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.
Parsley
Articles from Parsley
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
Parsley to Prune Permian Midland Assets for $170M, Reports 3Q Production Surge
Permian Basin pure-play Parsley Energy Inc. said it plans to shed nearly 12,000 net acres in West Texas within the Midland sub-basin, for $170 million through “multiple transactions.”
November 5, 2018
Parsley to Focus on Permian Midland Production in 2018
Parsley Energy Inc. said it has successfully integrated about 95,000 net acres in the Permian Basin into its portfolio, which it said makes it it the second-largest publicly traded operator working in the Midland sub-basin.
February 27, 2018
Parsley Misses on 4Q Permian Production, Lowers 2018 Guidance
Permian Basin pure-play operator Parsley Energy Inc. said fourth quarter production fell short of expectations while capital expenditures (capex) in the final three months were the highest for the calendar year. It also said 2018 had started at a lower production level because of cold weather.
January 30, 2018
Parsley Completes Permian Delineation, Raises Production Guidance
Having successfully integrated several acreage trades, Permian pure-play operator Parsley Energy Inc. said it also completed several delineation projects during the second quarter and raised production guidance for the remainder of the year.
August 4, 2017
Parsley Integrating Acquired Assets, Sees Sharp Rise in Quarterly Production Trajectory
Permian pure-play operator Parsley Energy Inc. reported a sharp increase in its quarterly production trajectory, due in large part to the integration of acreage it acquired during the first quarter, but lower lease operating expenses (LOE) and improving well results also gave it a boost.
May 5, 2017
Parsley’s Permian Land Grab Continues, with Pricey $2.8B Deal for Another 71,000 Midland Acres
West Texas aficionado Parsley Energy Inc. struck for a second time in the Permian Basin in as many months, agreeing Tuesday to pay $2.8 billion for another 71,000 net acres, giving it command of 277,000 net acres total, mostly in the Midland sub-basin.
February 8, 2017
Parsley Bolts On More Permian Running Room; 2017 Capex to Nearly Double
Parsley Energy Inc. agreed late Tuesday to pay $607 million to bolt on 23,000 net leasehold acres in West Texas, within the Permian’s Midland and southern Delaware sub-basins.
January 11, 2017
Parsley Grabbing More West Texas Leasehold in $400M Deal
West Texas-focused Parsley Energy Inc. continued its Permian Basin spending spree on Monday, agreeing to pay $400 million for a bolt-on leasehold in the Midland sub-basin.
August 16, 2016
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