Parsley

Permian-Focused Shut-ins Mount, as Oxy, Region’s E&Ps Slice Completions, Production

Permian-Focused Shut-ins Mount, as Oxy, Region’s E&Ps Slice Completions, Production

Stung by the untimely and expensive takeover of Anadarko Petroleum Corp. in 2019, debt-laden Occidental Petroleum Corp. (Oxy) is working to right itself after taking a battering in the first three months, joining other Permian Basin-heavy operators in reducing activity in reaction to plummeting demand.

May 6, 2020
Lower 48 E&Ps Punch Back by Cutting Capex as Oil Prices Decimated

Lower 48 E&Ps Punch Back by Cutting Capex as Oil Prices Decimated

A slew of Lower 48 oil and natural gas producers reacted swiftly to the plummet in crude prices Monday by reducing planned spending and activity through the rest of the year.

March 10, 2020
Parsley CEO Pushes for ESG Accountability, Takes Aim at Democrats’ Call to Ban Fracturing

Parsley CEO Pushes for ESG Accountability, Takes Aim at Democrats’ Call to Ban Fracturing

Accountability in the energy industry has become more critical than ever before, and operators have to deliver on what they promise, which includes improving the environment, according to Parsley Energy Inc. CEO Matt Gallagher.

February 25, 2020
Parsley Looking to Prove Jagged Peak’s Value to Permian Portfolio as Efficiencies Kick In

Parsley Looking to Prove Jagged Peak’s Value to Permian Portfolio as Efficiencies Kick In

Permian Basin pure-play Parsley Energy Inc. has slightly reduced its spending outlook for this year, but overall oil and natural gas production remain on line with projections made late last year.

January 24, 2020
Parsley Looking to Prove Jagged Peak’s Value to Permian Portfolio as Efficiencies Kick In

Parsley Looking to Prove Jagged Peak’s Value to Permian Portfolio as Efficiencies Kick In

Permian Basin pure-play Parsley Energy Inc. has slightly reduced its spending outlook for this year, but overall oil and natural gas production remain on line with projections made late last year.

January 24, 2020
Permian Consolidation Continues As Parsley Completes $2.3B Jagged Peak Merger

Permian Consolidation Continues As Parsley Completes $2.3B Jagged Peak Merger

Parsley Energy Inc. on Friday announced the completion of its $2.27 billion acquisition of fellow Permian Basin pure-play Jagged Peak Energy Inc., which is backed by Houston-based private equity firm Quantum Energy Partners.

January 13, 2020
Permian’s Parsley, Jagged Peak to Tie Up in $2.27B Merger

Permian’s Parsley, Jagged Peak to Tie Up in $2.27B Merger

Permian Basin explorer Parsley Energy Inc. on Monday agreed to buy private equity-backed Jagged Peak Energy Inc. in an all-stock transaction valued at $2.27 billion.

October 14, 2019

Permian Operators Diverge as Laredo Raises Capex, Parsley Holds Firm

With oil prices on the rebound, Permian Basin pure-plays Laredo Petroleum Inc. and Parsley Energy Inc. reported taking different approaches toward getting into free cash flow (FCF) sooner rather than later.

May 3, 2019

Parsley to Rely on Dash of Efficiency to Self Fund Permian-Focused Growth

Permian pure-play Parsley Energy Inc. said it will increase its development activity in a portion of the Midland sub-basin in 2019, as it reaffirmed plans to reduce capital expenditures (capex) and still grow production.

February 22, 2019
Parsley Joining Peers, Reducing Permian Activity in 2019 on Falling Oil Prices

Parsley Joining Peers, Reducing Permian Activity in 2019 on Falling Oil Prices

West Texas explorer Parsley Energy Inc. joined a growing chorus of Permian Basin operators in announcing it will reduce development activity in 2019 because of a “less favorable commodity price environment.”

December 20, 2018
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