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Parsley Acquires Midland Basin Acreage For $215 Million

Parsley Energy Inc. Not Disclosed
AnnouncedApr 4, 2016
TypeProperty
LocationMidland Basin
Announced Date
April 04,2016
Close Date
May 16,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
215




Snapshot
Asset/Basin:
{Permian,"Midland Basin"}
Net Acres
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Net Operated Locations:
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Location
Region
Permian

Country
United States

State
Texas

County
Glasscock ,Reagan

Play
Midland Basin


Production
Production
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Calculated Metrics( EV/Category)
$/ Flowing
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$/ Acre
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$/Location
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Transaction Details:  Subscribe to see

Parsley Annouce the acquisition Midland Basin properties :

8,711 net acres in Midland, Upton, Reagan, and Glasscock Counties, TX for approximately $215 million Estimated current net production of approximately 1,100 Boe per day from two horizontal wells and 77 vertical wells Adds 257 net horizontal drilling locations Extends eight existing horizontal drilling locations by approximately 5,000' on average Parsley to receive four drilled but uncompleted horizontal wells at closing, as well as one horizontal well to be completed by closing Select offset wells demonstrated 24-hour initial…

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Permian Deal Activity In Last 12 Months


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Price History


Date Deal Headline Price$/acre
Feb-12-2024 Diamondback To Acquire Endeavor Energy In $26 Billion Transaction - -
Jan-04-2024 APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal - -
Dec-15-2023 Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map - -