Jonah Energy Announces Acquisition of Oil and Gas Assets in the South Texas Eagle Ford Play

Major acquisition continues the company’s growth plan focused on high quality people and assets

DENVER, March 30, 2026 – Jonah Energy LLC announced the closing of their acquisition of 100% of the interests of Grit Oil & Gas II, LLC effective October 1, 2025.

The acquisition includes both corporate and field employees, significant existing production from oil and gas assets and immediate development opportunities located in South Texas Maverick and Dimmit counties.

The acquisition builds upon Jonah’s long-term development and growth plans that has seen Jonah Energy grow from operations in Wyoming just 18 months ago to ownership in producing operations in New Mexico, Oklahoma, Kansas, Ohio and now Texas.

This latest acquisition includes 100% operated, 105,000 contiguous net acres and over 300 locations in the Eagle Ford, San Miguel and Austin Chalk formations. The wells are expected to produce an average of approximately 35,000 barrels of oil equivalent per day (Boe/d), with a product mix of 40% oil, 30% NGL and 30% natural gas. The acreage position also includes substantial drilling inventory with development expected to commence in the very near term.

“Today is a major step for Jonah Energy. Not only have we acquired a great asset with immediate development opportunity, but we welcome our new team members.” said Brian Reger, Chief Executive Officer of Jonah Energy. “Our disciplined strategy is working and has positioned us for significant and meaningful growth. We have a culture of respect, a focus on responsible development and we look forward to operating in South Texas.”

“We are thankful to our existing and new financial partners for their investment and trust in our strategy,” said Rad Weaver, Chairman of the Board of Jonah Energy. “We are executing on our vision, creating value to our partners and pleased to grow our outstanding team.”

Fortress Credit Corp. served as the Sole Lead Arranger and Cantor Fitzgerald & Co. served as the Sole Structuring Advisor and Placement Agent for this acquisition.

About Jonah Energy LLC

Jonah Energy is an oil and gas exploration and development company headquartered in Denver, Colorado with assets in Wyoming, New Mexico, Kansas, Oklahoma, Ohio and Texas. The company is one of the largest privately held oil and natural gas producers in the US and focuses on producing oil and natural gas in an environmentally responsible manner.

MEDIA CONTACT:
Paul Ulrich, Jonah Energy
Paul.Ulrich@JonahEnergy.com
Cell: (303) 330-6346