News Releases

Jones Energy Executes Definitive Agreement to be Acquired by Revolution Resources


Deal Description: On December 6, 2019, following a competitive auction process, Jones Energy II, Inc. (OTC: JEII) (“Jones Energy”) and Revolution II WI Holding Company, LLC (“Revolution”), an affiliate of Mountain Capital Partners, LP, announced they entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Jones Energy’s stockholders will receive approximately $14.11 in cash for each share of Jones Energy Class A common stock or each unit of Jones Energy Holdings II, LLC they own, as applicable. The purchase price under the Merger Agreement is $201.5 million in cash, subject to certain potential adjustments.

Baker Botts L.L.P. represented Jones Energy in the transaction. The firm has represented Jones Energy for over a decade, including in its initial public offering, multiple acquisitions and divestitures and equity and debt offerings, and most recently assisting on certain aspects of its bankruptcy and subsequent emergence in mid-2019.

Jones Energy is an Austin-based independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas.

Baker Botts Lawyers/Office Involved:

Corporate: Mollie Duckworth (Partner, Austin); Mike Bengtson (Partner, New York); John Kaercher (Senior Associate, Austin); Leah Leipold (Associate, Austin); Michael Portillo (Associate, Austin); Dillon Sebasco (Associate, Austin)

Baker Botts is an international law firm whose lawyers practice throughout a network of offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy, technology and life sciences sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit


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