UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment No. 1)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box [ ].

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

The total number of shares of the Issuer’s Class A Common Stock, par value $0.001 per share (“Common Stock”), reported herein is 7,332,527 which constitutes approximately 8.17% of the 89,713,007 shares deemed outstanding pursuant to Rule 13d-3(d)(1). Unless otherwise stated herein, all ownership percentages set forth herein assume that there are 89,713,007 shares of Common Stock outstanding.

SCHEDULE 13D

Pursuant to Rule 13d-2(a) of Regulation 13D-G of the General Rules and Regulations under the Securities Exchange Act of 1934, as amended (the “Act”), the undersigned hereby amends its Schedule 13D Statement dated September 14, 2017 (the “Schedule 13D”), relating to the Class A Common Stock, par value $0.001 per share, of Jones Energy, Inc. Unless otherwise indicated, all defined terms used herein shall have the same meanings as those set forth in the Schedule 13D.

Item 5. Interest in Securities of the Issuer

Item 5 is hereby amended and restated in its entirety as follows:

(a)

Reporting Person

QGCM

Pursuant to an Investment Management Agreement with Q5, QGCM may, pursuant to Rule 13d-3(d)(1)(i) of the Act, be deemed to be the beneficial owner of 7,332,527 shares of the Common Stock, which constitutes approximately 8.17% of the 89,713,007 shares of the Common Stock deemed to be outstanding. The number of shares reported herein by the Reporting Person has not changed since the original Schedule 13D filing.

Controlling Persons

QGA

Because of its position as the sole general partner of QGCM, QGA may, pursuant to Rule 13d-3(d)(1)(i) of the Act, be deemed to be the beneficial owner of 7,332,527 shares of the Common Stock, which constitutes approximately 8.17% of the 89,713,007 shares of the Common Stock deemed to be outstanding.

RS

Because of its position as the sole manager of QGA, which is the sole general partner of QGCM, RS may, pursuant to Rule 13d-3(d)(1)(i) of the Act, be deemed to be the beneficial owner of 7,332,527 shares of the Common Stock, which constitutes approximately 8.17% of the 89,713,007 shares of the Common Stock deemed to be outstanding.

RRI

Because of its position as the sole managing member of RS, which is the sole manager of QGA, which is the sole general partner of QGCM, RRI may, pursuant to Rule 13d-3(d)(1)(i) of the Act, be deemed to be the beneficial owner of 7,332,527 shares of the Common Stock, which constitutes approximately 8.17% of the 89,713,007 shares of the Common Stock deemed to be outstanding.

Raynor

Because of his position as the President and sole shareholder of RRI, which is the sole managing member of RS, which is the sole manager of QGA, which is the sole general partner of QGCM, Raynor may,

pursuant to Rule 13d-3(d)(1)(i) of the Act, be deemed to be the beneficial owner of 7,332,527 shares of the Common Stock, which constitutes approximately 8.17% of the 89,713,007 shares of the Common Stock deemed to be outstanding.

To the best of the knowledge of the Reporting Person, other than as set forth above, none of the persons named in Item 2 herein is the beneficial owner of any shares of Common Stock or Preferred Stock

(b)

Reporting Person

QGCM

Acting through its general partner, QGCM has the sole power to vote or to direct the vote and to dispose or direct the disposition of 4,663,124 shares of Common Stock.

Controlling Persons

QGA

As the sole general partner of QGCM, QGA has the sole power to vote or to direct the vote and to dispose or direct the disposition of 4,663,124 shares of Common Stock.

RS

As the sole manager of QGA, which is the sole general partner of QGCM, RS has the sole power to vote or to direct the vote and to dispose or direct the disposition of 4,663,124 shares of Common Stock.

RRI

As the sole managing member of RS, which is the sole manager of QGA, which is the sole general partner of QGCM, RRI has the sole power to vote or to direct the vote and to dispose or direct the disposition of 4,663,124 shares of Common Stock.

Raynor

As the President and sole shareholder of RRI, which is the sole managing member of RS, which is the sole manager of QGA, which is the sole general partner of QGCM, Raynor has the sole power to vote or to direct the vote and to dispose or direct the disposition of 4,663,124 shares of Common Stock.

(c)

Since the initial Schedule 13D filing, to the best of the knowledge of the Reporting Person, none of the Item 2 Persons have effected any transactions in Common Stock or Preferred Stock.

(d)

The Reporting Person affirms that no person other than the persons named in Item 2 has the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, the shares of Common Stock or Preferred Stock owned by such Reporting Person.

(e)

Not applicable.

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.