Top Story | New Company / Start-Ups | Capital Markets | Private Equity Activity
Parsley Energy Scores $65MM Equity Commitment
Print
|
Parsley Energy LLC has closed on a $65 million preferred equity investment by Natural Gas Partners (NGP).
Parsley is a Midland, Texas-based company that was founded by its CEO Bryan Sheffield in 2008. With 9 rigs running, Parsley is one of the most active operators in the prolific Midland Basin. Since its inception, Parsley has drilled over 270 wells and is currently producing over 17,000 barrels of oil equivalent per day (Boepd) on a gross operated basis and over 5,000 Boepd on a net basis. With over 73,000 net acres and 60 employees Parsley is well positioned to continue executing on its high growth business plan. Parsley will continue to focus on vertical development in the Wolfberry play and will also begin its horizontal drilling program in the fourth quarter of 2013.
Bryan Sheffield…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…