A N A DA R KO B A S I N  A R KO M A B A S I N  Key Formation: Cleveland Drilling Locations: 1,731  Cleveland 4Q13 Daily Production:  10.8 MBoe/d  Key Formation: Woodford  Drilling Locations: 811 Woodford 4Q13 Daily Production: 4.1 MBoe/d  AUSTIN OFFICE Jones Energy has been operating in one area,  the US Midcontinent, for over 25 years. Since our  founding, we have drilled over 500 horizontal wells in nine target formations in the Midcontinent. In fact,  18 years ago we drilled our  fi rst horizontal well in the Brown Dolomite formation. Today, we are  focused on two core areas in the US Midcontinent, the Cleveland formation within the Anadarko Basin, and the Woodford formation within the Arkoma  Basin. In 2004, we drilled our  fi rst horizontal well in  the Cleveland formation, which remains one of  our core operating areas today. Since then, Jones  Energy has drilled over 340 horizontal wells in the Cleveland, representing approximately 20% of all horizontal wells drilled in the formation,  more than any other operator. The ‘stacked pay’ nature of the Midcontinent has  been a huge factor in our success over the past  25 years. We see substantial opportunity within  the Cleveland and Woodford formations, but also  see potential upside stemming from the Tonkawa  and Marmaton formations. In fact, we plan to drill  three Tonkawa test wells in 2014. We are excited  about the opportunities within our existing asset  base, and will continue to execute on our organic growth plans in 2014. We will remain open-minded when looking for opportunities to supplement our organic growth with acquisitions, but promise to be prudent when considering potential M&A. We will not to forget the success we have achieved over the past 25 years from focusing on the US Midcontinent. 11