Filed Pursuant to Rule 433
Issuer Free Writing Prospectus dated December 9, 2015
Relating to Preliminary Prospectus Supplement dated December 9,
2015
Registration Statement No. 333-204766
Parsley Energy, Inc. (NYSE: PE) (“Parsley Energy” or the “Company”)
today announced that it 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).
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Parsley Energy Acreage (Photo: Business Wire)
Acquisition Highlights
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238 net horizontal drilling locations across 5,274 net surface acres
in the Company’s core operating area
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Estimated net production of approximately 1,000 barrels of oil
equivalent per day during the month of November from three producing
horizontal wells. Acquisition also includes one drilled horizontal
well that is anticipated to be completed by the seller prior to the
closing of the transaction, scheduled for early January 2016.
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High average working interest of 87% and low average royalty burden of
20%
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100% operated at close with no obligation to develop for two years
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Infrastructure in place to support ongoing horizontal drilling
operations
About Parsley Energy, Inc.
Parsley Energy, Inc. is an independent oil and natural gas company
focused on the acquisition and development of unconventional oil and
natural gas reserves in the Permian Basin in West Texas. For more
information, visit our website at www.parsleyenergy.com.
Forward-Looking Statements
Certain statements contained in this news release constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. These forward-looking
statements represent Parsley Energy’s expectations or beliefs concerning
future events, and it is possible that the results described in this
news release will not be achieved. These forward-looking statements are
subject to risks, uncertainties and other factors, many of which are
outside of Parsley Energy’s control, which could cause actual results to
differ materially from the results discussed in the forward-looking
statements. Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, Parsley Energy does
not undertake any obligation to update or revise any forward-looking
statement, whether as a result of new information, future events or
otherwise. New factors emerge from time to time, and it is not possible
for Parsley Energy to predict all such factors. When considering these
forward-looking statements, you should keep in mind the risk factors and
other cautionary statements found in our filings with the SEC,
including, but not limited to, our Annual Report on Form 10-K for the
year ended December 31, 2014, and our subsequent Quarterly Reports on
Form 10-Q. The risk factors and other factors noted in our SEC filings
could cause our actual results to differ materially from those contained
in any forward-looking statement.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151209006455/en/
Copyright Business Wire 2015
Source: Business Wire
(December 9, 2015 - 4:02 PM EST)
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