One-Page Deal Sheet
Parsley to Bolt On Midland Basin Acreage Position for $148.5 Million
Parsley Energy Inc. PCORE Exploration and Production I LLC
Announced Date
December 09,2015
Transaction Type
Property
Enterprise Value (EV)($MM)
149
Asset/Basin:
{Permian,"Midland Basin"}
Net Acres
Net Operated Locations:
Location
Calculated Metrics( EV/Category)
Region
Permian
Country
United States
State
Texas
County
Reagan ,Glasscock ,Midland ,Upton
Play
Production Production
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
$/Location
Transaction Details: Require Private Equity Subscription
Parsley Energy, Inc. has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the Company's existing operating areas in Upton, Reagan, and Glasscock Counties, TX for an aggregate purchase price of $148.5 million in cash (subject to customary purchase price adjustments) from PCore I a private equity backed company.
Acquisition Highlights 238 net horizontal drilling locations across 5,274 net surface acres in the Company's core operating area Estimated net production of approximately 1,000 barrels of oil equivalent per day…Permian Deal Activity In Last 12 Months
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