Jonah Energy Announces Closing of Comprehensive Balance Sheet Recapitalization and Equity Raise of $85 Million
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Pinedale, Wyo., June 22, 2018 – Jonah Energy LLC announces the Bureau of Land Management’s release of the Final Environmental Impact Statement (FEIS) on the Normally Pressured Lance (NPL) natural gas development project. Throughout the more than seven-year process, Jonah Energy has worked closely with the State of Wyoming, the BLM and environmental partners to ensure the project has minimal impact on the community, environment and wildlife.
“We look forward to reviewing the details of the FEIS between now and the BLM’s Record of Decision on the project. We’re ready to get to work.” said Paul Ulrich, Jonah Energy director of government and regulatory affairs.
“As part of our plans for the project adjacent to the Jonah Field in Wyoming, Jonah Energy will readily continue to partner with the state, BLM, and various community and environmental organizations to ensure that the NPL project sets the standard for environmental protection and sustainable oil and gas drilling.”
Jonah Energy has a strong track-record of working with groups such as the Wyoming Governor’s Sage Grouse Implementation Team, the Wyoming Outdoor Council, The Nature Conservancy and the National Audubon Society to ensure that wildlife and the environment are protected.
The BLM estimates the economic impact of the NPL, which calls for up to 3,500 wells will potentially bring $1.1 billion in tax revenue and 700 jobs to Wyoming’s state economy.
Find out more about Jonah Energy and the NPL project.
Download the Jonah Energy Announces BLM’s Release of Final Environmental Impact Statement of the NPL Natural Gas Project press release.
Jonah Energy LLC was created in 2014 with the acquisition of producing assets within the Jonah Field in Sublette County, Wyoming. Jonah Energy is one of the largest privately-held natural gas producers in the US and is continuing to explore expansion opportunities in established basins throughout the onshore US. The company’s investor group is led by TPG Capital LLC and includes EIG Global Energy Partners and management.