was further determined that the Issuers Equity interest in income (loss) and the related Eliminations for the three month periods ended March31, 2017 and 2016 as filed in the Company’s first quarter 2017 Form10-Q were improperly calculated and understated by $2.1 million and overstated by $29.8 million, respectively. Lastly, it was determined that the Issuers Adjustments to reconcile net income (loss) to net cash provided by operating activities and the related Eliminations for the three month periods ended March31, 2017 and 2016 as filed in the

Company’s first quarter 2017 Form10-Q were improperly calculated and overstated by $2.1 million and understated by $29.8 million, respectively. The errors, which the Company has determined are not material to this disclosure, had no impact on the total assets of the Parent or the Guarantor Subsidiaries and are eliminated upon consolidation, and therefore have no impact on the Company’s consolidated financial condition, results of operations or cash flows.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

EXHIBITINDEX

Jones Energy, Inc. Exhibit
EX-99.1 2 a17-21974_1ex99d1.htm EX-99.1 Exhibit 99.1   Jones Energy,…
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About Jones Energy,Inc. (NYSE:JONE)

Jones Energy, Inc. is an independent oil and gas company engaged in the exploration, development, production and acquisition of oil and natural gas properties. The Company’s assets are located within the Anadarko and Arkoma basins of Texas and Oklahoma. It owns leasehold interests in oil and natural gas producing properties, as well as in undeveloped acreage, located in the Anadarko and Arkoma basins in Texas and Oklahoma. The Company’s oil is generally sold under short-term, extendable and cancellable agreements with unaffiliated purchasers. The Company’s natural gas is sold at delivery points at or near producing wells to natural gas gathering and marketing companies. Its total estimated proved reserves are approximately 101.7 million barrels of oil equivalent (MMBoe). Approximately 25% of its total estimated proved reserves consist of oil, over 32% consist of natural gas liquids (NGLs) and over 43% consist of natural gas. Its properties include over 1,020 gross producing wells.