Jones Energy, Inc. reported production results for the fourth quarter and full year ended December 31, 2015. The company produced an estimated 2.2 MMBoe (approximately 23,600 Boe/d) in the fourth quarter of 2015. Oil volumes comprised 25% of production for the fourth quarter. NGL volumes accounted for 31% of the fourth quarter production. During the fourth quarter, liquids accounted for 56% of total production. During the fourth quarter of 2015, the company spent $14.1 million on capital expenditures, of which $8.0 million was related to drilling and completing wells, representing 57% of the total capital expenditures in the quarter. The remaining $6.1 million was primarily related to field maintenance and leasing.

For the year, the company produced estimated 9.2 MMBoe (approximately 25,100 Boe/d). Oil volumes comprised 28% of production. NGL volumes accounted for 29% of production. For the full year 2015, the company spent $200.1 million on capital expenditures, of which $173.2 million was related to drilling and completing wells, representing 87% of the total capital expenditures in the year.

The company provided earnings guidance for the fourth quarter and full year 2015. The company estimates revenues including current period settlements of matured derivative contracts for the fourth quarter of 2015 of between $78.5 million and $81.5 million based upon internally projected production figures and estimated realized commodity prices. The company estimates EBITDAX for the fourth quarter of 2015 of between $63.6 million and $66.6 million.

Based upon the current 2016 capital budget and operating plan, the company projecting 2016 average daily production of 15,500 to 17,000 Boe per day. The company's average production for the fourth quarter of 2016 is expected to be between 13.0 MBoe/d and 14.4 MBoe/d, which is approximately 40% below the estimated average production rate of 23.6 MBoe/d for the fourth quarter of 2015.