Exclusives / Features | Production Restart | Curtailment/Shut-In
Parsley Puts 92% of Curtailments Back Online; Others Will Likely Follow Suit
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Parsley Energy Inc. has detailed that the bulk of its production curtailments implemented in May 2020 will be back online this month (June 2020), according to its recent presentation for the RBC Global Energy & Power Conference.
They are not the only company moving production back online. According to a report by Bloomberg, the rebound in oil prices in recent weeks has spurred other E&Ps to restore output as we enter 2H20.
See Also: During the RBC Capital Conference, EOG Resources' E&P VP Ken Boedeker signaled that it will "accelerate" output in the coming months Parsley: 92% of Curtailed Production Back Online in JuneIn its Q1 report, the company said it planned voluntary curtailments of 23 MBO/d for May. This was in addition to ~3 MBO/d of previous curtailments, bringing the total to…
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