Jonah Energy
Jonah Energy, founded in 2014, operates over 2,400 wells in Wyoming and focuses on sustainable practices, including air emission reductions and water recycling.
Company History
Jonah Energy was founded in 2014 with the acquisition of producing assets within the Jonah Field in Sublette County, Wyoming. Since its inception, the company has focused on expanding its operations and optimizing its resource extraction processes. Headquarters are based in Denver, Colorado, reflecting the company’s commitment to managing its operations in the Jonah and Pinedale Fields efficiently.
Operational Scale
Jonah Energy operates over 2,400 producing wells, making it a significant player in the energy sector. The company’s average gross production stands at approximately 550 mmcfe/day. This level of production highlights Jonah Energy's considerable contribution to the natural gas and oil markets.
Environmental Practices
Jonah Energy has implemented several environmentally sustainable practices to minimize its environmental footprint. These include significant reductions in air emissions and active water recycling initiatives. The company participates in the International Methane Emission Observatory Oil and Gas Methane Partnership 2.0 and ONE Future, organizations dedicated to reducing methane emissions.
Major Projects
The Normally Pressured Lance (NPL) project, also known as the Jonah Extension Project, is a major endeavor undertaken by Jonah Energy. It spans 140,859 acres and holds the potential for up to 3,500 directionally drilled wells. This project aims to enhance the company’s resource recovery capabilities substantially.
Financial Milestones
In October 2022, Jonah Energy completed a $750 million securitized financing. This financial milestone marks an important step in the company’s growth strategy, providing additional capital to support its operational and expansion activities.