Jones Energy has secured new leases totaling more than 10,000 net acres, yielding close to 78 net drilling locations in the Cleveland formation in Texas and Oklahoma. The company said the additional locations will more than replace those drilled during 2014.Jones is targeting the Cleveland in Lipscomb, Ochiltree, Hemphill Cos., Texas and Robert Mills and Ellis Cos., Oklahoma. In its current drilling program, laterals average 4,350 ft, wells are completed in an average of......
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