One-Page Deal Sheet
Parsley Acquires Permian Acreage For $139 million
Parsley Energy Inc. Not Disclosed
Announced Date
February 07,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
139
Asset/Basin:
{"Permian (Midland Basin)"}
TargetZones:
{Wolfcamp}
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Reagan
Play
Calculated Metrics( EV/Category)
$/ Acre
$/Location
Transaction Details: Subscribe to see
Source : Feb 6 2015 Investor Presentation
Closed on 8,450 net acres, primarily in Reagan County, for $139 million
― Bolt-on assets in heart of Horizontal Focus Area
― Based on offset results, anticipate attractive well economics on acquired properties even at depressed commodity prices
100% operated, 73% HBP, with 75% NRI and average working interest of 91%
Full rights to Wolfcamp and below across acquired acreage
Adds 199 net horizontal locations to drilling inventory (191 Core; 8 Tier 1)(1) ― Average stimulated lateral length of approximately 6,300’
Core: approximately 6,400’
Tier 1: approxim…
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