Parsley

Pioneer Natural Resources Co. struck a deal valued at $7.6 billion including debt late Tuesday to join forces with rival Parsley Energy Inc. in the second big Permian Basin tie-up this week. The combined company would hold substantial sway in the Permian, with an estimated 930,000 net acres and with no federal leases. At the…

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.

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.

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.

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.

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.

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.

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.

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.