Operator · Permian Basin & Wolfcamp Shale
Parsley Energy Inc.
80 articles mentioning Parsley Energy Inc. · Page 1 of 4
Pioneer Seals $7.6B Acquisition of Parsley Energy
Pioneer Natural Resources Company has completed its previously announced acquisition of Parsley Energy Inc. The all-stock deal is valued at $7.6 billion. With the closing of the transaction, Parsley directors Matthew Gallagher and A.R. Alameddine have...
Parsley to Lay Off Austin Team as Part of Merger with Pioneer
Parsley Energy will lay off most of its Austin, Texas workforce as part of its sale to Pioneer Natural Resources, according to a notice to the Texas Workforce Commission posted on Friday. Pioneer has agreed to...
Parsley Energy Third Quarter 2020 Results
Parsley Energy, Inc. announced financial and operating results for the quarter ended September 30, 2020. Recent Highlights: Generated positive free cash flow(1) in 3Q20. Paid 3Q20 quarterly dividend of $0.05 per share on September 18, 2020...
Permian Operator to Add Two Rigs in October 2020
Parsley Energy provided an update to its 2020 development program. In a recent investor presentation, the company said it has already added rigs this past month and plan to add two more rigs in October. The...
Parsley Energy, Narrows 2020 Capex, Resume Frac Activity
Parsley Energy, Inc. reported its Q2 2020 results. 2020 Guidance The Company is narrowing its 2020 capital budget to $650-$700 million (previously less than $700 million), with reported 1H20 capital expenditures of $443 million representing more...
Bullish on Oil: Operators Turn on Taps After Curtailments
This week, several companies have announced that they are placing the majority of their curtailed production back online. They largely credit the improvement in oil prices as the catalyst. EOG Resources The company said it expects...
Parsley Puts 92% of Curtailments Back Online; Others Will Likely Follow Suit
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...
Oil Shut-In MONITOR : E&P Planning to Shut-In/Curtail 1 Million Barrels In May, 1.1 MMbbls/d in June
As operators continue to adjust their 2020 plans to combat market woes, we are taking a look at all the E&Ps who have announced that they will be curtailing production. Most of the curtailments have been...
Impairments MONITOR : Devon, Concho, Centennial, Southwestern, Parsley, Diamondback
We are tracking impairment charges by company. Latest in Impairments
Parsley Energy Details First Quarter 2020 Results
Parsley Energy, Inc. reported its Q1 2020 results. Updated 2020 Outlook On March 11, 2020, the World Health Organization declared the novel coronavirus 2019 ("COVID-19") a pandemic. COVID-19 has had a material negative impact on global...
Parsley's Borrowing Base Reaffirmed at $2.7B; Extended Maturity
Parsley Energy Inc. has reported it reeaffirmed its borrowing base at $2.7 billion, while increasing its elected commitment to $1.075 from $1 billion and extending the maturity date by two years from October 2021 to October...
Parsley Cut Capex, Rig Program 40%; Hedge Book Update; Exec PayCut
Parsley Energy Inc. has updated its outlook and strategy for 2020. Similar to Matador's move earlier this month, the top Parsley execs will be taking a 50% pay cut (vs. 2019) in an effort to minimize...
Parsley Cuts Rigs, Frac Fleet by 40%
In reponse to the drop in oil prices from $50 to $32, Parsley Energy Inc. has updated its 2020 outlook. Updated 2020 Outlook Parsley is revising its baseline capital budget assumption from a $50 WTI oil...
Permian E&P Scraps Plan to Sell Oilfield Water Assets
Parsley Energy has been talking for the last 12 months about selling it water midstream assets. During its most recent call (yesterday) the company provided an update. "Over the past few months, our team performed its...
Parsley Energy Reports Q4 2019 Results
Parsley Energy, Inc. has reported its Q4 2019 results. The company also reiterated its 2020 plans announced in January, which can be accessed here. Recent Highlights Parsley published its inaugural Corporate Responsibility Report, outlining the Company's...
Permian E&P Talks 2020 Plan; 200 Wells To Drill & Complete, 15 Rigs
Parsley Energy, Inc. has detailed its 2020 development program. It is posting increases across all areas of its operating plan, however that is to be expected due to its 2019 acquisition of Jagged Peak Energy. When...
What Drives Production: Rig Count or Well Completions?
Much as has been said over the years about the link between rig counts and production. The industry watches the rig count weekly and refer to it as a proxy for production growth. We also have...
Parsley Completes Acquisition of Jagged Peak; Details Board Changes
Parsley Energy has closed its acquisition of Jagged Peak Energy Inc. The all-stock transaction is valued at $2.27 billion ($1.67 billion + $625 million in debt). This deal significantly augmented Parsley's position in the Delaware Basin,...
Several E&P's Talk Oilfield Water Management Strategies
The oilfield water market is heating up and E&P companies are actively talking / thinking about different strategies. The main question being asked is whether to take the cash now (from a sale) and risk higher...
Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls
Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...