After bolting on more than 30,000 net acres in the second quarter, Permian pure-play operator Parsley Energy Inc. saw oil production surge more than 80% and the company raised its full-year production guidance for the second time this year.
Parsley
Articles from Parsley
Parsley, Torchlight Adding Acreage in Midland, Southern Delaware Basins
Permian pure-play operator Parsley Energy Inc. said it will acquire more than 22,900 net acres of bolt-on acreage in the Midland and Southern Delaware Basins for $359 million in cash. Parsley also raised its full-year production guidance for 2016 to incorporate the acquisition’s current net production of about 2,300 boe/d.
Parsley Boosts Capex, Plans to Drill 60-70 Gross Wells in 2016
In an effort to boost oil production, Permian pure-play operator Parsley Energy Inc. increased its capital expenditures (capex) budget and plans to drill more wells in 2016.
Parsley Acquires Acreage, Production in Permian For $148.5M
Permian pure-play operator Parsley Energy Inc. has agreed to acquire more than 5,000 undeveloped net acres within its core operating area, plus producing oil and gas properties adjacent to its holdings in Texas, for $148.5 million in cash.
Parsley Stretching Out in Midland Basin
Parsley Energy Inc. is spending $252 million in multiple deals to acquire undeveloped acreage and producing properties adjacent to its operating areas in Reagan County, TX.
Permian Pure-Play Operator Parsley Energy Defies Expectations With $925M IPO
Permian pure-play operator Parsley Energy Inc. caught the market’s attention Friday after launching an initial public offering (IPO) in which it sold about six million more shares than anticipated, exceeding its offering price and sending the stock soaring in its first day of trading on the New York Stock Exchange (NYSE).